If you haven’t heard of Paul Mampilly before, just know that he is a former hedge fund manager that has a spectacular track record in the financial world. Mampilly started his financial career back in 1991 while working in the prominent Wall Street. Here, he was an assistant manager of portfolios at Bankers Trust. After succeeding there, he turned to great positions at both Deutsche Bank and ING. Here, Mampilly was able to successfully manage multiple multimillion dollar accounts.
Back in 2006, Kinetics Asset Management recruited Mampilly to manage their hedge fund. Let me remind you that this is a $6 billion dollar company that recruited him. Luckily, Mampilly was able to grow the assets of the company to over $25 billion. In fact, annual returns were at a staggering 26% when he was managing the fund.
Starting at $50 million, Mampilly was able to produce a 76% return for the company in a two-year time frame. The most impressive thing of all was that this was done through the 2008 financial crisis. This investment ended up growing to $88 million over those two years.
Now, Mampilly has decided to leave Wall Street indefinitely and help the average individual build wealth in this country rather than the 1%. Mampilly is now the senior editor at Banyan Hill Publishing where he helps average Americans succeed financially. One of the topics that he has recently been diving into is blockchain.
In an article that he published, Paul Mampilly said that he hated anything that had to do with the DMV. This included renewing his driver’s license, dealing with his passport, dealing with his social security card, and really any personal identification. He states that going through this process takes way too much time for what you get in return.
Paul Mampilly is in favor of blockchain technology rather than the tradition privacy process. If you don’t know what blockchain is, it is basically unalterable electronic records that can hold all personal identification in one place, kind of like a chip or a USB can. Blockchain has recently been used in the cryptocurrency world and might even transition into other industries like Mampilly is talking about. Mampilly states that he would much rather get “chipped” and have the government track all of his information that way.
In this article, Paul goes over how you can also invest in this blockchain technology and benefit from it as well. This can be done by investing in the semiconductor industry. Now, you may be asking yourself “Why the semiconductor industry”? Well, let me explain. Semiconductors are used in chips to help process data. Without them, the chips are useless. In other words, they are a key component of blockchain technology. One of the stocks that Mampilly recommended was SMH or the VanEck Vectors Semiconductor ETF. It is one of the world’s leading chipmakers and has tons of potential for future growth. Since Mampilly originally recommended investing in it, the stock has soared and is up 90%. As the industry continues to grow and develop, Mampilly says it could soar even more. Whatever the case may be, blockchain is definitely something I would start looking into. Not only does it have the ability to positively affect each and every one of our lives but it also gives us the financial potential to profit off of investing in it as well. As with any investment, do your research before taking a position. This isn’t gambling nor should it be treated like it. All in all, blockchain is on the rise and it doesn’t look like it is going anywhere anytime soon.
