If you could go back in time and invest in Apple (AAPL) before it launched the iPhone--when it was selling for less than $5 per share--you wouldn't hesitate. Or how about Amazon (AMZN)? If you had the foresight to predict that this online bookseller would revolutionize retail as we know it, you surely would have scooped up the shares for less than $10 per share in 2001.
Of course, it's difficult to predict which technologies will change our world and how long their influence will last. On top of that, it's often a challenge for investors to identify investable opportunities associated with these groundbreaking technologies.
Karen Wallace, CFP® does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.