The S&P 500 could soar another 4,000 points higher this year on the coattails of advances in the tech industry, Matt McCall, founder and president of Penn Financial Group, said on the CNN Business' digital live show Markets Now.
Artificial intelligence, 5G networks and the internet of things are among the inventions that will create trillions of dollars in economic value in the next years, he said.
Investors concerned about a near-term market correction should leave their worries at the doorstep: "Will there be a correction? Yes, absolutely in the next 10 years," McCall said.
There's no reason not to buy in now.
"You want to be buying new highs," McCall said. "Being out of the market at the moment is one of the biggest mistakes you can make."
Sitting on the sidelines because investors don't like the current administration or worry that the market might be overvalued is no reason to miss out on profits, he added.