Top 6 Growth Industries for 2014

People are always wondering how to invest money in the coming year and which industries will be hot. While there are no certainties in life and most certainly in the stock market, there are a few solid industries that are sure to do well if you invest money in them in 2014. It would be extremely surprising if Renewable energy, Biotechnology, and Internet Companies did not see significant growth this coming year. Keep reading for the Top 6 Growth Industries of 2014 and some investment advice and best stocks to buy in each category.

And an additional tip! What about checking out emerging market ETF or Mutual Funds? They haven't seen as much growth as the US market has in the past couple years and are bound to recover. One of my favorite ETFs in this category is "VWO" from Vanguard. It has an extremely low expense ratio and is nicely balanced.

It should come as no surprise that the Internet is becoming increasingly more important each year as people's dependence upon it grows exponentially. Companies that deal in things like E-commerce, auctions, Internet publishing and broadcasting will see substantial growth in 2014 and for many years to come.

Some investment ideas include: Amazon, Ebay, Google and Comcast.

Wind and Solar Power

It's no secret that traditional forms of energy like oil, coal and gas are becoming rapidly depleted. in the future, the world will have to depend more and more upon renewable energy, which makes this the second fastest growing industry for 2014.

Some investment ideas include: Next Era Energy and Xcel Energy.

However, a word of caution is in order because the solar industry is so heavily dependent upon government subsidies. While President Obama is a big supporter of alternative energy, future governments might not be.

People and companies are becoming increasingly concerned about environmental issues so companies in this industry are poised for significant growth in 2014. However, there are no dominant players in the field so it will have to be seen who emerges as the dominant players.

In this industry, technology is constantly evolving and new developments come to market almost every year. Biotechnology can cover a wide range of areas from health-care, to the food we eat which makes this a sure spot for growth in 2014.

Some investment ideas include: Monsanto and Genentech.

This industry has taken significant steps to cut costs in recent years, as well as brought new technology such as 3D gaming to market in recent years, which makes it a sure spot for growth in 2014. Coupled with this is an increase in the number of older players, as well as more females picking up video games.

Some investing ideas include: Microsoft, Nintendo and Sony

Companies are looking to cut costs and often a way that they can do it to outsource administration to a company that specializes in that certain function. Two of the biggest examples include third-party insurance adjusting, as well as private management of correctional services.

Some investing ideas include: Aon Corporation and Corrections Corporation of America.

Dividend stock investing is one of the most conservative ways that you can invest your money in the stock market. Companies with a solid history of 10 years or more of rising dividends, low payout ratios and increasing earnings are hard to go wrong with. These stocks are especially well-suited for the buy and hold investor, who is planning on hanging on to most of the stocks in their portfolios for at least 10 years. Some companies I like that fit into this category include:

Coca-Cola, Exxon Mobil, AT&T, Medtronic, Bank of Montreal, Chevron, and Mcdonalds.

Even though dividend paying stocks are quite expensive these days with the run-up of the stock market, it's still possible to find some good deals. Look at the forward price/earnings ratio for some cheap stocks.