Now is a good time to invest in robots. There is a labor shortage.
There would not be if Gov stayed the hell out of the market
Especially if you happen to be among the 2/3 (???) of the population that survives the Great Reset.
I bought 300 shares of ARK Autonomous Tech & Robotics ETF (ARKQ) at $34 in Feb 2019. It went sideways for over a year, then in mid March 2020, people realized that the pandemic was going to be good for robotics.
It tripled by Feb 2021, but gave up about 20% within a month of that peak and has gone sideways (77 - 87) the past eight months. I’m not unhappy more than doubling my investment in 2.5 years, but lots of other opportunities did a lot better.
The Global Robotics and Automation Index ETF (ROBO) has done almost the exact same (I was looking at ROBO when I bought ARKQ). Sideways from Jan 2018 to Feb 2020. It dipped 25% starting in Feb 2020, then took off in mid March 2020 and is trading 62 to 70 the past 8 months.
The Global X Robotics & Artificial Intelligence ETF (BOTZ) has had similar performance. Low of 16 in March 2020, currently 38 in Nov 2021.
I guarantee you more than 29,000 robots were sold in one year. I would think 300,000 or more. I’ve sold a few myself. They are entirely necessary for a business to stay alive.