Paul Mampilly at one point was sharing his market knowledge with the upper echelon of Wall Street investors, but now he’s including everyone in his advice that he’s offering in his newsletters. Mampilly’s newsletters cover stocks and tell readers how they can research the right ones and manage their own investments. Among the latest stocks he’s covering are cryptocurrencies including Bitcoin and though he readily admits he likes what Bitcoin can do, he is not buying it right now.
Mampilly said that Bitcoin was one stock he missed in all his analyses and predictions for 2016 and over a year ago he would have recommended his followers buy it, but he’s seen some troubling developments happen in the last year. When an investment becomes very popular, it often ends up becoming overpriced which is good for a short-term surge, but it usually means a crash will follow not long after. Bitcoin has already begun to see some decline in its value, and while Mampilly estimates there will be some rallies, it will ultimately decline as much as 80% or greater.
Paul Mampilly became an expert investor the traditional way through a college education and going through the training programs at the big banks, but he said if he could go back and do it all over again he would have read on his own how to buy small stocks and trade them. Nonetheless, he did land some big positions at Deutsche Bank, ING and Banker’s Trust during which clients’ money saw great annual returns. His continued improvement as an advisor would then land him a Managing Director position at Kinetics International Fund. During his tenure here, he grew the firm’s total AUM from $6 billion to $25 billion and Barron’s touted Kinetics International as being the world’s best upcoming hedge fund with investment returns as high as 43%. In 2008, Mampilly joined the Templeton Foundation’s competition where he won the Grand Prize for a $50 million investment that became $88 million in one year.
Mampilly’s desire to bring his investment knowledge from Wall Street to Main Street led him to retire at only age 42, but he loved setting his own schedule with publishing newsletters. His feature newsletter, “Profits Unlimited” became one of Banyan Hill’s fastest growing newsletters reaching 60,000 subscribers almost overnight. Stocks that Mampilly found in their early stages and won big on include Netflix, Sarepta Therapeutics and Facebook.