Paul Mampilly Says Investors Should Get Out Of Bitcoin Instead Of Buying It

Paul Mampilly wrote in a Banyan Hill article about telling a friend once about selling off tech stocks in 1999 right before the year of the dot-com crash. She kept seeing the stock rise and told Mampilly that she needed to hold onto it so she could become wealthy in one more year. But after the crash her portfolio lost nearly everything and she later wished she had heeded his advice. Mampilly admits he may even have sold his stocks a little too early in the period leading up to the crash, but in the end he was glad he did because his assets were safe in the long run. Follow Paul on Twitter.

Paul Mampilly says another bubble is hanging right now in the cryptocurrency market because Bitcoin was reaching prices that were too high in 2017. The pattern in the cryptocurrency market is the same as it was in the dot-com market, and that’s why Mampilly is telling people not to buy Bitcoin. He says he believes in several years after the Internet of Things takes off and the need for digital currency grows, Bitcoin will be a great investment. But for now Mampilly suggests looking elsewhere and lists other digital currencies in his newsletters.

Paul Mampilly was seen as an up and coming Warren Buffet in his younger days in the big bank offices. He was ambitious and eager to learn all the tricks to the trade of investing, and as he gleaned more information about the markets he was able to invest client assets in high-performance funds. He served at Deutsche Bank, ING and Banker’s Trust before becoming managing director at Kinetics International Fund where client funds saw about 26℅ in returns.

Paul Mampilly had a great paying job while living on Wall Street, but he wanted to help average Americans instead of the top 1℅. He had already had a lot of wealth built up in his personal portfolio, and now he wanted to allow others to see it and learn how to accumulate their own wealth. So he decided to become an author for Banyan Hill because many other former executives also wrote articles there, and he knew he could create videos and offer perspectives to readers that they were unlikely to hear elsewhere. Mampilly covers stocks and ETFs in segments such as the Internet of Things and millennial entertainment trends. You can gain knowledge from reading his newsletters at www.BanyanHill.com.  See more: https://www.facebook.com/PaulMampillyGuru/

 

One Reply to “Paul Mampilly Says Investors Should Get Out Of Bitcoin Instead Of Buying It”

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