Welcome to my review of the Wealth Acceleration Summit, a webinar published by InvestorPlace featuring Eric Fry.
In this special summit, Eric Fry (a legendary investment analyst) talks about a shift in the American economy and why it could potentially be the key to investing successfully for the next decade. He discusses the impact of a new technology that we can invest in for big returns.
Let’s take a closer look at what Eric Fry is talking about as well as what investments he is proposing investors go for.
Before I start…
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Wealth Acceleration Summit Review
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Introduction to Wealth Acceleration Summit
Wealth Acceleration Summit is a presentation featuring Eric Fry where he talks about his new investment strategy. It has similarities with the Technochasm Summit that he hosted a few months ago that had millions of views.
At the Technochasm Summit, he was talking about how the rich have had investments in tech stocks and amassed untold wealth from it. Meanwhile majority of the people missed out on those gains because they did not invest in those companies.
At the wealth acceleration summit, he talks about the best-performing stocks in 2020 being in biotech, electric vehicles, and bitcoin mining. He explains that they did well because they benefited from the Law of Accelerating Returns.
The Law of Accelerating Returns was first talked about by Ray Kurzweil, a futurist, who described how advances in something feed themselves thus increasing the rate of further advances pushing beyond what was previously predictable through linear extrapolation.
He believes that this law perfectly describes how technological advancements take place saying that tech companies nowadays are growing at a faster rate than companies did in he past. He attributes this to the speed at which people are adopting new technologies and how it has accelerated over the years. He claims that technology now progresses exponentially.
Eric Fry says that at the heart of this is the disruptions that have been happening to the tech industry. This is characterized by the upending of the status quo by lesser-known companies that develop better technology than the incumbents.
These smaller companies then snatch the market share and their stocks soar in a short amount of time making early investors rich. He says that that is what happened when Netflix, Paypal, Airbnb, and YouTube came to the scene.
Eric argues that you need to identify these game-changing companies if you want to capture the biggest gains.
He also says that he has found the newest industry to benefit from the Law of Accelerating returns.
Eric claims that it is a “new platform” that could have an impact as big as electricity and the internet had because it will change our lives, work, and relationships. At the same time, it will also affect economies and benefit societies.
He is referring to the 5G rollout.
When the pandemic struck in 2020, 5G investments were all investment gurus would talk about. I encountered and did reviews of presentations like Fluorescent Sand, Trump’s 5G Lockdown, and Trump’s #1 5G Stock where the presenters told viewers that the pandemic was not going to slow down the 5G buildout because faster internet was needed for the massive demand being created.
These stories went away for a bit when Bitcoin and the cryptocurrency market captured everyone’s attention.
It appears that Eric Fry is back to touting 5G as a great technology that we should take seriously and invest in.
He shares one of his recommended 5G stocks for free during the presentation. Its name is Akamai Technologies (AKAM).
To get his other recommendations, you have to sign up to his advisory service, Fry’s Investment Report.
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Who Is Behind Wealth Acceleration Summit?
Wealth Acceleration Summit featured Eric Fry, one of the editors working for InvestorPlace, a long-standing financial research firm that publishes newsletters.
He has been a professional portfolio manager for more than ten years who specializes in international investment strategies and short-selling.
Eric Fry has specialized in international equities and is widely known for his extraordinary long-term track record.
Eric Fry is also known for successfully shorting numerous technology stocks in 2000 and 2001. His views and investment insights have appeared in publications like Barron’s, Time, Business Week, USA Today, Wall Street Journal, International Herald Tribune, Los Angeles Times and Money.
Eric Fry has written a book called International Investing With ADRs: Your Passport to Profits Worldwide.
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Why did Eric Fry Hold The Wealth Acceleration Summit?
The Wealth Acceleration Summit was designed to promote Eric Fry’s Investment Report. It is an investment newsletter that focuses on the latest trends. In the presentation, Eric proposes a step-by-step investment plan.
Step#1 – You will need to purge your portfolio of the companies being disrupted by the new technological innovations like 5G. Eric Fry has composed a detailed research report called The Portfolio Purge.
This report lists what Eric Fry considers to be the underperformers that you should remove from your portfolio.
Step#2 – Eric Fry has also identified what he considers to be the best 5G plays that every investor should own. He has examined the entire 5G landscape and revealed his picks that could be the biggest potential winners. All these winning companies are at the forefront of the rapid 5G buildout.
In 5G Plays Every Investor Should Own, you will get a full write-up on each company so that you will know how to benefit from the 5G buildout.
Step#3 – You’ll be asked to join Fry’s Investment Report to Benefit From ALL of Eric Fry’s Research. This will be your guide to this rapidly changing investing landscape.
Apart from these three steps, you will reveal Eric Fry’s favorite way to play the energy storage megatrend, The single best stock to tap into the coming explosion of electric vehicles, and An innovative way to participate in the SPAC trend at a discount.
Other benefits you get from signing up for Fry’s Investment Report are:
- You’ll get Eric Fry’s next 12 monthly investment recommendations via Fry’s Investment Report.
- You’ll get complete access to Eric’s subscriber-only website, complete write-ups on past recommendations, Eric’s entire model portfolio, and much more.
- Instant access to ALL of Eric Fry’s other special reports from the past
- Access to Silicon Valley Supercycle
- Access to The Eric Fry Webinar
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Is Wealth Acceleration Summit Legit?
Yes, Wealth Acceleration Summit is legit.
The strategy is brought to you by a renowned investment veteran called Eric Fry. He brings decades of experience and he has come up with this step-by-step guide so that you’ll know which investments to purge out and which investments need your focus.
He may be wrong about those choices but that doesn’t man that he is illegitimate. He is merely giving his opinion and there’s nothing wrong with that.
Wealth Acceleration Summit Verdict
The main message that comes across after watching the presentation is that Eric Fry believes that early investors of small tech companies can see big returns in their portfolios (only if they make the smart investments).
He thinks that billionaires like Bill Gates, Jeff Bezos, and Warren Buffett, who have more combined wealth than 160 million regular Americans, have been doing this and that you should learn how to do it too.
That’s why it’s critical to know how to structure your investments so that you are on the right side of the Technochasm. In Wealth Acceleration Summit, Eric reveals how to go about this and his answer is investing in small companies involved in the 5G rollout.
It is still early days with 5G stocks so we cannot tell which companies will do well in 5G. Therefore, it will be interesting to see how that works out.
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)
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.