Market Saturation

This morning on the bus ride to work I was bored and suddenly the urge to blog came over me. Sadly my swiss army knife of phones, the blackberry bold, doesn’t have internet access unless I am close to an open wifi hot spot. I started thinking about things I could write about and instead of blogging emailed sophie about them. The Bold is still useful it seems.

Lately I’ve been thinking about saving my money. Better yet, investing my money for some returns on my saving. I’ve been googling, facebook messaging and I even bought MoneySense magazine because the cover screamed at me after the night before I was thinking about RRSP’s. The cover read, “Rebuild your RRSP” with the letters RRSP in big bold font covering most of the picture. I’ve read much of the magazine on a subsequent bus ride and it got me even more into the investor suit. So this morning while I am bored on the bus thinking of things I could be blogging about had I had internet access, and in my investor mind set i noticed. iPod, iPod, iPod everywhere. Nearly everyone on the bus had some version of the iPod. Even as they left the bus another person came on with an iPod to replace the recently vacated place in my running count of who had one. No less than 70% of the bus riders at any given point had an iPod.
Guy beside me, iPod touch. Fat guy across from me iPod nano, which looked very small in his meat slab hands. Slightly odd woman beside him ,classic iPod.
Now that is a saturated market. The iPod has been resistant to any kind of racial, social or monetary block. People from all walks of life invariably have an iPod. 10 years ago when Apple was in the toilet who would have thought a music player would save them and give them PC like control over the portable device market.

What an investment that would have been. Buy into Apple at rock bottom prices then watch your money balloon into some sort of B-movie like monster because of a credit card sized device that holds and sorts your music and is portable enough to bring your entire library with you wherever you go. It may sound like I’m an iPod fan-boy, but the fact is i love my 5th generation iPod. I would’ve loved it even more if I had the funds and foresight 10 years ago to invest heavily in Apple.

As I continue to think about investing, I realize the time may becoming to jump in and get my feet wet and my dollars working. I suppose alot of it is chance, alot of it is luck and alot of it is research which you hope leads you into a chance with luck.

I sent off my email to Sophie after ranting about all the iPods then put my phone down. The lady beside the fat guy across from me was pulling out her blackberry. The girl in the row behind me had one too. Maybe its time to start prospecting future RIMs.