Change is Coming
For those of us who remember the days when there were no computers or cell phones, technological advances are coming at a faster rate than we ever imagined. In the not-too-distant future, computers may become as fast as the human brain and software will emulate human intelligence.
Today, it is unlikely that children under the age of five will ever drive a car with the advent of self-driving automobiles. Google’s test vehicles have cumulatively driven over one million miles with no accidents, and they are legal for street use in five states. This change alone will eventually make Uber drivers, truck drivers, truck stops and valets extinct. Can you imagine no more auto accidents and speeding tickets? The results could have a major impact on auto manufactures, auto collision and liability insurance, auto repair shops not to mention the lost revenue for cities and counties. According to the US Department of Transportation, there is an average of six million car accidents in the U.S. every year. More than ninety people die in car accidents every day and over three million people are injured every year in car accidents. Americans spend $157 billion on auto insurance and the losses due to property damage, lost wages, lost household production, medical and legal costs, rehabilitation expenses and workplace cost total 3.7% of our nation’s GDP. These changes are closer than many people realize.
Keeping Up With Technology
Technology will radically reshape our world. Just as technology is changing our daily lives, portfolio management should be changing with it. At Worth Asset Management our financial advisors keep informed about these changes as some companies will benefit and some will be adversely affected.
Contact us if you would like to discuss your financial goals with a Worth Asset Management Advisor and discuss strategies to help protect your portfolio.
About Worth Asset Management
Worth is an independent and diversified financial services company providing a wide range of wealth management services to help clients build wealth no matter where their financial journey begins.
Worth Asset Management is an RIA (Registered Investment Advisor) firm. Expert financial services include retirement planning, asset & portfolio management, and investment management.
Disclosure: Worth Asset Management, LLC is an investment advisory firm whose principal place of business is in Texas. We may only conduct business in states in which we are registered or qualify for an exemption from registration requirements. Please realize that this website is provided for informational purposes only and should not be construed as a solicitation to buy or sell a security or the delivery of personalized investment advice.
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