In today's show, Doug talks about investing in technology. Despite the risks involved in technology investments, there may be subdomains within technology that can be good returns. A few of the big picture domains include:

• Semiconductors or chips: basically, anything that has a chip inside. This industry is worth millions, if not billions, of dollars.
• Software: from Facebook to Twitter to your operation system, everything runs on a code that someone wrote.

When investing in technology watch out for:

• Tech stocks are often traded at a premium compared to other market categories because of expected above average growth rates.
• Tech companies often do not have profits - sometimes they don't even have cash flow!

There are many investment instruments you can use if you decide investing in technology is in congruence with your risk tolerance level. Technology stocks want to make the world better. Can they also improve your investment returns? Dr. Peter Diamandis, Chairman and CEO of XPRIZE, and Best-selling author of Abundance and Bold, explains why he thinks that the world is a much better place than it used to be. People are living longer, and personal incomes and living standards are higher than they have ever been. But is Diamandis too optimistic? Should all of this good news be tempered with great caution? Hear Diamandis respond to that question and also explain what areas of the economy are most likely to grow in the near future. Follow Peter Diamandis and his great ideas for improving the human condition with incentive prizes and other projects here: http://diamandis.com/ http://singularityu.org/ http://www.xprize.org/ https://herox.com/about