Kiplinger had an article that nicely corresponds with the Economist's article about technology replacing people as time progresses.
It said that one of the best things investors can do is look at which companies are the most likely to innovate and design something that will be the next big thing.
Some of the companies that they see doing this and recommend are Apple, Google, General Electric, Amazon, and Illumina.
But since individual stocks are riskier, my biggest take away from this article was their recommendation of Fidelity New Millennium. It is a mix of sometimes volatile, high growth companies balanced with steadier, bargain priced fair. It includes a couple of the big stocks from the article- Google and illumima. The manager has a good track record too- from July 2006 to the end of 2013 it has returned 9.6% annualized, beating the S and P by more than 2%.
For what it's worth, I think this fund would be a good investment. Common sense says that technology and innovation are the future, The Economist and Kiplinger agree on that point, and the fund cuts the risk of the individual stocks while betting on their success. Plus the fund follows the rule of a manager with at least a solid 5 year track record. At the very least, it appears to be a fund to look at more closely.
