18 - North Shore News — Sunday, July 30, 2000 Some fips YOU can take your money out of the mat- tress now — at least that portion of it that you have designated as “risk capital.” There are new and emerg- ing sectors of the economy that will see tremendous growth over the next six munths er more. In the first part of this series on 10 trends to watch for in the | investnen futures second half of this year, 1 offered my opinion on what five of those’ sectors might Summer is here, so put your mind at ease with our Special offer. LUBE, pli, FTE it necessary SP4 sw | ‘includes oll & filter .... 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Each is only one of the players in this sec- tor and will require due dili- gence on your part te decide whether or not it is the right investment vehicle for you. And even if you do decide that a given company belongs in your portfolio, you obvi- ously cannot invest in the pri- vate companies yet, but read- ing about them now will put them on your radar screen. Business to govern- ment/consumer to govern- ment electronic commerce: There are a few interesting companies doing work in this area, both around infrastrue- ture and specific implementa- tions for government agen- cies. A couple of interesting, examples are two private companies —— Govworks.com and Ezgov.com — both of which can reasonably be expected to be taken public at some point. M-commerce (a.k.a. Mobile eCommerce): According to Forrester Research, Mobile eCommerce will evolve over the next chree years as providers enhance their data capabilities and migrate from pure voice services to mobile information and, ultimately, mobile eCommerce. “Smart carriers will partner with Suffer toda WHY go into business or make an investment to lose money? You wouldn't — unless you had a “reasonable expecta- tion of profit” in the future. Employees in particular get few tax breaks. They (and oth- ers) like the idea of borrowing to invest so loans and other costs exceed investment income. They then deduct this loss and save tax. For example, borrow to invest in revenue property, mutual funds er stocks. Or start up a sideline business. In the best of all worlds, isit our website at you incur losses while you are in a high tax bracket and save maximum tax (up to about 50% of your iosses). Your investments or the business start to show profits down the tack, when you are working less or otherwise have innovators to deliver com- pelling content to mobile users while unrestricted and open access to the Internet is ensured,” suggests the research organization. Companies to watch in this sector include Nokia (NOK), AirFlash, Citigroup (C), SmarTone (315), Sonera (SNRA), Netscape, NTT DoCoMo and Visa International. E-commerce outsourc- ing: To meet the challenges of quickly and easily enabling e-commerce, a number of companies have developed packaged products and ser- vices to quickly provide an “online cash register” that is credit card ready. Microsoft (MSFT) (through its bracket. So vou pay less tax on your investment income and ins. Remember, there's no magic about losses. Deduct a $1,000 loss in the 40% tax bracket and you are still $600 out of pocket. You typically incur losses because you don’t have enough money to pay all cash for your investment(s) and so you borrow. Or you must spend to establish a new busi- _ness before it starts to produce income. . If you expect losses in the - early years of your investment Microsoft Passport initiative), Novell, IBM (IBM) and a range of smaller start-ups are ali players in this sector, Coming in part three of the series: A run-down on companies in the eCRM and online business exchange sec- tors as well as a look at five new sectors: corporate portal providers, fiber-optic compo- nents makers, e-rescue com- panies, mass storage providers and Web-based training firms. — West Van resident Geof Wheelwright is C.0.0. at . Wheelwright has more than 18 years of experience in working with technology companizs, ers, magazines, book . television and radio the total, after-tax income/profit. And ask: will this future black ink more than cover today's red ink?-. - If the answer is “no” or only “maybe,” why would you commit your money? Realize . the tax person might ask the same questions. Uuless you can document that all-impor- tant “reasonable expectation of profit,” the tax department could disallow the losses you have claimed. . Mike Grenty is a columnist and financial adviser. ontine at . independent yperenal isit him www.brightest-idea.com