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May 24, 2018

Even with adequate cash in hand, smart people know that it is important to invest. Smarter people know where to invest, because not everyone can come up with a million dollar business idea, but anyone with the right amount can make a billion dollar investment. However, some businesses form better investment platforms than others others. If you put your finances and faith in another person’s business enterprise, you become eligible for both a tremendous profit and equally devastating loss-- and the only way you will know if you made the right decision is by giving it time.

Nonetheless, you can make sure that your investment is inclined towards the profitable side of the business scale by doing your research on upcoming and existing businesses with respect to their niches in the local and global markets. Lucky for you, this article has compiled five of the best businesses to invest in within the current market. 

TESLA

TESLA can basically be described as the company of the future, given its products and ideology for the use of clean and renewable energy. With the increased awareness of environmental pollution, global warming and the need to counter these factors for a better future, the TESLA team has realized a business niche. Founded in 2003, this company comprises of a group of engineers that create clean energy and storage products with the aim of proving that you do not need to compromise utility to use clean energy.

Their most popular products are their all-electric vehicles, which have been created to counter and ultimately stop the use of fossil fuels for a zero emission future. All through the years of its growth, TESLA has created vehicle models from race cars to trucks using its one of a kind battery technology. Making vehicles such as the Model S (their first all-electrical sedan), Model X (a sports utility vehicle), and the Tesla Semi (their first ever electric truck), these vehicles have been designed to become the best in their categories. Experts have confirmed that their efficiency, performance and safety are top of the line.

The TESLA approach to business has enabled this enterprise to create thousands of jobs, with its product line increasing every year even as the latest standings showing prospects of 500,000 vehicles a year production rate by 2018.

As a company that was only established 15 years ago, the growth rate of TESLA is beyond remarkable. And with no notable competition in sight, this enterprise is bound to change future technology in many ways--which is why it is a worthy and sure investment.

White stairs

ACB – Aurora Cannabis

Aurora Cannabis Inc. is a Canadian company that deals in the medical marijuana industry, and, via its subsidiaries, is a licensed producer and supplier of medical marijuana. There has been a race to expand marijuana production for startup pot companies in Canada as it awaits the legalization of recreational marijuana. However, most of these companies have not recorded significant profits. ACB, on the other hand, has recorded exceptional growth with a market value of 4.59 million CAD, and annual sales of 18.1 million CAD. Key statistics of the Aurora Cannabis Company includes: 215.54 annual return, 564.41M outstanding shares and a 30-day average volume of 14,830,100 among other enticing figures. Their statistics are evidence of their dominance within the industry, with major investors already putting millions into ACB Inc. after its acquisition of 2.9 billion CAD in stock, the biggest deal in its sector.

The marijuana industry in Canada is set for a major upsurge once recreational marijuana is legalized in October 2018, and Aurora Cannabis Inc. has set up the perfect foundation to dominate this industry. The sooner you invest in this one, the better.

Luxottica Group (NYSE: LUX)

Luxottica Group is a holding company with headquarters based in Milan, Italy, which deals in the design, manufacture and distribution of fashion, performance, sports, and luxury eyewear on a global scale. The company operates through its popular retail brands such as: Sunglass Hut, LensCrafters, ILORI and Pearle Vision. It also extends its services to well-known designer brands including; Prada, Versace, Dolce and Gabbana, and Chanel among others.

In 2017 the Luxottica Group merged with Essilor, which is a move that enabled for a combined market capitalization. This merger will make both parties able to command more than a quarter of the world’s sales in any type of eyewear. Their combined market capitalization value stands at 46 billion euros, making the Luxottica Group definitely worth the investment.

Michael Kors Holdings Limited (NYSE:KORS)

Michael Kors Holdings Limited is a company that deals in the design, production and distribution of fashion luxury products ranging from footwear, clothing, wearable technology, eyewear, jewellery to fragrance products for both men and women. The company operates on a global scale and has made all the right moves in ensuring its dominance over the industry.

On February 7th, 2018 Michael Kors announced their financial results following the third quarter that ended December 30th, 2017. And the figures were quite enticing, considering a reported $1.42 earning per diluted share and a 7.9% increase over the previous year. Other lucrative figures include: a gross profit increase of 9.7% to $884.0 million, $313.5 million income from operations, and a total revenue increase of 6.5% to 1.44 billion which included $114.7 million contributions from Jimmy Choo. Jimmy Choo is a company that was successfully integrated into Michael Kors Holdings Limited and has tremendously proven its worth. With moves and figures such as these, it would only be right to invest in such a company.

Tiffany & Co. (NYSE:TIF)

Originally based in New York, Tiffany & Company is an enterprise that deals in luxury jewellery, timepieces, leather goods, fragrances, accessories, and sterling silverware among other related stuff all over the globe. It is famous for its luxury products, especially its high quality diamonds, which it has been selling since 1837.

From its latest financial report following the end of the financial year January 31st, 2017 displays figures such as a net income of 446.1 million, and a revenue of over 4 billion. With figures like these , this company is definitely investment-worthy.

In conclusion, with the right investments you can be sure of adequate financial returns, but proper research and understanding of the industry that you intend to invest in is necessary to make the right choice. Hopefully, this article has guided you towards the right starting place.  

 

Trying to get away from that 9 to 5 by generating passive income? Check out our article on being a digital nomad here. 


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