Pets have been around forever and may not seem NexGen, but trust me, there is a lot of money being made in this space. Americans spend more per year on their pets than they do on men and boys clothing and alcohol. I’m not a pet kind of guy, but I am very open to making money off of the companies that are profiting from the obsession with little (and sometimes big!) animals. Three of the pet stocks I follow just recently reported blockbuster earnings, so in today's article we'll talk all about the budding opportunity here.

One of the most common questions I hear is, “How do I manage risk in this market?” I understand why I hear it so frequently. The bulls have been running the market to high after high this year, and many are concerned about whether this momentum can last. If it doesn’t, they don’t want to be left with a wiped-out portfolio. In the end, there is no perfect risk management strategy, but in this article we'll talk about the one I like to use.

I've already told you there is big money to be made in the next great companies leading the way in the powerful mega-trends sweeping our world. I've also mentioned that Wall Street ignores these companies because it means doing things differently. That’s fine. It makes for an even better opportunity for us. Today, I want to show you exactly what I’m talking about, or to paraphrase the famous line from Jerry Maguire, I want to show you the money! We’ll look at three sectors, and I’ll contrast the next-generation way to make money with how Old Wall Street is still investing.