Gold

Uncle Sam already runs a big deficit and, over the past three years, has been throwing trillions of dollars into the economy. Inflation will most likely catch up, and that will bring a second run on gold, which has always been the world's inflation hedge. Look for the shiny nuggets to surpass $2,000 an ounce.

ETFs

They've taken the investing world by storm, attracting more than $1 trillion in assets in 20 years. Expect them to triple that -- or more -- over the next 20, as more investors choose cheap, passive investing strategies over active mutual funds.

Stocks

Between now and 2032 will we see U.S. stocks rise 11-fold like we did from 1982 to 2000? Probably not. But global share prices will continue to increase as companies sell more stuff to more stuff-buying populations. That's called progress.

Mutual Funds

For five years, the $12 trillion mutual fund market has seen virtually no net gain in assets, just people running out of U.S. stocks and into bond or international-stock portfolios. Look for more and more name-brand funds -- and virtually every load-charging fund -- to fade away.

Bonds

Yields on U.S. Treasurys are at historic lows. And though it might take a while for them to rise again, rise they will. Since 1929, the average on the 10-year Treasury is 6 percent. Who are we to argue with history?