Paul Mampilly Surprises Followers By Recommending Not Buying Bitcoin Stocks

Paul Mampilly is an investor who is always looking into future tech and mega trends whenever he looks for good stock purchases, and he went from big banks to now writing newsletters where he tells middle class people what they should look for in the stock market. One of his latest topics was digital currency and how Bitcoin made a major surge in 2017. Mampilly said that although he likes the idea behind Bitcoin, he’s decided not to buy its stocks. One reason is because Bitcoin has grown so popular that it’s now becoming inflated. Mampilly says this stock has a bubble just like the dot-com bubble of 2000 and the housing bubble of 2008, and at some point as the demand falls out there will be a major price correction resulting in a Bitcoin crash. It won’t happen all at once, but over time it will fall. Mampilly says instead that buyers should look at another digital currency that he explains in his private newsletters.

The big banks Paul Mampilly worked for prior to publishing stock articles include ING, Deutsche Bank, Banker’s Trust, Royal Bank of Scotland and Sears. He holds a degree in finance and economics from Montclair State University, and a master’s from Fordham. After starting out in research, Mampilly became a portfolio manager and soon he was earning accolades for finding investments for clients that brought high yields. Mampilly was asked to bring his investment knowledge to Kinetics International Fund where the investments he made for clients made returns reaching over 40%. Barron’s even called Kinetics International as one of the world’s best investment firms at the time.

Paul Mampilly was also in the Templeton Foundation investment competition in 2008 where he took $50 million and put it into stocks that actually performed well during the recession’s toughest time. He won the competition upon making a 76% return on that investment. Mampilly has made investments in other early-stage companies including Sarepta Therapeutics, Netflix, Facebook and others. It wasn’t long ago that he retired from big banking because he felt they really didn’t help the people who needed it the most, and he also wanted a little more time with his own family. He met the editors of Banyan Hill and felt what their publishing company offered was what he wanted to offer to followers. His investment information can be found in his main three newsletters “Profits Unlimited,” “Extreme Fortunes” and “True Momentum.”

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