The Speed of Change
As you may have heard, the Supreme Court of the United States legalised gay marriage last week. Not a line you may expect to start a blog post on investing, but the ruling provides a fascinating insight into how quickly society is changing.
A recent Bloomberg article demonstrates how public opinion on major issues is changing at an increasingly faster rate. As opinion changes, so too does behaviour, which means the opportunities and challenges for investors are becoming even greater.
The most recent financial year had many examples of rapid and sizeable change. People are becoming more health conscious and falling out of favour with Coca-Cola; watching videos on demand is becoming more appealing than television; health care is being administered in the home, and the thought of investing in overseas markets is becoming more appealing and accessible.
These really are incredible times.
Ben MacNevin is an Analyst with Montgomery Investment Management. To invest with Montgomery, find out more.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
INVEST WITH MONTGOMERY
william-garbett
:
Not sure, but some selective bias may have occurred here. Did we forget about recreational marijuana? 4 years, 4 states… on par with prohibition and interracial marriage.
Just because American states legislate at a certain pace does not mean the idea has been accepted by society at the same rate. False logic, sorry but Bloomberg failed on this one.