Are SPACs Still a Good Investment?
Are SPACs still worth investing in? The answer depends on how you use them.
James explains why SPACs can be a strong portfolio addition for investors who understand capital timing, yield floors, and upside optionality. Stability with asymmetric upside remains the core appeal.
This is a practical view of SPACs as a portfolio tool, not a trade.
Connect with the Guest: James Campanella
Connect with the Hosts & The SPAC Podcast:
Michael Blankenship LinkedIn: https://www.linkedin.com/in/mikeblankenship/
Joshua Wilson LinkedIn: https://www.linkedin.com/in/joshuabrucewilson/
YouTube Channel: https://www.youtube.com/@Thespacpodcast
Disclaimer: Michael J. Blankenship is a licensed attorney and partner at Winston Taylor. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is for informational and educational purposes only and should not be considered legal, financial, or compliance advice. All views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the policies or positions of any regulatory agency, law firm, organization, or employer. Listeners should consult their own legal counsel, compliance teams, or financial advisors to ensure adherence to applicable regulations, including SEC, FINRA, and other industry-specific requirements. This podcast does not constitute a solicitation or recommendation for any financial products or services.
Let's Connect on LinkedIn:
https://www.linkedin.com/in/mikeblankenship/ https://www.linkedin.com/in/joshuabrucewilson/
To Contact Us, Please Visit:
So do you think SPACs are a good investment overall?
Listen, I think they're a great investment for a few different people. If you're talking about going in with total risk capital, right? The difference between a SPAC is if I employ a 10 SPAC portfolio and I buy a hundred, share a hundred thousand shares of each spac, that's $10 million.
That's two years of capital that I need to wait for for them to make a deal, for them to announce for maybe the pipe and it could be longer. So what you need is capital. Now, if you are running a portfolio like I'm running where I'm also trading IPOs, secondaries, I'm trading in the market, I'm trading blocks to add a SPAC for portfolio, which I know I'm gonna make at least 4% yield, but with upside I think is a great addition for me going forward.
And I think 24, 25 and 26, I'll definitely add that. And I may even overweight it as well going forward because to have downside. Stability or a floor with upside risk to me is what's really attractive going forward.
PM
I started my career on the NYSE in 1994. I became a member in 1998 and in 2001 was the WYETH Specialist at 29. I left the NYSE in 2007 because of the automation that was happening. From 2007-2011 I worked on the sell side at a few broker dealers. Since 2011 I've been a PM at a pod shop running my own portfolio consisting of all capital markets: SPACS, IPOS, Secondaries, Privates, PIPES, Warrants and Blocks. The past 4 years have been brutal for Capital Markets but there finally seems to be some light at the end of the tunnel.