Is Jeff Bezos Big Bet Legit? [Bigger Than Amazon]

Have you heard about a presentation by James Altucher about Jeff Bezos’ Big Bet?

According to Altucher, on 29th January, Amazon Inc. is set to reveal a new global innovation that he says you can leverage for profit. He says that with the right approach, you can grow your investment 10x or even 20x in the long haul.

I watched the video to completion and did a bit of research before putting together this review in which I outline the main talking points and give my two cents on whether I think Altucher’s assertions are legitimate. 

Before I start…

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Is Jeff Bezos Big Bet Legit? [Bigger Than Amazon] 7

Jeff Bezos Big Bet Review

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Introduction to Jeff Bezos Big Bet

Jeff Bezos’ Big Bet is the title of a presentation that was recently released by Choose Yourself Financial and hosted by James Altucher to promote one of his newsletters, Altucher’s Investment Network. 

At the same time, he spends most it talking about a consequential new project that Amazon (AMZN) is working on that may create a decent investment opportunity if you know where to look. He paints it as a once-in-a-lifetime opportunity, as any good salesman would (since his main goal is to promote the newsletter).

Jeff Bezos Big Bet

So, what project is Amazon Inc. working on that, according to Altucher, will be bigger than Amazon.com, AWS, and Amazon Prime?

It all has to do with satellite internet or as he calls it in the presentation, “StarNet Universal Internet” (sometimes shortened to just “StarNet”).

He explains that Amazon Inc. intends to launch a constellation of internet satellites (low earth orbiting or “LEO”) that it will use to provide us with fast and reliable internet irrespective of location. This internet will not require cables or antennas and will be beamed directly to our internet-enabled devices.

He says that the new form of internet will change the way we travel, shop, conduct business, play, and communicate with friends and family.

Before we go any further, I should mention that Bezos’ Amazon is not the only company that has announced plans to provide us with “satellite internet.” It joins companies like Facebook, OneWeb, and SpaceX – the latter two have already even started launching the satellites.

There are rumors that Apple may also want in on the action and launch its own satellites. That much has been even discussed by Ray Blanco in his presentation titled Apple’s Greatest Breakthrough Yet.

Therefore, Altucher expects a project of that size and consequence to boost Amazon’s stock in the long haul.

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Who is James Altucher?

James Altucher is a man who wears many hats. He is an author, hedge fund manager, podcaster, entrepreneur, web developer, and investment guru.

He has started about 20 companies of which only three have survived — and taught him invaluable lessons along the way.

James has been involved in the publishing of more than twenty books and has been a regular contributor to renowned publications line The Wall Street Journal, The Financial Times, The Huffington Post, and TechCrunch.

He is the founder of Choose Yourself Financial, a publishing firm that he established to deliver investment advice to retail investors via its newsletters and other forms of media.

He also publishes his newsletters via another firm called Three Founders Publishing.

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How to invest in Jeff Bezos’ Big Bet?

Jeff Bezos’ Big Bet in the literal sense is his belief that internet beamed directly from space to our devices is the next frontier for him to conquer.

So, how does James Altucher suggest we allocate our money to benefit from the project?

He is against investing directly in Amazon Inc. — which would be the sensible choice — because he sees it as lacking room to grow. He says that with a market cap of $1.5 trillion, he doesn’t see it getting bigger fast enough.

Therefore, he has a work around: invest in the small companies that will be involved in the project. He talks of two tiny companies that will benefit from the project.

The first one makes “radiation-hardened” electronic components that can withstand the harsh conditions in space. It has worked with Amazon before and this, he believes, makes it more likely for the two to partner for the project.

Besides Amazon, it has also supplied Airbus, Boeing, and the US government with “components and systems.”

It recently went public and its value doubled in less than 100 days after the IPO.

The second company he is teasing is involved in Space debris removal. It is based in Colorado and has been working on a robotic arm that will grab the debris in space. It has an annual revenue of $2 billion.

He has written about the two companies in a report called Jeff Bezos’ Big Bet: Retire Rich on StarNet’s Universal Internet Revolution. It has the names of the two firms as well as important dates and ticker symbols. 

To get your hands on this special report, you have to sign up for Altucher’s Investment NetworkIt’s a newsletter service run by James.

As soon as you join, you will receive two other special reports for free. They are: 

  • Lunar Mining – An Exclusive Guide To Exploiting a Quadrillion-Dollar Opportunity
  • The Advantage of Micro Gravity: A $1 Trillion Investing Strategy That’s Truly Out of This World

James will also send you a free soft copy of his book, The Choose Yourself Guide to Wealth

Subscription Price to join Altucher’s Investment Network

$49/year.

Refund Policy

It has a 6-month money-back guarantee.

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Pros of Jeff Bezos Big Bet 

  • Although not to strenuous details, you learn about Amazon’s project (if you were not aware of it).
  • You get to sign up for James’ newsletter at a discount.

Cons of Jeff Bezos Big Bet 

  • James Altucher’s stock picks may underperform or even flop.

Is Jeff Bezos Big Bet Legit?

Jeff Bezos’ Big Bet is a legit presentation.

First, as I mentioned earlier, satellite internet is a real project that big tech companies have been working on. As I write this, OneWeb (one of the companies I mentioned that has been working on a constellation), has already launched 36 satellites into orbit as part of its plan to have 650 satellites in orbit providing broadband internet to people across the globe. Therefore, it is a realistic project and Amazon is working on it.

Second, James Altucher is a credible investment analyst whom we have encountered before while reviewing his services or pitches. Although that doesn’t mean that he is incapable of unscrupulous practices, it adds to the legitimacy of the presentation.

Jeff Bezos Big Bet Verdict

James Altucher put out Jeff Bezos Big Bet at a time when many experts are fixated on 5G as the next frontier in the internet business. He even went as far as say that 5G is already obsolete on arrival because satellite internet will be cheaper and more convenient.

Granted other analysts have also touted companies like OneWeb and others working with the bigger ones on internet satellites, James is in the minority.

That being said, are we any close to having satellite internet beamed to our phones? And more pertinently, will investors see returns from their investments in companies involved in the same?

It will take time for us to effectively answer those questions but the fact that big tech companies are involved is a positive sign. Companies like Amazon, Facebook, and SpaceX (and Apple?) are known to be incredibly forward-thinking. So, there is every chance that this could become a thing in the next few years.

Before you leave

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.

It’s helped me earn over $300,000 in the last 12 months alone:

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(This is a 100% free training)

Is Jeff Bezos Big Bet Legit? [Bigger Than Amazon] 7