Paul Mampilly Says To Invest In A Different Cryptocurrency Than Bitcoin


Bitcoin is probably the most well-known cryptocurrency today and it made news when its market value surged upward in 2017. Stock investor and expert Paul Mampilly said in one of his Banyan Hill articles that he was amazed by that surge, and as he’s usually on top of most new tech and finance industry trends, he admitted he missed the chance to tell his readers about Bitcoin before 2017. But while he says that he might have recommended buying into Bitcoin in 2016, he’s saying to avoid it in 2018. View Paul Mampilly’s profile at linkedin.com

Mampilly says that Bitcoin has risen too high in its market prices and it’s now a bubble that’s going to crash. Like most other stocks or equity investments, prices that start small but grow with popularity are a good thing because you can buy low and sell later. But if they become too popular, they become too high and end up crashing before long. Paul Mampilly says in his article that this is what happened to early web-based companies back in the late 1990s and to the housing market’s prices in 2008. Bitcoin is undergoing the same price fall right now, but Mampilly says there is another cryptocurrency out there that you can buy that’s more stable and isn’t likely to crash, and he discloses what it is in his “Extreme Fortunes” newsletter.

Paul Mampilly’s career has transitioned from managing million-dollar and billion-dollar accounts in a high-end Wall Street office to now working out of his own home writing for an independent financial news site named Banyan Hill. He had moved to the US from India for college and completed his bachelor’s in finance at Montclair State University in 1991. Later that year he started in banking at Deutsche Bank as a research assistant, and the next several years saw him move to higher level positions at Banker’s Trust, ING and Sears.

Paul Mampilly really started making money when he started managing the portfolios of fortune 500 companies, institutional clients and Wall Street executives at a hedge fund known as Kinetics International Fund. Barron’s magazine had a piece on it which mentioned how Mampilly grew its AUM to $25 billion and clients saw investment returns around 26% annually. With his reputation also growing as an expert stock investor, Mampilly was asked to show what he could do with $50 million at a competition at the Templeton Foundation in 2008, and even though the recession was at its worst at that time, Mampilly still invested that money in the market without shorting stocks or gambling on a high-risk fund. More info at Stocktwits.

Mampilly completely left Wall Street in 2012 because he no longer wanted to put in day shifts that could last as long as 16 hours, as he later mentioned and he wanted to spend time with his young children. About four years after moving his family out of the city, Mampilly started writing for Banyan Hill because he still wanted to help people with investment advice. But instead of managing portfolios for the very wealthy, he made it about helping middle class people start their own portfolios and making sure they controlled them. His first newsletter “Profits Unlimited” picked up over 60,000 subscribers in less than a month, and along with that newsletter he also writes “Extreme Fortunes” and “True Momentum” today. Read more on Talk Markets: http://www.talkmarkets.com/contributor/Paul-Mampilly/

 

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