Tech stocks may be some of the most powerful on the market today, yet author Paul Mampilly recalls when they were going through troubled times back in 2000. The tech bubble, or dot-com crash as it was also called wiped out many companies and nearly even took down today’s most powerful e-commerce store, Amazon. It happened because people invested in tech companies and their stocks grew a little too popular too quick. Mampilly says now a similar thing is happening with cryptocurrency such as Bitcoin and Ethereum.
Paul Mampilly wrote in one article that he believes cryptocurrency is a good concept and that at some point it will have a good future in the mainstream. But it’s become too high in demand right now at a time the economy isn’t ready for it, and as a result its prices which reached record highs in 2017 are coming down in 2018. Mampilly says Bitcoin has to hit a bottom pretty far down before it can recover and become stable again. He shares information on more stable digital currency investments in his newsletters at Banyan Hill, a financial digital publication website.
Paul Mampilly moved into writing investment blogs and email newsletters after deciding to leave his old life on Wall Street. Holding a bachelor’s degree in economics and finance from Montclair State University and an MBA from Fordham, Paul Mampilly has worked for some of the world’s top banks and advised millionaire and billionaire clients while doing so. He was featured in Barron’s magazine in 2006 when he joined Kinetics International Fund, a big Wall Street hedge fund that he grew from $6 billion to $25 billion in AUM. Mampilly often shared his insights with analysts on CNBC and the Fox Business Network, and he bought stocks that he sold for huge profit after they hit high levels including Olympus Corporation, CEMEX, Facebook, and Sarepta Therapeutics which gained over 1,000℅ in a very short time.
Paul Mampilly didn’t like working long hours as a hedge fund manager, so he stopped working for big name executives and decided to work for himself. He realized with his newsletters he could show people who knew very little about buying stocks how to get into the market without making large of investments. What he does is offer a close-up look at his portfolio and other tips for stock picking. Mampilly spends more time now with his family such as going to school events, youth sports and going on vacation.