Porter Stansberry is back and he just launched his new investing company called Porter And Company Research.
He has a couple different subscription options already and they're pretty pricey.
Before spending thousands on these products I'm sure you want to know if they're legit or a scam.
We'll answer that in this review.
Below you'll find everything you need to know about Porter And Company Research, including red flags.
Let's get started!
Porter And Company Research Summary
Summary: Porter Stansberry has been around for a loooong time in the stock picking industry.
Formerly he ran Stansberry Research but recently retired from there.
Stansberry has things to like and things to not like.
His services seem to perform pretty well and he definitely has experience.
However, he's been fined millions in the past for misleading his customers and has very manipulative marketing.
Porter And Company Research doesn't seem to be going crazy with the marketing, though.
Worth considering if you can afford the expensive fees and can stomach the no refund policy. If not there's equally as good (if not better) alternatives that are much cheaper.
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Porter Stansberry: The Good, The Bad And The Criminal
If you've spent any amount of time in the stock picking world Porter Stansberry is a name that you know.
He's been around for over 20 years and ran one of the biggest stock picking companies called Stansberry Research.
Porter has a big reputation and some people like and others don't.
You should know both sides before buying from him, though.
So here's everything you need to know about Porter Stansberry.
Spent Years Working For Awful Agora
The first thing you need to know about Porter is he got famous working for a really terrible company called Agora, who owned many investing publishers.
Agora, at one point, was the biggest distributor of investing newsletters in the world and made over $500 million in revenue.
They were widely hated, though, for their business practices.
Agora is a very manipulative and in my opinion scummy company.
For example, just last year they were fined millions of dollars for tricking senior citizens with health and finance scams:
Stansberry was in on all of these shenanigans.
Truth In Advertising does an excellent job suing companies that mislead customers and have been on Stansberry's case for years.
Here's a letter Truth In Advertising wrote them detailing all the criminal tactics they were using with their business.
The letter claims Stansberry was:
- Omitting material information (not including disclaimers that explain the risk of investing, no performance disclaimers)
- Showing testimonials that don't show typical results
- Using fake testimonials
- Misleading and false information
This is something all Agora publishers have done and Stansberry wasn't the exception.
Fined $1.5 Million Dollars For Fraud In Controversial Case
All the way back in 2002 Porter Stansberry was famously sued by the SEC for misleading his readers about a stock.
Porter claimed he knew a company, USEC Inc, that would be dismantling nuclear weapons for Russia.
He offered his readers $1000 for the name of the company.
The SEC sued him on the grounds this was just speculation and later the court ruled Stansberry made up his source for the stock pick.
However, Porter did have a conversation with the USEC Inc's director of investor relations about the deal between Russia and America to dismantle the weapons.
This case got a lot of newspaper attention because many felt the 1st amendment should protect Stansberry in this case.
Publications like the New York Times were against Porter being fined because the implication is honest mistakes could end up costing people millions in fines.
However, the Supreme Court declined to hear the case and Porter and Agora were ultimately fined $1.5 million dollars for defrauding their customers.
Funny enough USEC did end up getting a contract to dismantle the weapons and the stock rose 12%!
So you be the judge if this was bad or not.
Porter Has Performed Well In The Past
Most customer complaints you'll find about Porter is how he ran Stansberry Research.
He was a part of Agora after all.
This means insane upsells, manipulative marketing, big promises and bad customer support.
However, you won't find too many complaints about his stock picks.
Even the stock pick he had to pay a $1.5 million fine for ended up being a good one.
For example, Porter was editor for the popular Stansberry Investment Advisory for many years.
Most people agree his stock picks were well researched and many were winners.
This customer review from 2017 perfectly sums up the newsletter:
You'll notice this customer hates the marketing and obnoxiousness of how Porter runs things.. but he makes money with the picks.
The good news is the marketing seems to be less crazy at Porter And Company than it was at Stansberry Research.
What Is Porter And Company Offering?
This seems to be pretty standard investing services and as of now there's one newsletter called The Big Secret On Wall Street (This Week).
It's way to early to judge how good this newsletter is or not.
So I'm not going to be giving my opinion on it just yet (I'll revisit it down the road).
However, it does seem to operate like most other stock picking newsletters.
You get stock picks once a month along with weekly updates.
According to Stansberry these stock picks are "big picture" investment ideas.
If I know Porter, though, he'll be offering more services in the future - ones that likely cost a lot of money.
What Stocks Is Porter Stansberry Recommending?
I can't just give you all the stock picks in the The Big Secret On Wall Street portfolio because that's proprietary information.
However, I can give you SOME of the stock picks.
You see Porter markets his newsletter like all other stock pickers do.. by doing splashy stock presentations.
The good new is there's enough clues in these stock presentations to figure out the stocks.
So I have three stock picks from Porter that I can share with you and you see if these are the kind of stocks that you want to invest in.
These three stock picks come from Porter's "Boston Blackout" presentation about the US using it's natural gas reserves betters.
EQT
EQT is the first stock Porter recommends from his "Boston Blackout" stock presentation.
EQT is a large US gas giant that has big natural gas reserves in the Appalachia mountains and the Marcellus Shale.
Porter calls EQT "a great investment - as good as an investment as I have have ever found in my 25 year career."
Currently the stock sits around $41 and is up over 90% on the year:
Tellurian
Tellurian is much more risky of an investment compared to EQT.
They're currently building a pipeline called Driftwood and still need to raise billions to complete the project.
There's bigger return potential with Tellurian but there's bigger potential to lose your money.
Currently the stock is around $2.66 and is down 30% on the year:
Viper Energy Partners
Viper Energy Partners is a royalty company that has a partnership with Diamondback Energy.
The royalty interests are in the Permian Basin.
The stock us up about 40% on the year is sitting around $32:
So there you have it - you now know the three stocks from Porter's newest stock teaser.
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Porter And Company Research FAQ's
Still have some questions about this publishers?
Here's answers to any remaining questions you might have:
1) How Much Does It Cost To Sign Up?
There's two membership options..
The first is to pay an annual subscription of $1000 and you get The Big Secret On Wall Street.
This gives you monthly stock picks and weekly updates - as well as access to the model portfolio.
The second option is a Lifetime For All Products.
This will cost $5000 + $199 per year in maintenance fees.
If you get the lifetime subscription you get everything published on Porter And Company in the future.
I assume this means if he launches a new product you get access to that as well.
These are pretty expensive options and most publishers offer a very cheap product to get people into the sales funnel (usually $49 to $99),
Porter has taken a different route, though.
2) Is There A Refund Policy?
It doesn't look like it which is surprising - in the past Porter offered good refunds for his services.
But I looked in the terms of service and they state refunds will be given out on a "case by case basis" and "refunds are generally disfavored."
So if you spend thousands of dollars on these products it doesn't look like you'll be getting your money back.
3) Is Porter Stansberry Trustworthy?
There's two ways to look at it..
Porter spent A LONG time working for Agora which is a major red flag.
Agora is as unethical as you'll find and gives stock picking a bad name.
You can't have the best morals to be involved with Agora or to participate in the things they do.
So he's demonstrated he will do things at the expense of customers.
However, he also does pick good stock picks.
So in terms of just performance and stock picks he's trustworthy.
It's just up to you to decide if the extra baggage is worth it.
4) How Much Do I Need To Invest?
The stock picks don't seem crazy expensive yet.
From the three we looked at earlier the most expensive was $41.
I'd say $5,000 is a good place to start as long as you can invest money every month.
This way you can follow along with the portfolio and not have to miss stock picks.
Porter And Company Research Conclusion
So that's the end of my review of Porter And Company Research.
I hope I was able to answer all of your questions.
In the end this service is going to be similar to other services Porter has offered in the past.
If you liked his previous newsletters I'm sure you'll like this one.
The main problems I have is the price and no refunds.
$1000 is a lot of money to spend when there's no way to get your money back.
I wouldn't advise any person spend so much if there's no chance for a refund.
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