9 fastest growing industries to invest in for 2018

Finding lucrative industries to invest in can be a good strategy if you’re looking for new opportunities. But, throwing money at a hot, new stock isn’t always the best game plan. Instead, take the time to research any company that peaks your investment interest. Even though one company might show industrial strength, another one in the same sector might not do so well.

For example, both Scana Corp. and NRG Energy, Inc. are utilities, but NRG was up 132 percent in 2017 and Scana dropped by 46 percent. Unfortunately, there’s no promise that any specific company will rank as one of top stock picks for 2018.

Good Industries to Invest in for 2018

When trying to pinpoint which industry deserves your dollars, it can help to pay attention to trends. Although industry sectors showing growth can be a good thing, sometimes the growth is coupled with volatility, which makes for higher risk.

Take a look at these nine quickly growing industries that might prove to be good investment opportunities, but research individual stocks and companies before making any big moves. Here’s are the fastest-growing industries to invest in:

Before you invest in any industry, do your due diligence by researching the most successful public companies within that industry. If you’re still unsure how to invest your money, consider hiring a financial advisor to help you make a smart investment decision.

This article originally appeared on GOBankingRates.com: 9 Fastest Growing Industries to Invest in for 2018