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Our Annual Report Card For 2025
This is Porter’s Daily Journal, a free e-letter from Porter & Co. that provides unfiltered insights on markets, the economy, and life to help readers become better investors. It includes weekday editions and two weekend editions… and is free to all subscribers.
We’re devoting this week’s Daily Journals to a practice that Porter has been doing for decades… issuing Report Cards for the newsletters that he publishes. Honest and thorough feedback is the key to earning trust and ensuring straightforward financial analysis and recommendations. As Porter likes to say: it’s the information I’d like to receive if the roles were reversed.
Today, we kick off the grading with Porter Stansberry’s Complete Investor – and then we will follow up on Wednesday with Marty Fridson’s Distressed Investing and Erez Kalir’s Tech Frontiers, and conclude the week with the remaining advisories.
Porter begins the first of his Report Cards below.
An annual tradition since 2003… The advice Porter would want… Big wins in Complete Investor… Energy takes the lead… Some down, but not out… Best Buys has a great year… |
Table of Contents
I’m publishing these annual Report Cards because it is important to hold ourselves accountable for our performance.
Since 2003, I have always evaluated my financial publications’ actual track records and shared the results with all of my partners and subscribers. That’s what we’re doing today and all this week.
I’ll personally review the analysis and recommendations, score the results with a letter grade, and explain my reasoning. Why make sure that everyone knows what we’ve gotten wrong…?
I’m a firm believer that good intentions must be measured against actual results. (Imagine if politicians did the same!)
Through these Report Cards, you’ll get a better understanding of how our analysts achieve their excellent results. Our editors and analysts get feedback that improves their future performance. Porter & Co. winds up with better products. And, best of all, you’ll get higher and higher quality research from us in the future.
The obvious place to start is our flagship advisory… Porter Stansberry’s Complete Investor. (Though people might still know it better by its former name, The Big Secret On Wall Street.)
Complete Investor is the culmination of everything I’ve learned after 30 years of studying markets and the incredible power-law outcomes of investing in great businesses. The goal of Complete Investor is simple: to help subscribers build a legacy portfolio. We want to create an investment portfolio that will compound wealth for decades – safely. This should allow long-time subscribers to retire in comfort and to compound their wealth almost effortlessly for decades.
That’s our ambition. And the results…?
Complete Investor has seen some big wins this year.
Like the Energy & Commodities section that’s been out in front of the artificial-intelligence (“AI”) power buildout…
These companies are benefitting from Trump’s reshoring, the AI build-out, blockchain, and more. We are going to need a colossal amount of new energy production to enable the projected AI buildout.
The leader in next-generation power generation is BWX Technologies (NYSE: BWXT). It has a virtual monopoly on building small nuclear reactors for the military. Until recently, it was a sleepy, stodgy government contracting firm. But, because of its intellectual property and extensive supply chain, we knew it would soon be at the center of America’s nuclear renaissance. BWX Technologies has been a big win for us. It’s up 62% year to date (“YTD”) and over 200% since our original recommendation.
Creating a new, nationwide nuclear power network will take decades. And, as you can see, demand for artificial intelligence (“AI”) is growing much faster than a decade-long time scale. For the next 10 to 15 years, the fastest growing fuel source for all new electrical power will be natural gas. We believe growth in demand for this energy source will be unprecedented.