If you received an email from Paul Mampilly about attending his 100X Summit, you’re not alone.
I received an email about this myself a few days ago, and decided to check it out to see what I could learn.
What’s it about, and is it legit?
100X Summit is basically just a video presentation featuring Corinna Sullivan and Paul Mampilly of Banyan Hill, who use it to promote a $10,000 investment subscription called 100X Club. It’s not a scam, but the strategies are not going to help you get rich quickly, and there are risks involved.
Read on to learn more.
What’s 100X Summit About?
100X Summit is not really a “summit”, it’s a video sales presentation. And as with most of Paul Mampilly’s presentations, it’s designed to sell you something at the end.
That doesn’t make it a scam, but I do think it’s important to be aware of this. And the fact that, just as Paul is a very knowledgable investor, he is also a clever salesman.
So, what’s the presentation about?
It’s basically an interview between Corinna Sullivan and Paul Mampilly that goes for about an hour and twenty minutes, about Paul’s 100x investment strategy.
The presentation can be broken down into three main parts:
- Beginning: Corinna talks about how amazing Paul is.
- Middle: Paul and Corinna go back and forth about Paul’s new investment strategy and how it can make you 100x (or 10,000%) returns.
- End: Paul segues into pitching 100X Club, his $10,000 subscription.
I personally found the beginning of the presentation hard to watch, because it’s basically just Corinna talking about how amazing Paul is and how he’s such a big deal.
Which is kind of similar to what Jeff Yastine does in Paul’s Rapid Profit Summit presentation.
Anyways, after almost 10 minutes of this, Corinna finally introduces Paul and the two begin discussing further how amazing Paul and his new strategy is… in more detail.
Thankfully, there is some worthwhile content within the meat of the presentation, where Paul actually explains what his 100X strategy is all about and how it works.
To sum it up: Paul’s 100X strategy revolves around investing in publicly traded (niche) companies that he believes are going to dominate their respective industries. He specifically looks for small cap stocks with a share price of less than $5 to $10 a pop, that he thinks could go up by 10,000% or more.
Towards the end of the presentation, Paul reveals that in order to get access to this strategy, and discover his stock recommendations, you need to purchase a 100X Club subscription for a cool $10K.
Is 100X Club Worth the $10,000 Price Tag?
Paying $10,000 for ANY investment service is pretty extreme in my opinion, but that doesn’t mean it’s not worth it or that it’s overpriced.
I think it ultimately depends on the value you’re going to be getting in return for that outlay, as a subscriber.
And the biggest value proposition here is getting access to Paul’s exclusive trade recommendations, which are stocks he says can make you a 100x return.
Stocks like Monster Beverage Corp (an example he uses a lot):
So these gains are totally possible. The key is knowing which companies are going to gap upwards and buying shares at the right time. Which is something Paul says he can help you with.
But I’m personally skeptical of anyone who says you can make 100 times your money, just by listening to their advice. Because, no matter how successful they are, nobody can predict the market with 100% accuracy.
And there are no refunds or guarantees of success.
So the reality is, while you could see huge profits, you could also signup to this, invest in his recommended stocks, and lose all of your money. And there’s no way to recover that loss.
The good news is Paul is an expert at what he does, and he provides a lot of insight into the stocks he chooses and why he chooses them. Which helps you educate yourself through the monthly newsletters, instead of just blindly following his advice.
On top of the monthly newsletters and stock picks, Paul shares weekly updates and trade alerts with subscribers, which further adds to the value of joining and helps reduce the risk.
Ultimately though, whether or not you think it’s worth $10,000 is something only you can decide. Also worth mentioning is that there’s a yearly “maintenance fee” of $995 to maintain your subscription. So it’s worth factoring that in too.
What “100 Bagger Stocks” Does Paul Recommend?
Throughout the 100X Summit presentation, Paul repeatedly refers to “100 bagger stocks” which means stocks that can potentially net you 100 times returns, or go 10,000% higher in price.
This isn’t the first time Paul talks about how he actively searches for stocks like this though. For example, in another newsletter service he manages called $10 Million Portfolio (which is half the price) he talks about finding high yielding investment opportunities.
The main difference with this strategy, however, is that Paul homes in on a handful of publicly traded, microcap stocks. So instead of investing in a wide array of companies that can collectively bring you large returns, he focusses on a smaller number of stocks that meet a narrower criteria.
He specifically looks for quality, but overlooked, niche businesses that he believes will go up in value. And those that are capitalizing on what he calls mega trends. Such as the Internet of Things (IOT), precision medicine, blockchain technology and artificial intelligence for example.
So, which exact stocks does Paul recommend?
During the presentation, Paul specifically discusses three stocks he has his eye on, but doesn’t reveal what these are. He actually has over a dozen “100 bagger stocks” in his model portfolio, but focusses on these during the 100X Summit, probably because it builds curiosity.
In any case, you need to purchase a 100X Club subscription to find out which stocks he’s referring to. This is where he reveals these three stocks, and others he believes could go up 100 fold.
Is Paul Mampilly Legit?
Paul Mampilly is a “retired” Wall Street hedge fund manager. He started working for Banker’s Trust in the early 1990’s, and went on to make millions of dollars for some of the largest banks and hedge funds on the planet.
And according to his Banyan Hill profile page, he’s been featured on CNBC, Fox Business News and several other mainstream media networks over the years.
All in all, he manages eight newsletter services that range in price from $47 to $4,995 now, with his latest addition of 100X Club, $10,000.
Based on what I’ve seen, I do think Paul is legit and he has definitely made a lot of money throughout his investment career. But at the same time, that doesn’t mean you should hang off his every word and buy every subscription he creates.
You can learn more about Paul Mampilly, his services, and stock picks here.
Is 100X Summit a Scam?
The 100X Summit is not a scam, because it’s just a sales presentation. The whole thing is basically a sales pitch for 100X Club, which some might consider a bit misleading, but I wouldn’t call it a scam because it doesn’t cost anything.
What about 100X Club, is that a scam?
I personally don’t believe 100X Club is a scam, because Paul Mampilly is a legitimate investment guru who shares his trade recommendations with subscribers.
However, at $10,000, it’s far from cheap. So when you consider this, along with the risks involved with the investing strategy itself, there’s a significant amount of overall risk here.
Investing in anything is risky, especially when all you’re doing is taking someone’s word that it’s a good investment. But investing in small cap stocks, which is what Paul’s 100X strategy is about, is even more risky.
This is because of the large amount of volatility in stocks with a low market capitalization. One minute they can be up, the next they can be down, significantly. So while there’s the potential for 100x returns, there’s also the potential for 100x losses.
Paul doesn’t hide this fact, he’s actually quite open about the risks, but he does tend to focus more on the potential benefits. After all, the more people that buy the more money he makes.
In any case, I explain why this strategy can be so risky in my detailed review of 100X Club, which I highly recommend checking out if you want to learn more.