Paul Mampilly On Bubbles And Cryptocurrency
Most of the time when a stock or commodity finds its value going up in the market, it’s a good thing which is why you want to catch that wave before it gets big. But there also is a bubble effect that happens if that stock or commodity gets too popular and bought by everyone, and that’s what former hedge fund manager and investor Paul Mampilly warns about. The bubble he’s looking at is cryptocurrency like Bitcoin and ethereum because these investments took off in 2017, but they reached unsustainable levels that will be driving their values down very far. Visit the website paulmampillyguru.com to learn more.
Mampilly certainly applauds the development of Bitcoin because it allows for digitizing money without going through government agencies and central banks. He even sees a good future for cryptocurrency and has several stocks in companies who do use blockchain technology and other big data and internet of things assets. But for now he tells his newsletter readers not to buy Bitcoin because it has a long drop to the bottom before it might finally go back up.
Paul Mampilly shares his knowledge with investors through newsletters because he can give his honest opinion without having to answer to an executive board or PR department. He used to be a professional advisor and portfolio manager for several big banks after getting his bachelor’s degree in finance. He was an executive director for Kinetics International Fund, one of the top-performing hedge funds featured in Barron’s magazine where he attracted in new clients growing its AUM to $25 billion. He also won a competition for growing $50 million to $88 million, and he also made a major stock grab at Sarepta Therapeutics which gained over 1,200℅.
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— Paul Mampilly (@MampillyGuru) May 11, 2018
Paul Mampilly decided he no longer wanted to just serve millionaires and billionaires with his investment advice, and he wanted to leave the routine of spending long hours in the office every day. Banyan Hill was a place where much of the rest of the editing team also left Wall Street and agreed with Mampilly on making stock trading easy for layman readers easy to understand. He began writing “Profits Unlimited,” his first newsletter in 2016 and then published “Extreme Fortunes” and “True Momentum” after that picked up subscribers. Subscribers enjoy an over-the-shoulder look at his investments, and even those who’ve been skeptical about Mampilly’s advice will often later write reviews reporting on terrific gains their portfolios have made. Learn more about Paul Mampilly at Crunbchbase.