Skip to main content

Investing in a rapidly changing world

Nov 17, 2015 02:13PM ● Published by Neighbors Magazines

by Steve Ciaccio, MBA, CPA, CFP®

We invest so that we can increase our wealth and income as we move into the future. As much as it is important for all of us to have a vision of our goals for the future, we should also have a vision of what the world will be like in the future so that we can plan to succeed as the world progresses.

One example of how technology could impact our future is the development of driverless cars that is currently underway. Here is a very hypothetical future scenario. With a world of driverless cars, you might simply need to let “the system” know where you want to go and when. A driverless car will be dispatched to pick you up and drive you to your destination. Then, it will efficiently move itself to another nearby person who needs a ride to somewhere else, and so on. When needed, the car will bring itself “home” to refuel itself.

Who could benefit and who could lose from this scenario? If one car will be able to shuttle several people per day, there might be significantly fewer vehicles needed. Many vehicles could also be smaller since they might tend to carry one passenger at a time. Ride sharing could be more common, saving even more. As such, auto makers could have fewer sales, but “system” owners might profit. It would seem that the technology developers could benefit from those patents. Component manufactures might benefit as well. With fewer cars and fewer miles driven, maybe less fuel will be used and less pollution created. The possibilities for this scenario go on. 

Is a large fleet of robotic cars roaming the streets a realistic concept for the future? Consider that currently some major mail order fulfillment centers that “pick and pack” several thousand items per day are operated to a large extent by fleets of roving robots. The robots scurry about the warehouse taking products from bins and delivering them to shipping boxes. Robots do much of today’s manufacturing, and some can also see what they are building.  How likely did smart phones seem 20 years ago?

Seeing how far technology has come during the past 20 years, it is conceivable that the possibilities for the future are only as limited as human imagination. Here are just a few of the areas that I believe have potential for significant change in the future:

·         Driverless cars and drones

·         3-D printing

·         Robotics and robotic vision

·         Smart homes

·         Nanotechnology

·         Of course, computers and communication

We do not know if the above scenario will actually happen, but it is an example of how a vision of the future can guide your investment choices, and your financial plan. Some of the questions to consider are: Which technologies will prevail? Which companies will lead, and which will fall behind? Which currently popular products will disappear?  How should we invest in a rapidly evolving world? Among other things, we will need to watch vigilantly for emerging innovators in all economic sectors and industries (and some future industries that do not even exist yet). We need to be ready for the future because the future comes every day.  

All the best to you!

Steve Ciaccio is a Wealth Advisor and founder of Ciaccio Wealth Management, located at 232 South Batavia Avenue, Suite B, Batavia. He can be reached at 630-454-4599 CiaccioWealth.com. The opinions voiced in this article are for general information only and are not intended to provide specific investment or tax advice or recommendations for any individual.

Securities and advisory services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
© Copyright Steve Ciaccio 2015

Business Nuggets, Today Your finances Investments
  • Christmas Light Spectacular

    11/24/2017
    12:00AM

    We're going all out this year on decorations thanks to our friends at iPANiC Escape Rooms. Bourbo...


  • Moms Connect

    11/24/2017
    09:00AM — 10:15AM

    St. John Lutheran Church at 7214 South Cass Avenue in Darien, IL will sponsor a new Bible-based s...


  • Story Time at Creek Bend Nature Center

    11/24/2017
    10:30AM — 11:00AM

    Treat your child to Story Times at Creek Bend Nature Center. This popular program series is for c...


  • Illumination

    11/24/2017
    04:30PM — 08:30PM

    Illumination: Tree Lights at The Morton Arboretum brings light and nature together for a winterti...


  • Keeping perspective in today’s world is a challenge, to say the least! Occasionally, it is good t...


  • Comedy at Zanies

    11/24/2017
    08:00PM

    See nationally known comics along with some of the country’s hottest new talents for a night full...


  • Live Entertainment: DJ

    11/24/2017
    09:00PM — 11:55PM

    Join us on historic Bourbon Street in Jambalaya at Pheasant Run Resort every Friday for live ente...


  • Christmas Light Spectacular

    11/25/2017
    12:00AM

    We're going all out this year on decorations thanks to our friends at iPANiC Escape Rooms. Bourbo...


  • Low Cost Pet Vaccine Clinic in Lisle

    11/25/2017
    09:00AM — 01:00PM

    Every Saturday from 9:00AM-1:00PM the Pet Well Clinic in Lisle offers affordable vaccines, microc...


  • Winter Vendorland

    11/25/2017
    10:00AM — 03:00PM

    Come out and support small businesses while getting your holiday shopping done under one roof! Th...


  • Illumination

    11/25/2017
    04:30PM — 08:30PM

    Illumination: Tree Lights at The Morton Arboretum brings light and nature together for a winterti...


  • Comedy at Zanies

    11/25/2017
    07:30PM

    See nationally known comics along with some of the country’s hottest new talents for a night full...


  • Live Music

    11/25/2017
    09:00PM — 11:55PM

    Join us on historic Bourbon Street in Jambalaya at Pheasant Run Resort for live bands every Satur...


  • Comedy at Zanies

    11/25/2017
    09:45PM

    See nationally known comics along with some of the country’s hottest new talents for a night full...


  • Christmas Light Spectacular

    11/26/2017
    12:00AM

    We're going all out this year on decorations thanks to our friends at iPANiC Escape Rooms. Bourbo...


  • Bourbon Street Brunch

    11/26/2017
    09:00AM — 01:00PM

    Join us on historic Boubon Street every Sunday for a unique brunch buffet! Enjoy all your favorit...


  • The Fox Valley Nutcraker

    11/26/2017
    02:00PM

    Fox Valley Ballet is proud to present The Fox Valley Nutcracker, a Fox Valley holiday tradition t...


  • Tony Award-winning choreographer and tap dancer Savion Glover (Broadway’s “Bring in ’Da Noise, Br...


  • Illumination

    11/26/2017
    04:30PM — 08:30PM

    Illumination: Tree Lights at The Morton Arboretum brings light and nature together for a winterti...


  • Christmas Light Spectacular

    11/28/2017
    12:00AM

    We're going all out this year on decorations thanks to our friends at iPANiC Escape Rooms. Bourbo...


  • Tri-Cities Exchange Club Breakfast

    11/28/2017
    07:00AM — 08:00AM

    Every Tuesday morning, 7-8am, men and women meet for breakfast at Colonial Cafe on Randall Road, ...


  • Illumination

    11/28/2017
    04:30PM — 08:30PM

    Illumination: Tree Lights at The Morton Arboretum brings light and nature together for a winterti...


  • Westminster Freshman Preview Night

    11/28/2017
    07:00PM — 09:00PM

    Westminster Freshman Preview Night is for 2018-19 grade 9 students and their parents. Come and e...


  • Christmas Light Spectacular

    11/29/2017
    12:00AM

    We're going all out this year on decorations thanks to our friends at iPANiC Escape Rooms. Bourbo...


  • Holly & Hope Holiday Luncheon

    11/29/2017
    11:30AM — 02:00PM

    People's' Resource Center kicks off the holiday season with its annual Holly & Hope Luncheon. Fro...


  • Illumination

    11/29/2017
    04:30PM — 08:30PM

    Illumination: Tree Lights at The Morton Arboretum brings light and nature together for a winterti...


  • Christmas Light Spectacular

    11/30/2017
    12:00AM

    We're going all out this year on decorations thanks to our friends at iPANiC Escape Rooms. Bourbo...


  • Nature Tykes (for 3 year olds)

    11/30/2017
    09:30AM — 10:30AM

    In this program, for 3-year olds and their parents, grandparents or guardians, we’ll explore the ...


  • Little Naturalists

    11/30/2017
    01:00PM — 02:00PM

    In this hour-long program for 4-5-year olds, children will discover the wonders of nature through...


  • NUHS Student for a Day (AOM/BS)

    11/30/2017
    03:00PM — 07:00PM

    The Student for a Day program provides an opportunity to understand student life at National Univ...


  • CASA Kane County's Holiday Extravaganza

    11/30/2017
    03:00PM — 11:00PM

    You are invited to enjoy two special events on the eve of annual Geneva Christmas Walk!


  • Illumination

    11/30/2017
    04:30PM — 08:30PM

    Illumination: Tree Lights at The Morton Arboretum brings light and nature together for a winterti...


  • Aromatherapy Blending Workshop

    11/30/2017
    07:00PM — 07:45PM

    Come join us at Pheasant Run Resort Spa for our Aroma Blending Workshop! Blend your own Mist, Oil...


  • Comedy at Zanies

    11/30/2017
    08:00PM

    See nationally known comics along with some of the country’s hottest new talents for a night full...


Neighbors Magazines
Neighbors Magazines, 28 South Water Street, Batavia, IL 60510, 630-995-3482, www.welcometoneighbors.com
Contact us