Paul Mampilly has bought a wide variety of stocks and other investments over the years, and one investment he’s been particularly interested in lately has been cryptocurrency. Bitcoin is probably the most well-known cryptocurrency, but others like ethereum have also become big in the market. Bitcoin especially has experienced a rise in value over the course of 2017 and into 2018, but Mampilly says it’s time to avoid buying it. Follow Paul Mampilly on Stocktwits.com.
Bitcoin does have the right idea behind it Mampilly believes, and he says decentralized currency is probably a good investment in the long run. But the problem is that Bitcoin has grown too popular, a similar problem that tech stocks had in 1999 and later real estate in 2008. Tech stocks crashed hard in 2000 as did the housing market, and Mampilly says Bitcoin is on track to do the same. He did say another digital currency investment was out there that was safe and profitable that he shares with subscribers of his newsletters at Banyan Hill.
Here's a video clip from last years Total Wealth Symposium with my colleague Jeff Yastine. Who will I be seeing at this years TWS event? Comment below!https://t.co/wRjxEbqehc#TotalWealthSymposium #TWS2018 AssetProtection #Retirement #Commodity #Money #Commodities #Opportunity
— Paul Mampilly (@MampillyGuru) April 12, 2018
Paul Mampilly is the author of “Profits Unlimited,” “Extreme Fortunes” and “True Momentum” at Banyan Hill, all of which offer a direct look at his personal portfolio. He became a newsletter writer because despite making high pay in Wall Street’s banks, he was never truly a part of that world. Mampilly got his bachelor’s from Montclair State University and his master’s from Fordham University. He was a portfolio manager for Deutsche Bank, ING, Sears, Banker’s Trust and Kinetics International Fund. As hedge fund manager, Paul Mampilly made investments for clients that gained over 26℅ and saw the portfolio amount grow from $6 billion to $25 billion. He also won a stock investment competition that grew $50 million into $88 million.
Paul Mampilly decided at age 42 that he was done with Wall Street. But he still loved investing so he decided to make his information easy for regular Americans to understand and gave all of his newsletter readers a look at his portfolio through the video parts of his newsletters. Mampilly first put out “Profits Unlimited” in 2016 and it took less than two months for it to gain over 60,000 subscribers, and his overall readership has only grown since then. Many readers didn’t think it was possible for a portfolio to grow at the levels Mampilly suggested, but as they followed his instructions, they realized picking the right stocks really could be a key to wealth. Visit stockgumshoe.com to know more.