The way we live our lives changes every generation. A couple of decades ago it was all about going out and doing fun things like going to the movies or clubbing. Now staying at home is seen as 'the big night in'. Netflix and Tinder have changed what people in their 20s do.
It also doesn't help that the current young generation are the least likely to have found a job and have the highest student debt. This leaves less money to spend on going out.
These changes in lifestyle will flow through to many ASX-listed businesses. For some it could be a problem, for others it could be an opportunity.
TPG Telecom Ltd (ASX: TPM)
TPG has grown into Australia's second biggest telecommunications company after a few acquisitions.
The business is laying the foundations for the next stage of growth as it develops its mobile networks in Australia and Singapore.
Aussies are becoming even more dependent on the internet for a lot of things so TPG should be a solid utility choice from the current price of $5.24 per share.
TPG is currently trading at 13x FY18's estimated earnings with a grossed-up dividend yield of 2.73%.
Kogan.Com Ltd (ASX: KGN)
We are doing more of our shopping at home as a country. Kogan is the only real one-stop-shop in Australia at the moment, at least until Amazon arrives.
The business has been growing sales at a very impressive rate and that should fall to the bottom line in the next few updates.
However, it's not a bargain trading at 93x FY17's earnings.
Domino's Pizza Enterprises Ltd (ASX: DMP)
Domino's has had quite the fall in recent months.
I think the business has long-term potential with exciting international growth plans. It's always thinking of new ways to get pizza to our door quicker. Lookout for drone delivery in the future.
Despite the current problems, I think Domino's will convincingly beat the market over the next five years.
It's currently trading at 30x FY18's estimated earnings with a partially franked dividend yield of 1.98%.
Foolish takeaway
The above ideas may not be as strong as an investment in Alphabet Inc, but I think they are all good ways of profiting from changing trends. At the current prices, TPG is clearly the one trading cheapest because of how high the price/earnings ratios are for the other two.
