Paul Mampilly On Investing For The Future
Paul Mampilly is an American investor, former hedge fund manager, and the executive editor of Profits Unlimited, under the Banyan Hill Publishing banner. Since exiting from Wall Street, where he enjoyed an immensely successful career, Paul Mampilly has been providing sound investing advice to his growing readership, as well as heading the trading services, True Momentum, Extreme Fortunes, and Rapid Profit Trader. Paul Mampilly’s incredible track record has garnered him considerable clout within the investment community, and recently, he discussed his take on the fast-growing cryptocurrency, Bitcoin, as well as the “internet of things.”
In the final quarter of 2017, Bitcoin had risen upwards of one thousand percent, reaching a value of $11,000, making many of the early investors significant returns over a short period of time. Despite its growing allure and value, Paul Mampilly is of the belief that Bitcoin will eventually relinquish the majority of its positive gains, and advises that investors proceed with caution. In fact, he also believes that Bitcoin is in the midst of a serious bubble that is sure to burst in the near future. Likening Bitcoin’s current growth to the rapid rise of bubble stocks in 1999, Paul Mampilly believes that “the only news that is taking the price of Bitcoin higher, is the fact that the price is moving higher.” According to Mr. Mampilly, similar to all bubbles, investors will eventually begin selling-off their stock in Bitcoin, effectively reduce the value to pennies on the dollar.
Despite his negative feelings regarding Bitcoin, Mr. Mampilly is extremely excited about the prospects signified by the growth of the internet of things. The internet of things allows connected devices, such as smart appliances vehicle sensors, to communicate with each other, as well as with the people utilizing them. With a number of solidified corporations actively implementing IoT technology, many companies that manufacture these parts and appliances will see exponential growth, making ideal investments. The Pratt & Whitney PW1000G plane engine, which utilizes in excess of 5000 sensors, is helping to redefine the aircraft industry, thus, also helping to grow the suppliers of these sensors, tremendously in regards to investment value.
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