No doubt you have heard the advice that you should only invest in things you know. Problem is, you’re not an industry expert. You don’t pretend to be and you don’t want to put in the thousands of hours to become one. That’s ok – almost every industry is still open to you to invest in.
Many people think investing only in what you know means limiting yourself to the industries you have expertise in. While that would be the optimal situation, it’s not the requirement. You can actually invest in the oil & gas industry, pharmaceutical industry, telecom industry, and a host of others without knowing the ins and outs of all their movements.