Paul Mampilly: Use These Three Tips for Investing in 2020
Investing in today’s market is nerve-wracking.
With stocks shooting up 500 points one day and down 500 points the next, you may be wondering how you should invest for 2020.
Top investor Paul Mampilly – who’s hedge fund was ranked in the top 1% by Kiplinger’s – has three tips for you.
First, be thankful every time the market drops. “It’s a gift,” says Mampilly, “the economy is strong. Real strong. I believe the Dow will soar to 50,000. So these short pull backs are great opportunities to buy more of your favorite stocks.”
Second, stop diversifying. Instead, Mampilly says “only buy stocks that are on the forefront of a major technological revolution. Those are the ones that will soar.”
Mampilly has spent the last several months studying one such stock. A small California-based chipmaker that’s developed a new technology that could unlock an entire new industry.
That stock is none other than …
Micron (MU) which has recently dropped as much as 50%.
Which leads to Paul’s third point.
Third, buy stocks at the right price. “Micron is a great example. It’s an amazing company, but at $60, it’s just too much money. Now that is nearing $30 … I give it a strong buy”
Since his retirement from Wall Street, Paul Mampilly has spent a good part of his career giving speeches to readers of his Bold Profits newsletter to help them avoid the devastating pitfalls that many fall into.
Much of his advice is contrary to conventional wisdom.
For example, in 2016, Paul recorded a video from his home in Raleigh, NC. In it, he told people to go “all in” on Internet of Things stock STMicroelectronics (STM) for only $6. Many thought that was too speculative, but today the stock is sitting at $13.
A year later, he recorded another video revealing why the Dow will soar to 50,000 by 2025. Paul still stands by his claim stating “The big boost to the stock market will be the 90 million millennials who are just starting to invest. We are nowhere near a top.”
And most recently, he revealed a new video presentation with all the details behind a company he is calling “the stock of the century.” He believes it has a ton of potential as it holds the key to unlocking a $3.1 trillion industry.