Paul Mampilly Says Cryptocurrency Has A Good Future, But Bitcoin Is Not What You Should Be Buying Now
Paul Mampilly is the author of three newsletters known as “Profits Unlimited,” “Extreme Fortunes” and “True Momentum” which are published under Banyan Hill, a journalistic financial website that’s a subsidiary of Agora Financial. One of his recent articles at that website discusses Bitcoin and why it’s the investment you don’t want to make right now. Mampilly’s advice is trusted because he’s learned the stock market very well over the years and has been an early investor in stocks that took off surprisingly. He mentions in his article that he’s a believer in cryptocurrency, but Bitcoin’s surge in 2017 could mean bad news in 2018.
What Paul Mampilly explains is that there are good stock prices that experience some highs followed by some lows, but many of which will experience more growth in the long-term. But some stocks become too popular too quickly like Bitcoin that they grow beyond what should be a normal high price target to a price that’s driven too high by popularity. This creates a bubble and leads to similar situations to what happened in the 2000 dot-com crash, and the housing bubble that led to the recession of 2008. Bitcoin has already seen its value start to tumble downward, and while Mampilly expects it will see some rallies in 2018, it’s going to once again continue downward. Paul Mampilly Has Struck Gold Again
Paul Mampilly was born to a blue collar family in India, and his father worked to send him to private school and eventually college at Montclair State University. After graduating from there, he started doing investing research at Deutsche Bank. He earned several promotions and in a couple years transferred to ING as a portfolio advisor. He later managed multi-million dollar accounts for affluent clients at Banker’s Trust, and then made a big leap to hedge fund manager for billion-dollar corporations and other investement banks at Kinetics International Fund. This firm brought in 26% returns to client funds under Mampilly’s leadership and was cited as the new top Wall Street firm in Barron’s. While managing funds at Kinetics International, Mampilly won the investment competition at the Templeton Foundation for investing $50 million during the 2008 recession, and making a 76% gain without buying any high-risk stocks or shorting others. Greatest Medical Breakthrough in History and Mampilly’s “#1 Stock for 2018”
Paul Mampilly had a successful career, but he was growing unhappy with with his daily life because some of his work shifts lasted as long as 16 hours per day. He quietly left the corporate office at age 42 and moved his family to a more rural location in North Carolina in 2012. He still loved investing and decided it was time to help regular investors come to profit by it, so he joined Banyan Hill and within a month he picked up 60,000 subscribers. He has many followers on his YouTube channel as well. His facebook page