Empire Elite Growth is a premium service provided by Enrique Abeyta.

He promises that joining would get you access to "hedge fund-quality growth research."

Is Enrique being honest, or is this all just a con?

In this review, we'll answer this query in detail.

Furthermore, I'll show you everything you receive as well as any red flags I find (there is undoubtedly a red flag).

Please read the entire section below.

Let's get going!

Empire Elite Growth Summary

Creator: Enrique Abeyta

Price to join: $2000 per year

Do I recommend? No

   Overall rating: 1/5

This is a service I'd skip over.

The stock picks I've looked at are horrendous, and the service is pretty expensive at $2,000 per month.

For this newsletter to make sense, you'd need around $150,000 to invest or more.

Additionally, this newsletter is owned by a horrible company that's very predatory.

You'll be bombarded with misleading sales pitches and upsells if you buy.

Better opportunity: I've reviewed all the top places to get high return stock ideas. To see my favorite (which is extremely affordable), click below:

Beware Of MarketWise Newsletters

Before we get into what Empire Elite Growth is and the results you can expect, let's talk about who owns the newsletter.

This newsletter is published by Empire Financial Research, which is owned by a publicly traded company called MarketWise.

MarketWise is basically a rebrand of a company called Agora, which used to be the biggest distributor of investing newsletters.

Buy Agora was recently fined millions for defrauding elderly people, and the publishers started to flee.

They basically all came together and formed MarketWise.

However, not much has changed from Agora to MarketWise, and MarketWise has hired former Agora people to run the company.

So what can you expect if you buy a newsletter from MarketWise?

Here's just a taste:

  • Extremely misleading sales pitches
  • Overhyped investing opportunities (promises of returns as high as 40,000%)
  • Aggressive upsells that can cost tens of thousands per year.
  • bad performance (I doubt many MarketWise services beat the market)
  • extremely bad characters at MarketWise (prominent people at this company have been sued for millions for fraud and kicked out of Wall Street).

and stuff like that.

The only way I could ever recommend a newsletter from MarketWise is if it performed well enough to make up for these headaches.

When you consider the performance of Empire Elite Growth and the price, it's not worth recommending, in my opinion.

Recommended: The Best Place To Get Stock Picks

Empire Elite Growth's Performance

The only thing that matters about a stock picking service is if it beats the market and makes people money.

If it can't do that, it's worthless.

Here are a bunch of stock picks from Abeyta and this newsletter from the last three years, so you can judge their performance.

Velodyne Lidar in September 2020

Velodyne Lidar is a company that creates technology for driverless cars.

These stocks were very hot a couple years ago, but none of them ended up delivering returns for investors.

Here's how this stock has performed since being recommended by Enrique:

Enrique recommended the stock at around $18, and it currently sits at around $1.30.

That's a massive loss of around 95% in just two and a half years.

Arrival and Luminar in March 2021

Back in March 2021, Enrique made two recommendations that had to do with "TaaS."

TaaS stands for transportation as a service and is the idea that people will have self-driving cars in the future that they can rent out for money.

Arrival is the first stock and is an EV maker.

Here's how the stock has done:

The stock dropped from $1,217 to $3!

So that means anyone who invested in this stock and held on to it past 2022 essentially lost everything.

Next, we have Luminar, which is another company that makes technology for self-driving cars.

Again, these stocks have struggled a lot in the last couple of years.

Here's how Luminar has performed:

another horribly performing stock pick.

Voyager Digital in May 2021

All things crypto have been in rough shape for the last couple of years.

It's not just the coins that have crashed, but many brokers and other companies related to crypto have as well.

Enrique decided to dabble in crypto and recommended a crypto broker called Voyager Digital.

He called it the "Robinhood of Crypto."

However, no one got rich off this stock.

Voyager Digital declared bankruptcy shortly after Enrique recommended it and sold all its assets.

This is another 100% loss for people following Enrique's recommendations.

What stinks is that Enrique recommended this company AGAIN in October 2023, calling it the "most obvious 10x opportunity I've seen."

Gan in December 2021

In December 2021, Enrique recommended a company called Gan and said it was the "Netflix of sports betting."

I don't know how that makes sense, but Enrique believes this stock will explode.

Instead, it crashed and lost his followers even more money.

Do you see why I don't recommend this newsletter?

Recommended: The Best Place To Get Stock Picks

Enrique's #1 AI Stock (And #1 ChatGPT Stock)

Empire Elite Growth had one of the roughest starts you can imagine for a stock-picking service.

just one horrible recommendation after another.

There weren't many ads for this newsletter in 2022, and I'm guessing the bad performance is why.

However, I'm starting to see some ads running again for the service.

The main ad is Enrique hyping up his "#1 AI Stock of 2023" and an ad for his "#1 ChatGPT Stock."

Both ads recommend the same stock, which is C3 AI.

C3 AI is one of the few "pure play" AI stocks out there.

This company provides software that helps companies gather and interpret data to improve efficiency.

I wrote in depth about the company and this stock teaser here if you want to learn more.

Overall, this is another high-risk, high-reward stock pick.

AI is hot; perhaps that's enough to propel this company's stock.

But revenue growth is slowing for this company, and there are other red flags as well (like paying most of their payroll in stock options).

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Empire Elite Growth FAQ's

Still have questions about Empire Elite Growth?

Here are the answers to any remaining questions you might have:

1) What do you get with this service?

This is your standard stock picking service, which means you'll get a new stock recommendation with analysis every month.

In this case, you get a new stock pick on the fourth of every month.

Additionally, you'll get market updates, a model portfolio, and things like that.

However, if you look at the stock picks I documented earlier, I think we can both agree that the stock picks and model portfolio aren't going to be impressive.

2) How much does Empire Elite Growth cost?

This is a pricey upsell at Empire Financial Research and costs $2000 per year if you find a promo for it.

But if you try to buy it from the Empire Financial Research website, it will cost $5000 per year.

This means most people shouldn't buy this newsletter on cost alone.

You shouldn't invest more than 1% to 2% of your investment portfolio in research.

If you do the research, it will eat into your gains too much.

It's already really hard to beat the market.

Having research eat into your gains isn't going to help.

3) Is there a refund policy?


There's only a credit refund, which means you can use the money to buy other Empire Financial Research products.

This is what all MarketWise publishers do.

They do offer good refunds on their very cheap products, but almost never on their expensive ones.

How many people would ask for their money back based on the performance of Empire Elite Growth?

I'm guessing 100%.

MarketWise can't let that happen.

4) What kind of stocks are being recommended?

This service recommends small and mid-cap stocks.

These are stocks that aren't in the S&P 500 and are smaller.

These kinds of recommendations are risky, but they can pay off if you find the right company.

However, Enrique has not demonstrated the ability to do that.

5) Are there similar newsletters?

There are many newsletters just like this one.

Some include:

Most of these are owned by MarketWise as well.

Recommended: The Best Place To Get Stock Picks

Empire Elite Growth Pros And Cons

  • Horrible results: All the stock picks I've seen have done very badly.
  • Expensive: This service costs thousands per year and that's not worth it.
  • MarketWise owned: MarketWise is a predatory company and should be avoided for most part.

Wrapping Things Up

So that's the end of my review of Empire Elite Growth.

To be honest, this isn't a service you should think about.

The stock picks are really bad, and they're too expensive.

There's not a single nice thing I have to say about his newsletter.

It's just another money grab from a company that makes hundreds of millions a year without delivering satisfactory results.

If you do want a good stock picking service, make sure to look at my top recommendation.

You can learn more about it by clicking below:

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