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Paul Mampilly Says Investing In Bitcoin Would Be A Mistake Right Now

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Paul Mampilly is usually enthusiastic about buying tech stocks, especially those related to the Internet of Things which include robotics and artificial intelligence. An article he wrote for Banyan Hill mentioned Bitcoin, and he said that he hadn’t been paying as much attention to this cryptocurrency as he should have been. Bitcoin experienced a period of rapid growth in 2017, and had Mampilly seen that coming he would have recommended investors buy its stock and then sell it when it hit its highs. But because it’s now a popular stock, Mampilly says you should avoid it.

What happens not only in the stock market but in other financial markets is when the demand gets too high, inflation can happen and bubbles get built. This is what happened when investors started investing too much too early in the late 1990s in dot-com companies, and as a result that bubble burst. Bitcoin is on the same path, and while Paul Mampilly says its price drops won’t be a sudden crash, it will drop in value and eventually reach a stopping point. But Mampilly says investors can still invest in another digital currency that’s already on the market, and he reveals what that is in his newsletter.

Paul Mampilly is a former banker and hedge fund manager turned writer who went from managing the portfolios of fortune 500 executives and institutional investors to now helping individual middle class investors. He holds a bachelor’s degree in economics and finance from Montclair State University and he started out as a research assistant at Deutsche Bank. He caught on quite well to the aspects of wealth management that he took on advisory roles even while still young. Other banks Mampilly worked for in similar capacities were ING and Banker’s Trust. He became the big story of Barron’s magazine in 2006 when he joined Kinetics International Fund and helped grow their AUM to $25 billion and put client assets in funds that brought back an extraordinarily high return rate. He also won the Templeton Foundation’s competition in 2008.

Paul Mampilly had long been his own stock broker and notable stocks he bought include Facebook and Netflix at their early stages. He continued to buy more stocks even after retiring from corporate investing, but he wanted to share his portfolio with others. So he joined Banyan Hill because this company published information that was verified by real field research, and they sold information that was less costly than most Wall Street insider journals. Paul Mampilly’s first newsletter “Profits Unlimited” picked up 60,000 plus followers not only because his stock picks turned out great for investors, but also because he made investing terminology easy to understand. His other newsletters are “Extreme Fortunes” and “True Momentum.”

For details: seekingalpha.com/user/48491120/stocktalks