The company that produces so many of these newsletters (Empire, Stansberry, Palm Beach Research) is coming public via SPAC.
Here is a link to the deck: https://static1.squarespace.com/static/5e81e117fb7d1e1df699db5f/t/603e0fb502294d712192f822/1614679994587/BSG_PIPE_Presentation_Slim.pdf
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Ascendant Digital ACND
Fascinating to see behind the curtain, no? It’s a pretty extraordinary business, with all that wild marketing and the reader “funnel” really at the heart of it.
Does this IPO mean anything else, can you go a bit deeper please? I mean, could this back up (spread, increase) what they do?? are there other companies with the same service that are already public?…
Are they doing it cause (1 reason) maybe when the bubble burst, people will seek them even more…
I covered that deal more thoroughly here: https://www.stockgumshoe.com/2021/03/friday-file-the-spac-to-end-all-spacs-and-a-new-gumshoe-portfolio-is-born/
Hey Travis:
Getting back to the new portfolio. I believe I read 10 stocks @ 10 k for 10 years- a hat trick. But then I thought I saw 20 somewhere. I believe you put in 2 so far, yes? Don’t want to get lost in the forest of info. These days, you miss a single day you can miss 50% or more.
$20 stocks at $5k each for five years is what I’m starting with. I don’t expect this to be a nimble way to make gazillions of dollars, but expect it to be a good experiment in holding some still-early-stage growth stocks that I really like through the next crash… since there will almost certainly be a really ugly market at some point in the next five years (whether it’s next month or in 2024, of course, I have no way of predicting, though my personal sentiment is “be a little afraid” right now).
Their emails are relentless!