After 38 years of working from home, my workstyle is finally “in.” You might know it as the “gig economy.”
Whether I call myself a freelance writer, independent contractor or solo entrepreneur, I am considered a “gig worker.” And the idea behind the gig economy is to not be tied to a single job or even a skill. Instead, gig workers can toil for anyone, from anywhere, and are constantly on the lookout for new money-making opportunities.
Playing the new trend isn’t as easy as just buying first-to-mind gig economy stocks like Uber Technologies (UBER) or Lyft (LYFT). They’re no longer the bleeding edge, says David Dziekanski, portfolio manager and partner at Toroso Investments.
Toroso is an advisor on the SoFi Gig Economy ETF (GIGE). Companies like Uber and Lyft are “out,” Dziekanski says, because in “the next stage of the gig economy you will no longer need large intermediaries to be a platform for your voice.” Everyone is truly an entrepreneur. The platforms that win will be those that enable you to work for many different employers, even in different kinds of jobs.