Paul Mampilly believes in several things that make him successful including contemplating how he could be wrong and understanding why. He says that the investing world is always changing and you have to be ready to adapt to those changes if necessary, and he’s always reading up on the latest technology and trends to help him make informed investing choices. One of the latest technologies is Bitcoin to which Mampilly told his newsletter subscribers he does believe in, but surprisingly he’s telling them not to invest in it.
Mampilly said Bitcoin made a great surge this last year and has great benefits, but it’s now becoming too popular on the stock market. Mampilly noted that when a commodity becomes too popular, its prices tend to go up very high and build what’s called a bubble, a process that happened in 1999 when the dot-com market crashed and later in 2008 when the housing crisis occurred. Bitcoin also saw its price go to a very high $5,000 on the market, but Mampilly said it’s likely to come down by at least 80% of that value perhaps more. Mampilly didn’t rule out investing in all digital currencies though and told his followers they could invest in another one that’s much more stable only disclosed in his “Extreme Fortunes” newsletter.
Paul Mampilly was in the big banking industry for many years after he moved to the US and completed his bachelor’s and master’s degrees. He also was a hedge fund manager at Kinetics International Fund, the founder of Capuchin Consulting and the winner of the Templeton Foundation competition. But he decided he had enough of Wall Street a few years ago because much of the non-accredited investors were left out of the best investment banks and firms, and he felt he could do more by publishing his knowledge elsewhere. He also wanted to spend more time with his family.
Paul Mampilly chose Banyan Hill Publishing because they sought to give regular middle class investors good information at much less cost than most premium publications. His first newsletter to be published was Profits Unlimited which became subscribed to by over 60,000 people because it showed them how to get into stock buying without the middlemen and brokers. Mampilly then went on to create two more newsletters in “Extreme Fortunes” and “True Momentum.” He also has put out many YouTube videos sharing his stock analyses.
Paul Mampilly’s Facebook Page: www.facebook.com/PaulMampillyGuru/