6 market waves worth riding

• No new trades.

My job is unique in many ways, but getting people excited about stocks and industries before everyone else catches on is possibly the toughest part of what I do for the thousands of ChangeWave Investing subscribers.

You'll get a sample here in Strategy Lab over the next six months. If I can't get you pumped up enough to commit your hard-earned capital to these transformational industries and companies around the world before everybody else does, then you'll be leaving all of the profits on the table for others to snatch up.

Let's face it, you're not going to beat the market -- or crush the market like we've been doing at ChangeWave Investing -- by waiting until everyone finds out what we already know.

Halftime report

The results are in for the first six months of 2007, and we deserve a slap on the back. The S&P 500 ($INX) was up about 8.7%, with another 1.5% in dividends. Our equally weighted list is up about 18.75%. Add in our dividends of 2.6%, and we're up about 21%.

In other words, we doubled the market.

If you allocated your money the way we advised our subscribers to -- overweighting some parts and underweighting other parts -- you'd be up 25% for these first six months. That's a 50% annualized return, meaning your money doubles approximately every 1.6 years.

Even though we had a great first half of '07, that's not the point of today's journal. We're on a roll and the market's having a great run, but it's not just our white-light LED plays, solar plays and Canadian energy trusts that have done well -- there are a lot of ways we're going to continue to beat the market in the second half of the year. And that's what I'd like to talk about today.

(This reminds me of a Barclays advertisement where the firm celebrates becoming the top investment bank and then has to go right back to work. Well, that's the way we feel about our first-half results. We're very excited, we celebrated for almost half an hour, and now it's time to get back to work.)

I know a lot of you are still jonesing for 25% or 50% returns and would like to double your portfolio every couple years. Think about how much better your retirement would be if you doubled your portfolio, and then doubled it again. You can do just that -- I've seen it happen. We have tens of thousands of people who are doing it right now. Get in the game and join them!

What lies ahead

In the next few months at ChangeWave Investing, we're going to restock the shelves, if you will. We're taking profits on a number of stocks -- we've already sold some in the past few weeks -- and we're going to build our portfolios in areas like wind power, for instance. I'll look in the same areas for my Strategy Lab picks.

Let's review some of these new waves we're going to ride:

1. Alternative energy wave

We've dabbled in wind power, but I'm planning to add two or three key nut-and-bolt plays to our "buy" list. You want to be in on this because wind power is a business that's sold out for the next three or four years.

Also, we've made a ton of money in solar power, but there are some new IPOs coming out and there are some other ways to play this solar wave.

2. MRAP wave

Next we have new plays involving Mine Resistant Ambush Protected (MRAP) vehicles that are helping keep our brave men and women from getting blown up by IEDs in Afghanistan and Iraq.

This $20 billion wave of spending is larger than anything I've ever seen in the military during such a short period of time.

3. Clean water wave

One of the issues people are concerned about in many areas of the world is clean water. We're finally starting to see some spending in water all over the world.

We will be taking advantage of this wave through one or two different plays involving companies with very specific technologies.

4. Biotech wave

Now let's turn to medical breakthroughs: The RNAi therapy we've been investing in has certainly proven to be the next big thing in medicine. We have a couple of plays that we love and are very excited about.

We're also adding some plays in other companies with key technologies that I call the Amgen's (AMGN, news, msgs) of the future.

5. 'Chindia' middle class wave

And, of course, we have to talk about the trillion-dollar wave of spending coming from a growing Chinese and Indian middle class. Hundreds of millions of people who want things like roads and electricity, plus everything Americans want: two cars, a flat screen TV, laptop computers, a nice home, a college education for their kids, etc.

And they're probably going to have a divorce rate like ours, too.

6. Jetliner wave

Boeing (BA, news, msgs) is producing the new 787 Dreamliner, and they are sold out through 2015. There is a similar situation with Airbus.

There are some fortunes to be made in this huge wave -- not so much in Boeing, but in some other players, and we're going to be there.

Get in the game

When you start doubling your portfolio every two to three years you can make your dreams come true: the new home, the second home or the retirement you want.

But to do this, you've got to be playing now while we're so hot. These markets don't come all the time. It's certainly here for the next two to three years, but beyond that I couldn't tell you.

We are guided by our ChangeWave Alliance research as we continue to expand our horizons -- meaning we're on the lookout for the niche companies and sectors in which we can double our money every two to three years.

I've got to be a stock market cheerleader because you're going to hear all sorts of bad news this summer about subprime loans. You know we're going to get a pullback, but it's that pullback that gives you the next great buying opportunity.

The way you make market-doubling and market-tripling returns every year is to be ahead of the crowd. Get in on the new stocks we're adding to our ChangeWave Investing "buy" list now -- you'll get a sample here in Strategy Lab -- before everybody else catches on.

If doubling your money every two to three years and earning tons of dividends floats your boat, then come aboard, because doubling the market every year is what we're all about.

Who wouldn't want an earlier retirement, or a better retired life (sitting around smoking cigars and drinking mint juleps)?

If you're not on the gravy train yet, I want you to be there. You've got to be in the right places at the right time at the right price. That's what we're all about. Get on board and join us.