Paul Mampilly is a notorious financial guru that once worked on Wall Street. Mampilly voluntarily left Wall Street and is now taking pride for assisting the everyday man with investing. Mampilly earned his MBA from Fordham University in 1996 and is currently the Senior Editor of Profits Unlimited, Extreme Fortunes and True Momentum at Banyan Hill Publishing. Mampilly is very much involved with the companies and also writes columns to help investors of all categories. Mampilly has stated in several interviews that he wants everyday people to gain knowledge in the market. He has appeared on various financial television and radio shows such as Fox Business, Bloomberg, CNBC, and other financial related news publications.
— Paul Mampilly (@Paul_M_Guru) September 23, 2017
Paul was a strong figure on Wall Street, managing multi million dollar accounts at Deutsche Bank and ING. In 2006 Paul went to work for Kinetics Asset Management. Kinetics heavily recruited Mr. Mampilly to organize and run their hedge fund and eventually helping rising the companies assets to $25 billion dollars. In 2008 and 2009, during the financial crisis’s, Paul got involved with an investment competition that was organized by the Templeton Foundation. Paul took a beginning investment of $50 million and, in one year, turned it into 88 million dollars. Eventually, Paul left Wall Street and has switched gears, helping people with retirements and every day workers with investments.
Mampilly’s Recent Warning about Bitcoin and Cryptocurrency
Mampilly, in a recent article, has clearly stated his concern about the Bitcoin and cryptocurrency market. Mampilly has come out and stated that the cryptocurrency bubble is about to burst and that people will eventually lose their money. The financial guru doesn’t know the exact time this will occur, but has stated that it is only a matter of time. Reports are showing a large rise in price of cryptocurrencies. The media continues to report that Bitcoin is going up and this is making investors purchase more Bitcoin. Mampilly’s advice is that Bitcoin and other cryptocurrencies are going to crash and the bubble will burst. Mampilly has experience in this situation. Mampilly recalls this same scenario back in 1999, when the bubble crashed. It is noted that Mampilly did not lose any money from the 1999 financial crisis. He sold every stock prior to the bubble burst. Mampilly is now studying the current market and is sharing his information to investors so that they can remain successful in with their portfolios.
About Paul Mampilly: dailyreckoning.com/author/pmampilly/