Hi folks, today I’m looking at a relatively new service called “Wall Street’s Proving Ground,” run by Jason Simpkins of The Outsider Club.
I discovered the service through a presentation about inflation and how to profit from it through things like precious metals, mining stocks, and crypto-related stocks. However, as I later learned, the service also provides insight into military technology and defense stocks.
In this review, I’ll show you what I uncovered as I looked further into Jason’s advisory service to help you decide if it’s right for you.
Jason Simpkins’ “Death of the Dollar” Prediction
Before we get into the nitty-gritty of the “Wall Street’s Proving Ground” service, I wanted to share my take on the presentation that led me to it, which was all about the “death of the dollar.”
According to Jason Simpkins, inflation is coming.
This is not exactly a new idea; as he points out himself, there are a lot of high-profile investment experts sounding the alarm on inflation. For example, Ray Dalio of Bridgewaters, Larry Fink of Blackrock, Michael J. Burry (the Big Short guy), and many others.
I’ve also come across numerous “finance gurus” in the investment advisory space that talk about inflation. Some even go as far as to suggest we could be headed for hyperinflation, which is what happened in the Weimar Republic in Germany when their currency collapsed in the early 1920s.
In any case, my point is that many experts tend to agree that inflation will get worse in the U.S. The main difference is what they propose as the “solution” to the problem.
The most popular solutions seem to be either gold or bitcoin, but more often than not, I see finance gurus teasing stocks that are in some way connected to one of these assets.
And that’s more or less what Jason is recommending.
Jason talks about how inflation is not only high but that it’s “actually much higher than is being reported” and talks about three specific stocks he thinks could benefit you as a result.
If everything remains consistent, we’re in the middle of a gestation period with hyperinflation now a legitimate threat… if not an inevitabile economic disaster.
But as the saying goes, where there is crisis, there’s opportunity:Source: angelnexus.com/o/web/345563
Whether inflation really is “transitory,” as the Federal Reserve suggests, or whether we will see a sustained increase in consumer prices, is beyond the scope of this article.
However, I will say that there are differing opinions on how extreme inflation could get, and the latest data shows that prices didn’t rise as quickly in August 2021.
Either way, Jason seems to think we will see massive inflation.
He says the “inflation crisis is going to burn a whole lot of people” and that he can help you safeguard your wealth and take advantage of rising inflation with his recommended stocks.
What stocks does Jason recommend?
Jason recommends three stocks as part of his inflation thesis and details each stock inside three separate reports, which you get by joining his service, Wall Street’s Proving Ground.
Here are the three reports Jason has put together:
- Inflation Immunity Report No. 1: “An Expert’s Masterclass to Investing in Gold”
- Inflation Immunity Report No. 2: “America’s Secret Mining Stock Poised for Incredible Gains”
- Inflation Immunity Report No. 3: “The One Bank That Will Rule America When Fiat Currency Fails”
The first report is all about investing in gold because, according to Jason, it’s “one of the best strategies you can implement” to hedge against a devaluing dollar. The report details his recommendations on investing in gold and includes a mining stock he recommends that has exposure to both gold and copper.
The second report is less about wealth preservation and more about growing your wealth. Jason refers to it as a “special stock” he believes is “poised for a massive return as the American dollar declines” and says its market cap is ten times lower than it should be.
The third and final report is all about “seeking leverage through crypto.” Specifically, Jason details a company he believes could become the “Goldman Sachs or JP Morgan of cryptocurrency.”
So what I will reveal in this report is actually a bank — an industry-leading payment solution for innovative digital currency and fintech companies.
When cryptocurrencies become more mainstream, this will be the bank that allows everyday customers to exchange them for goods and services.
After discussing these reports, Jason says this is “just the beginning” for members of Wall Street’s Proving Ground. Apparently, he created the service to help his subscribers benefit from the “opportunities created by this new normal world of inflation.”
In the next section, we’ll take a closer look at how Jason’s service works.
Overview of Wall Street’s Proving Ground
Wall Street’s Proving Ground (formerly known as The Wealth Warrior) is an investment advisory published by The Outsider Club and edited by Jason Simpkins.
According to the website, the core idea behind the service is to help investors “see through the charade” and learn how to protect and grow wealth during times of uncertainty.
Jason says the service “takes nothing for granted” and only cares about “what you can prove and what proves profitable.”
In a world filled with fake news, con artists, and establishment types who would like nothing more than to deceive us, what can we really believe?
What do we know for sure?
What can be proven?
These are the questions Wall Street’s Proving Ground seeks to answer in full.Source: outsiderclub.com/pubs-detailed/wspg
Instead of investing in “flashy trends or fly-by-night start-ups,” Jason says that his service focuses on companies with “tangible resources and products that can hold and appreciate in value.”
Most research services I come across these days tend to focus on tech stocks and the “next big trend,” but that’s not what Wall Street’s Proving Ground is about. Instead, it’s more of a value investing, buy and hold, type of advisory that takes a more defensive approach.
Quite literally, actually.
One of the main aspects of the service is about keeping subscribers abreast of the latest geopolitical developments and ongoing conflicts around the world. And as part of this, Jason recommends stocks related to military tech and defense contractors.
Interestingly, this theme is even built into the name of the service.
On the Outsider Club website, Jason likens the way the “Wall Street’s Proving Ground” service works to a military “proving ground” that proves what works and what doesn’t.
You see, in the military, the Proving Ground is the crucible.
It’s where new weapons, munitions, and tactics are developed.
It’s where the plans, ambitions, and promises of engineers and military brass are put to the test.
It’s where theories are proven and disproved.
And that’s what we do here.
Other sectors Jason focuses on include natural resources (commodities, mining, and energy stocks) and consumer staples, and he shares his recommended dividend plays.
Armed with the information contained in the monthly newsletters and reports, as a subscriber, the idea is to take what you learn and decide what opportunities you want to invest in.
What Do You Get If You Join The Service?
The core benefit to joining the “Wall Street’s Proving Ground” service is the monthly newsletters. Subscribers of the service get access to a new issue of the newsletter each month for 12 months, and each one contains Jason’s latest research, insights, and recommendations.
Aside from the monthly newsletters, you also get access to the model portfolio which shows you the stocks Jason is currently recommending, and “Flash Alerts,” which are designed to keep you updated on any changes that impact the stocks Jason has recommended.
Also, if you join through the “Death of the Dollar” presentation we discussed earlier, you receive three special reports that outline a different investment opportunity Jason is bullish on.
The first report is all about investing in gold, the second report details a mining stock Jason is interested in, and the third report walks you through a crypto play he’s interested in.
All in all, as a member, you get all the insight you need to take advantage of Jason’s recommendations. From there, it’s up to you to decide which recommendations you will act on using your own brokerage account.
How Much Does It Cost and Can You Get a Refund?
The cost to join Wall Street’s Proving Ground is $99 per year.
Unlike many services I’ve reviewed on this site, there are no “membership levels,” it’s just $99 for a 12-month subscription. However, as is often the case, the service auto-renews each year.
Concerning getting a refund, this service comes with a 180-day refund policy. So you get a full six months to decide if you’re satisfied with the service and if not, you can request a refund.
Who Is Jason Simpkins?
Jason Simpkins is the editor of Wall Street’s Proving Ground, and The Outsider Club website describes him as “blunt, factual, and above all, fearless.”
According to his profile on outsiderclub.com, Jason is a financial reporter and analyst who, in his early career, wrote more than 1,000 articles for a Baltimore-based finance publication.
And apparently, his insights on the natural resources sector led to the launch of a trading service that delivered triple-digit gains to subscribers.
In 2013, Jason joined The Outsider Club and is now the lead editor of Wall Street’s Proving Ground which focuses on the natural resources sector and defense stocks.
What is Jason’s track record like?
Jason doesn’t seem to have as extensive a background in finance as some other gurus I’ve come across in this space, but he does seem to have made some impressive recommendations.
For example, according to Jason, he made “137%, 329%, and 661% on the rapid growth of medical marijuana” and recommended bitcoin in 2014. This is impressive, too, since you could buy a whole bitcoin for less than $1,000 at that point, much less depending on when you bought it.
He also says he’s recommended the following mining plays:
- Gold Mining Inc. (165% between April 2020 to October 2020)
- Uranium Energy Corp. (258% between November 2020 to April 2021)
- Wheaton Precious Metals Corp. (first recommended in May 2017 at $19.50)
He’s probably recommended some other great opportunities. These are just the ones I could find. Either way, I think it shows he knows what he’s talking about.
Also, I like how he doesn’t make a whole bunch of wild claims about helping you get rich overnight. Instead, he seems to “tell it like it is” more than the average guru, which, to me, is always a good sign and fits with the theme of his service.
What Is The Outsider Club?
The Outsider Club is a financial education company that publishes a variety of investment advisories aimed at helping self-directed investors grow wealth.
For example, the last advisory service I reviewed from The Outsider Club is called The Crow’s Nest. This is a similar service to Wall Street’s Proving Ground in the way it works, but it’s run by a man named Jimmy Mengel and is arguably more speculative.
Jimmy recommends things like legal cannabis and clean energy companies and provides tips on saving money and growing your wealth.
You can check out my full review of The Crow’s Nest if you want to learn more.
That’s just one example, though. The Outsider Club publishes a range of services that cater to different groups of investors.
For instance, aside from The Crow’s Nest and Wall Street’s Proving Ground, the company also publishes a free email newsletter called “Outsider Club” along with two other premium services – Adventure Capitalist and Junior Mining Trader. Both of which are more speculative services aimed at helping subscribers profit from smaller-cap companies.
The idea is that each service differs in focus and in how conservative or speculative the recommendations tend to be, but they’re all designed to help you make money.
Also worth mentioning is that The Outsider Club seems to have some sort of affiliation with a publishing company called Angel Publishing. I say this because the presentation for Wall Street’s Proving Ground was located on the angelnexus.com website.
I can’t say to what extent, if any, these two companies are affiliated.
However, I have written about several Angel Publishing services on this site, the latest of which was a service called The Wealth Advisory. And, as a company, they do seem to have a similar philosophy of investing in “hard assets” rather than chasing shiny tech stocks.
Either way, from what I’ve seen, The Outsider Club is a reputable company. This doesn’t mean you’re guaranteed to make money by joining, there are always risks involved when it comes to investing and trading, no matter who you follow, but it does seem like a legitimate company.
Wall Street’s Proving Ground is a new service from The Outsider Club that’s run by Jason Simpkins that is focused on helping subscribers protect and grow wealth through the stock market.
The service is (more or less) marketed as a “no BS” newsletter that cuts through the hype and helps you figure out what’s true and what’s not in investing space. And Jason recommends a variety of opportunities, mostly in the natural resources and defense sectors.
Overall, I think it could be worth checking out, especially if you’re concerned about inflation and want to learn how to hedge against it with things like gold, mining companies, and companies in the crypto payments space.
For $99, and considering there’s a 180-day refund policy, it’s not super risky to give it a try.
That said, as with any service, you could still lose money following the recommendations. So it goes without saying that there is risk involved.
And this service is probably not ideal if you’re looking for opportunities to make large gains betting on the next Tesla or Netflix. It’s more aimed at investors who want to capitalize on the current macro-economic and geopolitical trends unfolding while protecting their wealth.