Continue Reading” data-reactid=”32″>Continue Reading index funds to pick individual stocks, one of the most difficult initial tasks is to decide where to begin looking for stock picks. While some fundamental filters should be applied to any search for individual stocks, such as excluding penny stocks and narrowing your search to leaders in respective industries and sectors with viable competitive advantages, there’s another filter that could help you refine your search even more: Consider buying some stocks in fast-growing industries.”

data-reactid=”37″>For investors who venture beyond index funds to pick individual stocks, one of the most difficult initial tasks is to decide where to begin looking for stock picks. While some fundamental filters should be applied to any search for individual stocks, such as excluding penny stocks and narrowing your search to leaders in respective industries and sectors with viable competitive advantages, there’s another filter that could help you refine your search even more: Consider buying some stocks in fast-growing industries.

A good company with a strong industry tailwind can help compound a stock’s returns over the long haul. Here are eight fast-growing industries worth considering investing in as part of a balanced portfolio.

Continue Reading” data-reactid=”65″>Continue Reading One industry that has seen rapid growth in recent years is software-as-a-service, often known as SaaS. This catchy name broadly refers to companies who are profiting from selling cloud-based services.

Two examples of market-leading SaaS companies are customer relationship platform company Salesforce (NYSE: CRM) and customer support platform Zendesk (NYSE: ZEN). Both companies sell access to their platforms by charging recurring fees — and both companies are seeing extraordinary revenue growth. Read more from finance.yahoo.com…

thumbnail courtesy of yahoo.com