Banyan Hill author and former hedge fund manager Paul Mampilly brought up Bitcoin in one of his recent articles in which he talked about the rise in the cryptocurrency in 2017 but says investors should avoid it now. Mampilly said he’s a believer in cryptocurrency and blockchain technology and likes where it’s headed in the digital age, but Bitcoin he says became a little too popular in 2017. He says that while investors realized it was part of future currency, too many started buying into it and driving its market price way too high, and as a result a bubble was formed. This is the same kind of bubble that led to the downfall of tech stocks in the 2000 recession and later the housing crash of 2008. Mampilly says if you are interested in investing in digital currency, you should look into another one that he shares in his “Extreme Fortunes” newsletter. Read more about Paul Mampilly on Business Journal.
Paul Mampilly chose to start writing newsletters a couple years ago because his former career in big banks and hedge fund management was something he felt he never fully fit into. He is certainly passionate about investing in the stock market, and he’s repeatedly credited his father for sending him to Montclair State University where he earned his bachelor’s degree in finance. But he mentioned in one interview that if he was to go back and do it all over again, he would probably have learned how to build his own wealth through investing as opposed to doing it the way he did. But he did gain valuable experience from the time he joined Deutsche Bank in 1991 till the end of his tenure at Kinetics International Fund, a big hedge fund that he helped grow to $25 billion in AUM. Mampilly also invested $50 million in stocks during the recession which gained 76% and won a competition at the Templeton Foundation in doing so. Check more reviews on forexvestor.com for more info.
Mampilly had already seen his own portfolio boom when he bought stock in Facebook, Netflix and Sarepta Therapeutics, so he knew when he became a newsletter writer at Banyan Hill that he had a great track record to point to. Writing his newsletters has allowed Mampilly to bring lower income middle class investors into the markets, and it’s also allowed him more flexibility for family and personal time. “Profits Unlimited” was the first newsletter he started which reached over 60,000 subscribers within a month, and he’s since started “Extreme Fortunes” and “True Momentum.” Visit: https://www.linkedin.com/in/paulmampilly