Part of the charm of the early 1970s sitcom "All in the Family" was Archie Bunker’s open contempt for the bad news delivered by Walter Cronkite each evening on his CBS daily news broadcasts.
As Cronkite would go through the often-dismal news reports, Archie would re-act with raspberry snorts of frustration and contempt.
Forty-odd years later, I react just like Archie when I watch the news and hear politicians, news commentators and economic analysts predict doom and gloom.
Unfortunately, predictions of stock market crashes, social unrest and domestic crisis have become so dominant in our culture that optimism and optimists have become the exception rather than the norm.
I get particularly frustrated when they attempt to prognosticate the impending end of U.S. technological, medical, social and economic dominance.
Despite revolutionary technological developments, medical breakthroughs and downright mind-bending innovations and discoveries, there are more doomsayers and what I call "flat-earthers" than ever.
And they continue to distract people who are looking for something good not just to invest in, but to believe in.
Don’t listen to them. Today I’m going to tell you about some stocks and sectors that are filled with equal amounts of promise and profit potential.
A Round Earth Filled With Potential
Hundreds of millions of these "flat-earthers" deny human evolution, ignore scientific evidence and rail against technology with an intense religious fervor.
Personally, I take tremendous comfort in my own certainly that, within the next two or three decades, the vast majority of these people will sink into political, social and economic irrelevance.
Meanwhile across the U.S. — in kids’ bedrooms, garages, dens, dorm rooms and classrooms, in every part of the country — American genius is building the foundation for the next great leaps for mankind in literally every science and every subset of engineering.
As a result, they are creating the intellectual collateral that will deliver the greatest economic boom in history that will make our United States the most-prosperous, technologically advanced civilization in human history.
Consider the great leaps of computing power, complexity and efficiencies that started with the invention of the microchip. It has created tens of trillions of dollars … and entirely new industries and amazing economic efficiencies.
The microchip has dramatically expand the limits of the sciences.
But we haven’t seen anything yet.
Get Ready For Future Shock!
Change that would have once taken decades is now developing in just a matter of years — and in some cases, just a few months.
At the center of this explosion of innovation: Thousands of young geniuses armed with supercomputers they can buy in just about any big-box retail store.
We are moving rapidly from a world with a few geniuses like Steve Jobs, Bill Gates and Elon Musk to a world with millions of geniuses focused on transforming the stories of utopian science fiction to everyday reality.
These will alter our minds, our intelligence, our memories, our metabolisms, our personalities and even our lifespans.
In the last 12 months, some incredible computer technologies have been developed using diamonds that will allow computers to be shrunk to the size of a pin and forever eliminate the problem of computers overheating.
Consider 3D printing. In a few years, the real power of innovation will literally change the entire supply and manufacturing chain.
Intellectual property rights will soar in value for everything from the design of screwdriver to the perfect recipe for the beef lasagna. 3D printers will manipulate matter so efficiently that virtually anything you want will be created in hours, minutes even seconds … by simply downloading the design, recipe or blueprints.
Companies like 3D Systems (DDD), Stratasys Ltd. (SSYS) and Hewlett-Packard (HPQ) will likely double and redouble in share price.
Here’s what my Alpha Scorecard, which values companies on a free cash flow basis, has to say about DDD …
From DDD’s current level of $35, the Alpha Scorecard projects a potential 111% rise to $72 in just the next 12 months!
Traditional tech isn’t the only segment getting a reboot …
Creative Medical Technology
What medical professionals have learned about treating acute illness will be able to be applied on a much-broader scale to vanquish illness, disease, starvation and poverty … and even prevent it.
One company, Exact Sciences (EXAS), has developed a new medical technology that could eliminate as many as 80% of the much-dreaded colonoscopies in the world.
In the process, it could save literally tens of millions lives in each of the approaching decades from colon and prostate cancer.
New Fuel Technologies
New fuel technologies are already under development to make the U.S. 100% energy-independent.
Yes, we have already have enough shale oil and natural gas to last far beyond the end of this millennium.
But new discoveries will likely make wind, solar and even cold fusion much more-efficient, environmentally safe and cost-effective sources of energy.
The discoveries connected to cold fusion (nuclear fusion at room temperature) alone announced by Lockheed Martin (LMT) may well lead to a supply of limitless energy that will render fossil fuels archaic.
The best part of the coming leaps in technology and science will allow informed investors— like you and me — to retire with a historically high degree of security and wealth.
That’s something we’re going to need as the human lifespan jumps by 20, 30 even 50 years!
People who hear about what I expect to happen on all fronts including science, medicine and technology in the next 20 years they literally look at me — and often tell me — I’m nuts!
When I share my belief in the tremendous leaps that we are going to experience with friends and acquaintances, they often ask …
"Aren’t you a gold bug? James, don’t you preach buying gold and precious metals as a hedge against economic crisis and social chaos?"
Yes, buying precious metals to hedge against economic crisis and social chaos makes sense. But I recommend precious metals and investment-quality rare coins as only 10%-15% of any investment portfolio.
Any more than that is just silly.
I also recommend gold because I believe that more than $150 trillion will flow into the world’s financial markets by the end of the next decade — while the actually supply of gold, silver and platinum will grow — just incrementally.
This vast new wealth that will be created by the explosion of new technologies and scientific breakthroughs will chase essentially the same amount of gold, silver and platinum.
Predicting gold will jump to $5,000 in the next decade, even $10,000, doesn’t take any real genius — just the insight that worldwide wealth-creation in the next 20 years is going to explode.
I believe the bulk of your investment dollars should be solid technology, biotechnology, and a broad range of different sciences and alternative energy stocks.
To better understand the amazing world that’s emerging, that our doomsayer media is ignoring to focus on doom and gloom, I recommend…
Every Investor Read This Book …
My wife says I must have recommended Ray Kurzweil’s 2005 New York Times bestselling book, "The Singularity is Near," to every person I’ve met since reading it.
Ray Kurzweil is America’s leading futurist. He is an author, inventor and a director of engineering at Google (GOOGL). Kurzweil is involved in fields like optical character recognition, text-to-speech synthesis, and speech-recognition technology like Apple’s Siri.
Click the image to hear author Ray Kurzweil detail the technology timeline leading up to 2029.
"The Singularity is Near" isn’t an investment book or even an economics book — but I consider it essential reading for every investor looking to get ready for the world to come and America’s next great leap.
Kurzweil describes "The Singularity" as a future utterly different from anything we can imagine. Written eight years ago, you’ll see some of Kurzweil’s predictions are already coming true. It’s worth the read to better understand his predictions for the next 40+ years.
The future Kurzweil describes has supercomputers accelerating change — making centuries of progress happen in only a few years.
The remarkably rapid innovation Kurzweil predicts will change the world and enrich our country.
"The Singularity" gives investors a broad outline of what is coming. Artificial intelligence, fantastic innovation, new wealth and much healthier, longer lives are right around the corner. Those who invest in this bright future now will be the ones who prosper.
Read Kurzweil’s book — then reflect and invest accordingly.
The world may always revolve around predictions of doom and gloom, but it will be the optimists who will make the real money going forward.
Always Watching Your Chickens,