Is Technology the Most Exciting Industry in the World?
Today's Daily Reckoning takes a break from normal operations so we can bring you an exciting discussion on Port Phillip Publishing's latest investment service: Revolutionary Tech Investor.
Editors Kris Sayce and Sam Volkering sat down with us for a chat about living through this fascinating period in technology and business. The insights, perils and potential profits for investors are plenty, so please enjoy....
Left to Right: Sam Volkering, Callum Newman, and Kris Sayce
Callum: You guys have just launched your new service Revolutionary Tech Investor. Why now?
Kris: Any time is a great time to invest in revolutionary technology stocks. But that's even more so now. The world is at the cusp of a new technological revolution that's set to deliver untold benefits to the human race.
Right now we don't know what all of those benefits will be. It's almost impossible to accurately predict the future. However, we can make some educated guesses based on history and on the trends we see happening now.
For instance, one of the more outlandish predictions is for the human race to conquer space. And I don't just mean the odd trip up and back...or sending probes millions of miles into space.
I'm talking about tourist travel into space. I'm talking about commercial enterprises being established in space, such as asteroid mining companies. And if you think that sounds ridiculous, Sam recently spoke to the managing director of an Australian firm that plans to mine some of the resource rich giant rocks that zoom past the Earth every year.
But we're not just looking at the big and brash projects, we're looking at the small projects too - the medical and technological advances that are taking place at the molecular level. Specifically the work scientists are doing with stem cells and DNA.
When you get down to that level the innovations are mind-boggling, such as the potential for doctors to grow and repair damaged tissue or replace organs without the need for patients to go on lengthy and often futile waiting lists. That's revolutionary.
Sam: That's right. We're really at the doorstep of a huge shift in the way civilisation operates. We're talking massive leaps in biotechnology, robotics, molecular technology, energy, computing, all happening now and increasing at unbelievable speed over the next few years. That's why now is the right time to find out what are the best companies to be involved in for this upcoming revolutionary period.
Callum: As far as we know, there's no service like this in Australia. What should subscribers expect from RTI?
Kris: Most analysts and research firms have a two-dimensional view of Australian investors. They assume that because the Australian market is dominated by banking and resource stocks, that's all Australian investors are interested in.
Our feedback shows us that's not true. I've lost count of the number of comments I've received from readers saying this is just the type of service they've been waiting for.
As for what investors can expect, that's easy. It's Sam and my role to search the entire investing world for companies that are involved in revolutionary breakthroughs.
That's an important point. This service won't recommend big blue-chip companies that have already gained market dominance. So you won't see a tip for Google, Facebook or IBM - not unless these firms come up with a genuinely revolutionary new product that could transform their business.
Sam: We're bringing to readers a viewpoint that too many don't have in the Australian marketplace: a positive outlook. Technology and innovation drive the advancement of civilisation; we're looking at the here and now, but also for trends and technologies that will shape our future. The work we're doing is looking for technologies that will make lives better and bring something to the world that's never been done. That's why it's Revolutionary Tech Investor not Same-Same-But-Different Tech Investor.
Kris: Not only that, but contrary to belief, the Australian market is rich with revolutionary stocks. Sure, the depth isn't what it is on the US market, but there are many opportunities right here. Our first issue of Revolutionary Tech Investor highlighted this by recommending a stock that is set to be the global market leader in its field.
Callum: Can you elaborate on how you think Australia compares to the USA?
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