When we think from a financial planning perspective, the consumptive nature of man makes it difficult to save for the future. Hence comes the need to plan savings, spendings, and investing with objectives set beforehand.
Gold gained around 25% in 2020. However, after hitting an all-time high of US$ 2,075/oz in Aug 2020, it is now down around 17% and back to pre-Covid levels. We expect the precious metal to bounce back by year end of 2021.
2021 could be a year of healing, optimism, and the establishment of an entirely new world, professionally and personally. We expect a strong cyclical rebound with most major economies bouncing back to pre-covid levels.
As manual and white-collar jobs will be increasingly replaced by machines, the digital platform will allow many more people to open digital franchises to sell their offerings to customers who were previously inaccessible.
Blockchain has immense potential to disrupt traditional relational database management systems. Many financial services firms have shown interest in blockchain based platform to store and manage data and transactions.
Smartphones are first in line to get lost into invisibility. The need of the hour is better integration with humans and new, innovative ways of interacting with devices. We think bioelectronics breakthroughs can help us with that.
The 60 plus seem to be engaging in social media almost as fervently as the younger population. It perhaps helps them to get a social identity which was in some ways curtailed by the end of the working career.
Too much intake of anything is harmful to us. The same happens when the digital world overtakes our real physical world and prevents us from interacting with fellow humans, family members, and other natural objects.
Machines can replace all functions of humans using sensors, actuators, and computers. The only thing they cannot replace is the human touch and experience. In the near future, we would vie for human interaction the most.
Young people will seek to create new experiences by opening small enterprises offering new value propositions to the consumers. What exactly these will be will vary and, in many cases, may not have even been thought about so far.