Paul Mampilly, the author of “Profits Unlimited” and “True Momentum” at Banyan Hill has a new take on the cryptocurrency situation. He has said that now is not a good time to get into the market, but he is high on blockchain technology which drives it and he’s suggesting investors keep an open mind to buying into it when it’s time. What Paul Mampilly believes will happen is cryptocurrency will later start dominating the big markets because as opposed to the millions of dollars most companies need to conduct public stock offerings, companies the cost to do an initial coin offering through cryptocurrency can be less than $100. He also says the verification process blockchain has could allow people easier chances to borrow money, and some cryptocurrency could even replace precious metals in its sustainable value.
Paul Mampilly often analyzes not only what he sees, but also thinks about how he could be wrong. He has often seen when bubbles have affected the markets such as 2000 when he saw the dot-com crash coming and 2008 when he realized trouble was coming for real estate. Mampilly received his bachelor’s in finance from Montclair State University and also was in banking for more than 10 years. But he also received a lot of praise from Barron’s magazine in 2006 when he became the chief portfolio manager for one of Wall Street’s top hedge funds, Kinetics International Fund and brought in over 26℅ in returns on client investments.
As an investor himself, Mampilly bought shares in Olympus Corporation, OLED Universal, Facebook and Netflix, and all those investments made huge gains. Paul Mampilly quit the big banks and hedge funds on Wall Street several years ago because he found he was working too many hours, and he didn’t like that he was only helping the top 1℅ investors. As an editor at Banyan Hill, he shares the secrets to profitable investing to investors who don’t have deep pockets, and he shows them how they can take control of their own portfolios. Mampilly’s newsletters can be subscribed to by going to the Banyan Hill website, and you can follow him on Twitter at his handle @mampillyguru.
As the S&P 500 hits a record and the Dow industrials comes very close to its all-time high, one market watcher has been tracking the bears vs. S&P battle. It’s been a lopsided affair — just take a look at this chart. https://t.co/Bi0zIk29Lh#SP500 #DowIndustrials #StockMarket pic.twitter.com/A6uVEY5VQR
— Paul Mampilly (@MampillyGuru) September 5, 2018