Looking for a review of Eric Fry’s “The Beachfront Millionaire Summit”?
Eric went all out during the event that was hosted by Mariah Bonner. They discussed his stock-picking strategy and his outlook with regards to investments.
In this review, I provide you with a summary of the most important elements of the summit as well as my verdict on Eric’s advisory service.
Keep reading below to get all the info.
Before I start…
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The Beachfront Millionaire Summit Review
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Introduction to The Beachfront Millionaire Summit
The Beachfront Millionaire Summit by Eric Fry is an event he uses to reveal how you can beat the market by following his recommendations.
During the summit, he introduces us to his stock-picking mechanism, the PRO System. He says that it enables him to avoid bad trades, show him good trades, and alert him when he should close his positions.
The PRO System works by monitoring stock or sector cycles. It divides these life cycles into four stages. By determining the stage at which a stock is in, for example, it either alerts him to buy the stock or sell it (if he already has it in his portfolio). He maps out the cycles using a chart called a PRO Chart.
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Who is behind The Beachfront Millionaire Summit?
Eric Fry is a financial editor who publishes newsletters via InvestorPlace.
Before he got into writing newsletters, he was a professional portfolio manager who specialized in international investments and short selling.
He won the Portfolios with Purpose competition in 2016 by beating 650 competitors to the prize of the best money manager.
His first foray into financial writing was with James Grant, the editor of Grant’s Interest Rate Observer. Under Grant, Eric worked on Grant’s International and Apogee Research, which provided research services to professional money managers.
At InvestorPlace, he offers two premium services: Fry’s Investment Report and The Speculator. He also writes a free newsletter called Eric Fry’s Smart Money.
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How does The Beachfront Millionaire Summit Work?
During the summit, he talks about the financial technology (fintech) sector and how it is developing rapidly.
As a result of sector growth, many companies are coming up, offering long-term growth potential.
He also talks about advances in the field of energy storage using batteries and how that will likely lead to the “Second Electric Revolution.”
In each of those industries, he has spotted investment opportunities and written about them in a report titled Three Giant MegaTrends – and Six Ways to Play Them. He will send the report to you if you subscribe to his newsletter, The Speculator.
By holding the summit, Eric’s endgame was to get you to subscribe to his service, The Speculator. The investment recommendations he is touting are just the icing on the cake.
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In addition to the free report, you get:
- Regular recommendations based on the newest trends in the market. He sends these twice or thrice per month.
- The Speculator Owner’s Manual. This guide delineates the investment strategy that Eric uses to share recommendations via The Speculator.
- A free report called The Profit Accelerator: The Options Secret to Amplifying Your Stock Gains. This report demystifies Options. It shows you how they work as well as how you can use them to amplify returns.
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How much do you pay to join The Speculator?
If you join via the link he provides at the end of the summit, he says that you only have to pay a subscription fee of $1,795 for one year of the service (down from the usual $5,000).
As a bonus, you get an extra year of the service for free. So, if you pay $1,795, you get two years of The Speculator.
The 100% Satisfaction Guarantee
Eric Fry gives you a 90-day grace period during which you can ask for a refund. But, he won’t refund your money as cash; instead, he will give you “InvestorPlace credit,” which means you can divert your subscription fee to other services offered by InvestorPlace.
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Is The Beachfront Millionaire Summit Legit?
The Beachfront Millionaire Summit is legit.
It features an analyst who beat some of the world’s most famous investors when he took part in the Portfolios with Purpose investment competition. He was pitted against some of the sharpest minds and he came out on top. He also has an impressive track record with 41 of his stock picks attaining at least 1,000%.
Furthermore, the PRO System has been tested and proven to work. During the event, Eric even reveals the wins that it has already racked up so far.
Pros of The Beachfront Millionaire Summit
- It gives you a chance to subscribe to The Speculator at a discount.
Cons of The Beachfront Millionaire Summit
- Eric won’t give back your money if you cancel your membership to his service. He will allow you to use it on other services offered by InvestorPlace.
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The Beachfront Millionaire Summit Verdict
If you join Eric Fry’s service, The Speculator, he promises to regularly provide you with investment recommendations that deliver large, market-beating gains. To achieve this, he has a system (called Pro System) that allows him to pick the right trades and remove the unpredictability normally associated with trading.
That being said, I would advise you to not take his words literally. Should you join his service, always examine his recommendations before you execute them to ensure that they fit your investment strategy (develop one beforehand). That is important because his recommendations are not personal advice.
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:
Go here to see my no.1 recommendation for making money online
(This is a 100% free training)
David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.