The Empire SPAC Investor is an investment advisory service being offered by Empire Financial Research.
You have probably encountered it in a pitch or in one of the emails they send and are having trouble deciding whether or not it will be worthwhile.
If you are undecided about it, I wrote this article to give you an overview of the investment strategy that Enrique and his team use as well as outline the benefits you get when you sign up for it. Hopefully, you will be better informed after reading this.
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What is Empire SPAC Investor?
Empire SPAC Investor is an investment advisory service that is published by Empire Financial Research. It is edited by Enrique Abeyta.
On the Empire Financial Research website, they describe it as follows:
“Empire SPAC Investor is a long-term, buy-and-hold service focusing on special purpose acquisition companies (or ‘SPACs’).
Each month, editor Enrique Abeyta sends subscribers his favorite investing idea in the SPAC universe. He believes that a diversified portfolio only needs 10 to 15 stocks, so he’s ruthlessly selective when making recommendations, focusing only on his absolute best ideas with the potential for multibagger returns.”
The main feature of this advisory service is a monthly newsletter that Enrique publishes every second Wednesday of the month.
Here are the other features of the newsletter:
- It recommends SPACs of all kinds. It even dabbles in warrants and shares of recent SPAC mergers
- Enrique focuses on long-term investments.
- The typical holding period ranges from a few years to a decade.
To understand how the service works, you need to get the gist of how SPACs work.
What are Special Purpose Acquisition Companies and how do they work?
SPAC is an acronym for Special Purpose Acquisition Company.
As the name suggests, it is a company that can turn a private company public without having to go through the regular IPO process.
Investopedia defines a SPAC as a company that has no commercial operations that is formed to raise money through an IPO with the intent of acquiring an existing company (the startup). SPACs are also known as “blank check companies.”
It is a loophole for startups that don’t want to jump through hoops to go public (given how hectic IPOs can be).
The private company goes public by merging with the SPAC thus allowing investors to buy shares using a regular brokerage account.
In the past few weeks, private companies that are about to go public have been getting a lot of attention. A few investment gurus have even endeavored to show their followers how to make the most of those opportunities. A few recent examples include Teeka Tiwari’s Freedom 2021 and Jeff Brown’s Pre-IPO Code.
Unsurprisingly, SPACs have been getting more popular because they offer an alternative route to private companies to go public.
As a retail investor, one advantage of investing in SPACs is that you don’t have to worry about being accredited or non-accredited – although the JOBS Act that President Obama signed into law in 2012 now gives non-accredited investors access to startups.
You also get to purchase shares of private companies that you’d otherwise have no access to. The best startups are usually out of reach for everyday folks.
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Who is Enrique Abeyta?
Enrique Abeyta is a money manager, an investment analyst, and an editor of financial newsletters. He is on the editorial team at Empire Financial Research where he edits Empire Elite Trader, Empire SPAC Investor, and Empire Elite Growth.
While he was schooling at the Wharton School of Business, he was one of the early founders of the Wharton Fellows Fund – it is an endowment investment fund that is run by students. He also went to the University of Pennsylvania.
After graduating cum laude, he spent the next 20 years of his life on Wall Street. He founded and managed two long/short hedge funds. In 2000, he co-founded Stadia Capital and worked as the portfolio manager where he headed the investor team and managed more than $750 million. He founded and managed other hedge funds.
Abeyta claims to have had such an impressive track record that he outperformed the S&P 500 for ten years. He also asserts that he made money during the bear markets in the aftermaths of both the Dot Com Bubble and The Global Financial Crisis.
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What you get when you join Empire SPAC Investor
When you subscribe to Enrique Abeyta’s Empire SPAC investor, you receive:
- A full year of monthly newsletters each with new SPAC recommendations. Enrique explains how he found them and how much money he expects to make from them. He shows you how to trade through an ordinary brokerage account as well as how to buy or receive warrants. He also sends you email updates showing you how to lock in your gains or add to your position.
- Access to Enrique’s model portfolio. This is a list of SPACs that he has recommended to his readers.
- Access to the SPAC Deal Room. You get to watch behind-the-scenes interviews of the best SPAC dealmakers in the business. You get unique insights on SPACs that most other people don’t hear about until it’s too late.
- Access to Enrique’s SPAC investing master class. This is a series of videos wherein Enrique shows you everything you need to know about buying SPACs and how he finds the best dealmakers
You also gain access to all of Enrique’s special reports for free.
How much do you pay to join Empire SPAC Investor?
If the offer stands, you get to pay $3,000 for a year’s access to the newsletter. The usual fee is $5,000.
Does Empire SPAC Investor have a Refund Policy?
No, it doesn’t offer refunds if you decide to cancel your subscription.
What they have instead is a 30-day 100% Satisfaction Guarantee policy. This means that if you cancel your subscription within 30 days, you receive the credit that you can then use to subscribe to any other service offered by Empire Financial Research.
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Closing Remarks on Empire SPAC Investor
Enrique Abeyta started Empire SPAC Investor to help retail investors navigate the SPAC market. It enables them to leverage his experience to find the best SPACs.
There appear to be many private companies that are bound to go public this year and investing in SPACs is one way of getting in on them.
Before you sign up for it, remember that the Empire SPAC Investor encourages long-term investments typically lasting anywhere from a few years to a decade.
Before you go…
Want to see my no.1 recommendation for making money online?
This made us 6-figures in the last 3 months:
Go here to see my no.1 recommendation for making money online