Hi, and thanks for stopping by.
Today I’m going to be taking a look at Ian King’s “New Era Fortunes” service, which I discovered through a “summit” (presentation) on the Banyan Hill website.
During the presentation, Ian talked about a new strategy that could potentially 10X your money over the next year, and specifically mentions three companies he’s bullish on.
What are his three stock picks? Who is Ian King? How does the New Era Fortunes service work? And is it legit, or just a bunch of hype?
These are some of the questions we’re going to be taking a look at in this review. And hopefully what I share will help you decide if this is worth putting your money into or not.
Here’s an overview of what we’ll be covering:
- The New Era Fortunes Summit
- What Are Ian King’s 3 Stock Picks for 2021?
- How Does New Era Fortunes Work?
- How Much Does It Cost To Join?
- Who Is Ian King?
- Bottom Line – Should You Join?
The New Era Fortunes Summit
My first encounter with New Era Fortunes was through a “summit” on the Banyan Hill website, featuring host John Burke and former hedge fund manager, Ian King.
Ian King is an investment analyst for Banyan Hill and is best known for a service he runs called Strategic Fortunes (previously known as Automatic Fortunes). It’s all about uncovering big tech trends related to things like 5G, artificial intelligence, and blockchain.
In the presentation, Ian points out that many of the companies he’s recommended in the past, as part of his other services, have been larger companies.
But with New Era Fortunes, he says it’s all about finding smaller companies with a market cap of under $2 billion (AKA small-cap stocks).
He says he’s looking for “stocks that have the specific DNA needed to make you as much as 1,000% or more in as little as a year.”
The idea of 10X’ing your money in 12 months is pretty exciting, but is that realistic?
Well, it is possible to 10X your money on some stocks, especially when it comes to small cap tech stocks. And Ian does provide examples of this.
He also points out that, over the past 21 years, roughly 309 small-cap stocks produced 1,000% pre more gains with an average hold period of seven years.
When you do the math, that works out to about 15 stocks per year on average.
So there is potential, and it’s exciting because these are the types of companies Ian is targeting with New Era Fortunes. Especially since he has a track record of picking some great opportunities in the tech space before the masses jump in.
For example, he bought Tesla when it was $25 per share, Amazon when it was $182 per share, and Bitcoin when it was under $100. He also recommended Overstock.com in 2019 when it was trading at $17.
In any case, just because it’s “possible” to pick winning small-cap stocks, doesn’t mean it’s realistic to expect you’ll 10X your investments in 12 months.
In fact, it’s probably more likely you could end up losing money betting on small tech stocks, because they can be more volatile due to their small market cap of less than $2 billion.
And even though Ian does have a good track record, that doesn’t automatically mean everything he recommends is going to be a winner. Nobody has a crystal ball.
So my point being, there are risks, and this isn’t a get rich quick thing.
Anyway, during the presentation, Ian talks about how there are lots of new technologies emerging across virtually every industry in America. From farming, mining and banking, to manufacturing, retail and health care. Technology is disrupting everything.
He also mentions how 5G is going to enable new technologies like self driving cars, machine learning and virtual reality to be deployed faster, thanks to its lightning-fast bandwidth.
And that a “handful of small companies, that most people don’t even know exist, will become household names in the process.”
Of course, choosing the right companies is easier said than done. But according to Ian, the key is to “find a company with a low market cap and a disruptive new technology.”
And as the “summit” continues, Ian talks about his criteria for finding these companies and mentions that there are three stocks in particular that he has his eye on.
What Are Ian King’s 3 Stock Picks for 2021?
During the New Era Fortunes Summit, Ian King says there are three companies he’s interested in right now, that have the potential to deliver 1,000% gains in the next 12 months.
What are his recommendations?
Well, in order to find out the names of the three companies he’s recommending, you need to read his report titled “Top 3 “New Era” Windfall Opportunities.”
And in order to access that report, you need to join New Era Fortunes, for $1,995.
Yikes.
This is very common in the newsletter industry though. Investing gurus often talk about a hot stock pick they have, and reveal it in a bonus report that comes bundled with a paid service.
Fair enough… I guess. But not everyone has a spare $2K lying around. So I sometimes dig into the clues they leave in the presentation, to see if I can figure out what they’re pitching.
And in this case, that’s exactly what I did.
I’m fairly confident I have identified the stocks Ian teases in the New Era Fortunes Summit, and in the next few sections I’ll break them down one-by-one.
Stock Pick 1 (EV Battery Charging Stations)
With Ian’s first recommendation, he starts off by talking about the rise in popularity of electric vehicles (EVs) and how Tesla has been ramping up production in recent years.
And that many other auto companies are following this trend. Which could see EV sales grow by nearly 3,000% over the next couple decades.
Which, according to Ian, could make regular gas stations obsolete, and usher in a new era of electric vehicle charging stations.
Here are the clues he provides in the New Era Fortunes Summit:
This $100 million microcap produces off-the-grid, solar-powered EV charging stations.
It has almost no direct competitors, so it effectively has a first to market advantage.
Ian explains that the reason the company has a competitive advantage is because their EV charging stations are mobile and solar powered. So they don’t need to go through the process of obtaining the same sort of permits and and construction process as most other firms.
He goes on to say that:
It’s patented, EV charging stations are mobile and can be set up within minutes…
And each one is equipped with a patented energy storage system that keeps them running even when the sun’s not out.
In addition, these stations are powerful enough to charge as many as six electric vehicles at a time, including heavy duty buses and large trucks.
They’ve already set up these charging systems in 100 cities in 16 states across the country.
But that’s just the tip of the iceberg. S&P Capital IQ estimates that this company’s revenue will grow from $5 million in 2019 to $22 million in 2021.
And it’s quickly spreading out across the nation with influential customers like Honda, Google, McDonalds and even HGTV — just to name a few…
Based on Ian’s clues, my guess is Beam Global (BEEM).
Beam Global, formerly Envision Solar, was founded in 2006 and describes itself as a “CleanTech leader that produces patented infrastructure products for the electrification of transportation.”
In other words, they make EV charging stations.
One of the solutions they offer is a patented mobile charging station known as EV ARC 2020, and based on my research, this is the off-the-grid, solar-powered EV charging station Ian was referring to in the presentation.
Keep in mind, however, that the New Era Fortunes Summit was first released in October 2020, and I’m writing this in July 2021. So not everything matches up perfectly. But based on the clues he left, I’m confident Beam Global is the one.
Stock Pick 2 (IT and Cloud Solutions)
This one was a bit harder to figure out than the last one, because most of Ian’s comments about it were fairly vague. However, after doing some research, I think I found it.
Here are the clues Ian dropped in the presentation:
The second recommendation is a tiny company that could potentially take a big bite out of the projected $1.2 trillion IT solutions market in the U.S.
This $123 million company is poised for incredible growth.
It’s only been public since the end of 2017, but it’s already landed strategic partnerships with Google, IBM and AWS (Amazon’s cloud computing arm) among many other providers…
Over the past three years, it’s made 12 acquisitions … expanding its nationwide reach. This year it was awarded IBM’s 2020 Business Unit Excellence Award.
That’s in no small part due to its quarterly revenues being up 44% year over year … well over the 20% I look for.
Revenue reached $228 million in the recent quarter alone … $100 million above its current market cap.
And by 2024, revenues are expected to top $2 billion … nearly nine times higher than the current year.
There’s simply no reason this stock should be trading for under $5 a share.
Based on this, my guess is Converge Technology Solutions.
Here’s why:
- It’s an IT company servicing the projected $1.2 trillion IT solutions market in the U.S.
- It has partnerships with all of the companies listed in Ian’s presentation
- It has made more than 12 acquisitions
- The company was awarded IBM’s Business Unit Excellence Award in 2020
- Based on this press release issued by the company, their quarterly revenue was $227.8 million for the second quarter of 2020 (April to June), which was a 44% increase compared to the same quarter the year before.
- The part about revenues topping $2 billion in 2024 seems to be in line with these slides the company released as part of a presentation.
- It was trading for less than $5 per share on October 2020.
Everything matches up (more or less) exactly. There are only two pieces to the puzzle I was unable to get 100% clarity on. The market cap in October 2020 and exactly when it went public.
As of writing, Converge Technology Solutions trades on the TSX (ticker: CTS) and OTC (ticker: (CTSDF) markets. And the market cap is currently into the billions of dollars in both.
However, the share price has appreciated significantly since October 2020. And it appears as though the company has issued new equity since then. So it may well have been around the $123 million market cap when Ian made the presentation.
With respect to the date the company went public…
Ian said it has “been public since the end of 2017.” According to Crunchbase, the company was founded in 2017 and Stockopedia shows that they’ve been public since April 2018.
Nevertheless, the overwhelming majority of clues Ian provided, suggests that his second recommendation is Converge Technology Solutions. So that’s what I’m locking in.
Stock Pick 3 (Precision Medicine)
This one was the most difficult to figure out, because Ian left almost no real clues about this company, other than a few vague sentences.
In any case, here are the clues he provided:
The third stock in this report gets us into a field that combines artificial intelligence with drug discovery
It built one of the world’s first supercomputers that maps the motions of individual proteins…
When the company went public, earlier this year, it doubled its initial interest, meaning institutional investors were lining up to get a piece of the stock.
As you can see, not much to go off.
But… my best guess is that it could be Relay Therapeutics (RLAY).
Here’s why:
- The company describes itself as a “clinical-stage precision medicines company transforming the drug discovery process” on their website. And according to an article on MedCity News, Relay Therapeutics “has its own technology that applies artificial intelligence and machine learning techniques to drug discovery.”
- One of the founders of Relay Therapeutics is David E. Shaw, Ph.D. who, according to the company website, is also the chief scientist of D. E. Shaw Research. The same company that built a supercomputer called Anton that is designed to simulate how proteins are likely to move.
- According to Markets Insider, Relay Therapeutics went public on July 16, 2020.
We didn’t have a lot of clues to go off here, but considering how well this company matches up with the clues Ian provided, I think it may just be his third prediction.
Summary of Ian King’s 3 Stock Picks for 2021
Based on my research, I think the three companies Ian is teasing in his New Era Fortunes Summit presentation are Beam Global, Converge Technology Solutions, and Relay Therapeutics.
If my guesses are right… I can’t imagine Ian being too impressed with me (lol).
But the fact is, I have not joined his New Era Fortunes service, these are literally just my best guesses based on the information he provided on the Banyan Hill website.
So there’s no guarantee I’m right. And as I’ll explain in the next section, there are still some good reasons to consider joining his New Era Fortunes service, aside from just those picks. Like getting his full analysis on the companies he recommends in the report.
In any case, let’s take a closer look at what it’s about and how it works.
Recommended: Go here to see my #1 rated stock advisory of 2024
How Does New Era Fortunes Work?
New Era Fortunes is a stock advisory service run by Ian King of Banyan Hill Publishing.
The main focus of the service is on innovative small cap companies that, according to Ian, are shaping the future of America with revolutionary technologies. He says he specifically looks for companies that have the potential to 10X in the coming years.
The companies he recommends aren’t limited to any one sector. Rather, the common thread is that they are relatively small, overlooked companies that are uniquely positioned to take advantage of some of the biggest technological trends of our time.
For example, technologies like artificial intelligence, Big Data, machine learning, 5G, precision medicine, the Internet of Things (IoT), and autonomous and electric vehicles.
Overall, it sounds like an interesting strategy.
But at the same time, it reminds me of other tech-related services I’ve reviewed recently, like Disruption Investor and Innovation Investor for example. Because the basic premise is the same – find the next Amazon or Netflix before the masses in the hopes of scoring big returns.
In any case, there are some unique aspects to it, and not everyone has the same track record as Ian King, especially when it comes to emerging technology.
How does he find the stocks he recommends?
Ian says he uses a five step approach to identifying his top picks, and likens it to a funnel where he starts with the first step and continues to narrow it down from there.
Here’s an overview of the five steps:
- Tipping-Point Trend: The first thing Ian looks for is a “tipping-point” trend, he says his aim is to uncover big trends before they take off, and uses the example of video game streaming.
- Small Innovative Companies: The next thing Ian says he looks for are “undiscovered companies working on innovations to change our daily lives.” As part of this, he typically looks for companies with a market cap of less than $2 billion.
- X-Factor: I’m not sure exactly what Ian means by “X-Factor,” but my understanding is that he looks for companies with a unique point of difference and competitive advantage.
- Momentum: The fourth thing Ian looks for in a company is that its sales are increasing by 20% or more year over year, as this means its sales are doubling every five years.
- Ideal Timing: The last step in the process is to figure out when to get into an investment. Which is easier said than done, but as Ian points out, it can make all the difference.
How does the service itself work?
It’s pretty simple really, to get started you just need to signup to the service on the Banyan Hill website. And once you’ve joined, you begin receiving Ian’s stock picks.
As a subscriber to New Era Fortunes, you get up to 24 stock recommendations over a 12 month period. Each month, Ian issues a new trade alert that details one or two stock recommendations that he says have the chance to gain 1,000% over the coming 12 months.
Ian says that each trade alert comes with a detailed breakdown of what each company is about, why he’s recommending it, and what price he recommends buying shares at, so that you have everything you need to take advantage of it.
On top of this, subscribers receive 52 weekly webinar updates every Friday, where Ian updates you on what’s happening in the market, how the model portfolio is doing overall and provides insight into the individual positions he has recommended.
Lastly, you get access to the model portfolio within the members area, which contains all of Ian’s current stock recommendations. And if you join through his “summit” presentation, you get access to the “Top 3 “New Era” Windfall Opportunities” report.
How Much Does It Cost To Join?
The cost to join New Era Fortunes is $1,995 for 12 months.
That’s a considerable step-up from his other services, like Automatic Fortunes (AKA Strategic Fortunes) which costs less than a hundred dollars.
But he does market this service as a way to potentially 10X your money on some stocks within a year. So I guess you could argue it’s worth the extra money.
Is it possible to get a refund if your’e not happy?
Kinda…
The Banyan Hill website provides a “double guarantee” which makes it possible to get a “refund credit” within 90 days of joining if you decide you’re not happy with the service. You can then use that credit on another service Banyan Hill provides.
That’s the first part of the guarantee.
The second part states that “if over the next year you don’t see the chance to make at least one 1,000% gain” they’ll give you a second year of New Era Fortunes at no extra cost.
To be clear – this doesn’t mean you’re guaranteed to make 1,000% gain.
What it means is that they promise to give you the chance to see one stock 10X within the model portfolio. Or you get a second year free of charge.
Who Is Ian King?
Ian King is the lead editor of Strategic Fortunes (Automatic Fortunes), New Era Fortunes and Next Wave Crypto Fortunes.
All of which are published by Banyan Hill Publishing, which is one of the most popular financial publishing companies in the world.
According to his Banyan Hill profile, Ian started his career as a hedge fund manager, working for an investment bank called Salomon Brothers in the mortgage bond trading department.
He then began working for Citigroup, an American multinational investment bank, before moving on to work for a hedge fund called Peahi Capital based in New York, for the next decade.
In 2017, Ian joined Banyan Hill and began sharing his investment insights through the blog, with subscribers of the company’s daily newsletter (Smart Profits Daily) and with those who subscribe to his paid services.
He also shares his insights with readers of sites like Investopedia, Zero Hedge and Seeking Alpha, he’s appeared on shows like Fox Business News, and according to his profile on the Investopedia website, he’s the lead instructor of their Crypto Trading academy.
How have his stock picks performed?
It’s difficult to say exactly how well Ian’s past predictions have performed. In order to know that, you’d need a full history of everything he’s recommended from at least 2017.
And that information isn’t readily available. What I can say, however, is that he has made some noteworthy calls in his time. Especially when it comes to tech stocks and Bitcoin.
According to Ian, he bought:
- Tesla when it was $25 per share
- Amazon when it was $182 per share
- Overstock.com when it was $17 per share
- Bitcoin when it was under $100
Also, assuming my guess are correct, even some of his recent picks have seen decent returns.
For example, as of writing (July 16, 2021) both Beam Global and Converge Technology Solutions (CTSDF) are up since October 2020. Quite a bit.
On the other hand, Relay Therapeutics (RLAY) hasn’t done so well.
Either way, I think that his experience, credentials and past stock picks are enough to show that he’s the real deal. He clearly knows what he’s doing and shares useful insights with folks.
Bottom Line – Should You Join?
New Era Fortunes is an investment advisory service run by Ian King that aims to provide subscribers with stock recommendations that could see 1,000% returns within 12 months.
To do this, Ian says he focusses on identifying innovative, small-cap companies that are at the forefront of major “tipping-point” technology trends.
Once he finds these companies, he shares them with subscribers of the New Era Fortunes service each month, and strives to share at least 24 recommendations over a 12 month period.
Should you join?
On the one hand, it could be worth checking out if your’e interested in investing in smaller companies that have the potential to be the next Amazon, Netflix, or Tesla for example.
With a joining fee of almost $2K, it’s not exactly cheap, but if Ian’s recommendations help you see large gains, then that price may be justifiable in the long run.
On the other hand, it’s important to consider the risks involved. Especially when it comes to investing in small-cap tech stocks, as these can be more volatile than larger stocks.
And while it might be possible to 10X your money on some stocks, I personally wouldn’t rush into this expecting to make 1,000% gains in 12 months with everything he recommends.
You might get lucky and see a few home runs, but hoping this is a way to get rich quickly could end in disappointment, since it can be just as easy to lose money speculating in the market.
Either way, I hope you found this helpful. And if you’d like to share your thoughts or experience with New Era Fortunes, feel free to leave a comment below.
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