Over the years, the Baby Boomers (born 1946-1964) have provided investment opportunities for companies–and investors–that were forward-looking, and kept an eye on the Demographic. Disney stock took-off when the Boomers were very young, then we saw hula hoops and nerd balls, Disney Theme Parks and McDonald’s and, then over time, Rock & Roll and Beach Blanket movies.
More recently, we now see countless Retirement Planning and Medicare ads, and the growth of companies that focus on prosthetics and assisted living centers. Given today’s longevity, there might be the next generation of age-related investment opportunities being developed.
The linked article, from Information Week, is just one of a number of articles that a computer-search will list, http://www.informationweek.com/mobile/10-wearable-health-tech-devices-to-watch/d/d-id/1107148. Many shoppers would not think of going to the Shopping Mall without taking their SmartPhone or PAD, so they can compare the price with similar products on-line. So, why not Wearable Health-Monitors?
And, the concept is not just for the Boomer Generation, I sent my Daughter an article about a product developed at MIT on a 3-D Printer, which was judged the best Infant Monitor. It tells you when the Baby sleeps, for how long and respiration, among other things.
There are devices for you to monitor how far you ran or walked; but, they can also keep track of your respiration, body temperature, heart rate, blood pressure, etc. And, if you suffer some sort of a health crisis–while at home or out--you can alert the medical monitoring service to call for help. Remember, GPS!
I am not recommending a particular product or company; however, being aware of changes in the status quo may prove beneficial. Just think of the decreased importance of computer hard drives in favor of cloud-computing, which perhaps had a negative impact on the Dell and Hewlett Packard stock prices.
NOTE: When investing in any new product or company, there are considerably more risks than buying securities of established companies with a long track record. Perhaps make a small initial investment, which you can always add to. There would generally be more volatility, as well. In some cases, such as the shift from hard drive-to-cloud computing, it could merely suggest an investment change from one well-known company to another.