Paul Mampilly Says 2018 Is A Good Year For Internet Of Things Stocks
How does 2018 look for buying new stocks? Paul Mampilly, the author of “Profits Unlimited” says there may not be as many gems to be found this year as there were last year, but there still are good opportunities out there for them. The stocks Mampilly says are most likely to rise are “Internet of Things” stocks that involve technology powered by internet connectivity. Some IoT stocks are smart appliance manufacturers, self-operating vehicles, artificial intelligence applications and robotics and automation companies. Mampilly says he’s also excited about precision medicine, cryptocurrencies and blockchain technology. He writes more about these stocks in his Banyan Hill newsletters.
Paul Mampilly has been studying the stock market both as a professional advisor and an independent author. He immigrated to the US from India and got his bachelor’s degree from Montclair State University. He worked for several investment banks in credit and commercial banking services, and he became known for offering great insights on the stock market. He was hired to the management team of Kinetics International Fund in 2006 and while there the firm’s clients reported seeing returns top 40℅. Mampilly was also featured in a Barron’s magazine article about the firm for helping grow the company portfolio to $25 billion in assets under management.
Paul Mampilly has bought several stocks of popular companies before they became well-known that include Facebook, Sarepta Therapeutics and Netflix. He also entered the Templeton Foundation’s investment competition in 2008 when the recession was bringing a lot of stocks down. But Paul Mampilly found funds that stood to gain interest, and after one year he had turned a $50 million investment into $88 million.
Mampilly decided to leave the corporate Wall Street world in 2016 because he had made enough wealth to retire, and he wanted to provide investment information that could help middle class people. That’s when he came to know Banyan Hill, a subsidiary of Agora Financial that offered free articles and newsletters at a much lower cost than other insider publications. Mampilly began “Profits Unlimited” which picked up over 60,000 subscribers not only because of the information it provided being legitimate but also because it was easy to understand and it allowed followers to buy their own stocks without a broker. Mampilly is also the author of “Extreme Fortunes” and “True Momentum.”
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