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Thursday, March 28, 2024

HOW TO MAKE A TRILLION DOLLARS ACCORDING TO JAMES ALTUCHER

Courtesy of The Crosshairs Trader 

JAMES ALTUCHER

James Altucher has some ideas for how we can make a trillion dollars.

This past Tuesday, I attended a seminar hosted by Altucher entitled “How To Make A Trillion Dollars”.  I loved it, if for no other reason than to have some really good laughs as Altucher is a refreshingly entertaining speaker. But laughter aside, Altucher presented some very good ideas, most of which you can find detailed in his new book The WSJ Guide to Investing in the Apocalypse.  You can also find Altucher sharing his thoughts at Altucher Confidential, his popular blog on the StockTwits network.

Brushing aside pointless forecasting of apocalyptic doomsday scenarios as last week’s news and choosing instead to focus on how to profit from the fear, Altucher shares the following thoughts on how to make your first, or next, fortune:

1.  PANDEMIC SCARES:  look at drug companies such as GSK and SNY.  Think drug vaccines.

2.  GLOBAL WARMING:  CCJ, the largest producer of uranium.

3.  HURRICANES: CPB, HRC, NUE.  Hurricanes produce the need for more canned food, medical instruments and supplies, and steel for rebuilding.

4.  HYPERINFLATION: GLD (good), and SLV (better).  Enough said.

5.  CLEAN WATER: FLS, TTEK, and DGW.  Think CLEAN water!  Everyone needs clean water.

6.  TERRORISM:  VRNT and NICE.  Intelligence solutions.

7.  BABY BOOMERS:  DNDN, TEVA, and JNJ.  The aging population’s health will be an issue.

Trillion?   I would be satisfied with an M or a B, wouldn’t you? 

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