Paul Mampilly Is For Digital Currency, But Warns That Bitcoin Isn’t Doing Well

Paul Mampilly is part of the editorial team at Banyan Hill, a publisher of information on making your own investments and becoming financially independent. He focuses primarily on new unheard of stocks, but every once in a while he’ll give his opinion on other investments including cryptocurrency. He once told readers that cryptocurrency is a good investment to make, but he also warned them about Bitcoin, a popular cryptocurrency that exploded in market value in 2017 but to a point that greatly concerned him. What’s happened is the demand for Bitcoin was driven higher than it should have been, and the high prices have formed a bubble. It’s the same kind of bubble that happened to the internet and tech explosion of the late 1990s and the housing market in the mid 2000s. Mampilly suggests not buying Bitcoin at this time, but in his newsletters he reveals another cryptocurrency that’s more stable. Follow Paul on Twitter.

Paul Mampilly came to Banyan Hill after 20 years in commercial banking and running a hedge fund. He earned his bachelor’s degree at Montclair State University and his master’s at Fordham. He became adept at investment advice while serving in managerial roles at Deutsche Bank, ING, Sears and Banker’s Trust. He helped start a consulting firm in 2003, and then three years later became a hedge fund director at Kinetics International Fund. He brought in many new institutional investors while he was there and managed over $25 billion in funds.

Paul Mampilly surprised many when he bought stocks in Facebook and Netflix several years before they became mainstream. He sold those stocks after they made near 300℅ gains, and he impressed the experts even more when he joined an investment competition during the 2008 recession and grew $50 million into $88 million. But he made the most surprising move when he left Kinetics International Fund and the rest of the big Wall Street banks and later told his friends and former coworkers he had done so because he wanted big change. As an editor for Banyan Hill, Paul Mampilly has been able to help more people and it gives him the chance to write about investing in his own way. He also has videos that show how he makes trades and builds his portfolio, and he uses fairly simple terms to explain how investments and the stock market work. His three newsletters are “Profits Unlimited,” “Extreme Fortunes” and “True Momentum” which can all be subscribed to by going to www.BanyanHill.com.

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Paul Mampilly; Winner of Templeton Foundation Investment Competition.

On March 9, 2017, the newsletter Profits Unlimited, reached 60,000 subscribers, becoming one of the fastest growing newsletters in the investment industry. Profits Unlimited is the brain child of Paul Mampilly. Mampilly has worked on Wall Street for over 20 years, and has been with clients such as Kinetics International, ING, and Deutsche Bank. He knows the business, and has shared his knowledge in his newsletter, published by Banyan Hill Publishing.

Paul Mampilly was born in India, and later as a young man, came to the United States. He joined other young men looking to make their mark in Wall Street, and quickly rose through the ranks. He started as a research assistant for Deutsche Bank, but rapidly rose to take on key positions to manage multi-million dollar accounts for ING and Bankers Trust, in addition to managing money for Sears, The Royal Bank of Scotland and a private Swiss Bank. The owner of Kinetics International Fund asked Mampilly to become its key manager, and while there the firm’s assets reached 25 billion with an average of 26% annually; with Barron’s naming it as one of the world’s best hedge funds.

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Mampilly was asked to participate in a prestigious investment competition which was organized by the Templeton Foundation. Starting with an investment of $50 million, Mampilly not only generated a 76% return in a single year, growing to $88 million, but he did it during a stock market crash happening in 2008-2009. Paul Mampilly’s personal accounts are impressive, having invested in Facebook, Whole Foods, Grifols, Cemex, several pharmaceutical companies, Netflix, and more. By the time he reached the age of 42, he grew tired of Wall Street and started up Profits Unlimited a publication that finds stocks that go up. He now helps out Main Street Americans to invest wisely.

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