Paul Mampilly of Banyan Hill Publishing recently wrote an article about a young woman who became a bitcoin millionaire. He says that Erica Stanford had absolutely no experience in cryptocurrencies when she started out on her path to a million dollars. She started out by investing $2,600 in bitcoin. A few months later and her account had swollen to $39,000. He says that a story like hers isn’t all too rare. A lot of people made huge gains during the 2017 crypto market runup. However, Paul Mampilly assumed it was the experts in the industry hauling it returns of 1,400 percent. He figured people who kept a constant eye on trending markets were the ones who profited handsomely when the huge surge took place in December 2017.
Erica Stanford is 30 years old and she quit her job to trade cryptocurrencies on a full-time basis. Her coworkers, boss, and family thought she was crazy. Nobody could figure out why she was taking such a leap of faith in a little understood industry. She says that just made her more driven. One day she lost $6,500 because she didn’t have access to her wallet but that didn’t deter her from her path. Just months after she started trading full-time she has made a million dollars. Paul Mampilly says that you have to love a story like hers. Millennials, in particular, are drawn to cryptocurrencies and around 50 percent say they could see it becoming their primary currency down the road.
Even the cryptomarket falling by 70 percent from its 2017 highs hasn’t discouraged millennials and 20 percent have invested in it. Paul Mampilly writes about ways of investing that deliver huge returns. He was on Wall Street from 1991 until 2009 when he decided he had enough of that and chose to retire. He now lives in North Carolina and offers his investment advice through Profits Unlimited, his financial newsletter that comes out once a month. He wants to help everyday investors make money unlike when he was on Wall Street and providing his advice just to the wealthiest 1 percent of Americans.
One important thing anyone can do with their money is investing them in the right way. Early investing ensures that your retirement is properly planned. However, one challenge most willing investors come across is lack of an experienced investor to guide them along the investment journey. For people with strong desire to invest need to know the benefits that come with it so that they don’t just take casually. Chris Linkas, a prominent investor has shed some of the benefits for the new investors to know. According to Chris, investing does well if proper guidance is done.
Chris says that time is important in allowing the investor to develop the courage to face risks. Any investment worth doing has some risks to overcome. Most experienced investors such as Chris and reputable mortgage lenders like Veterans United have affirmed that most of the highest returns on investment come from the most volatile investments. Making riskier moves helps you to know how to make your investments more productive. Among the many people who are cautious on how they invest their money are those who invest late in life.
Investors like Chris will also let you know that the compound interest would make a difference you never anticipated in your investment. The interest your interest earns is what is called compound interest. Your compound interest would start to accumulate if you learn the importance of investing early. On the other hand, experienced investors agree that early investment improves one’s quality of life. Chris Linkas is among the few people who have managed to become the heads of European investment groups, especially in the UK.
Chris got into the financial world shortly after his college education. He has worked as a competent Asset Manager and Analyst. RER Financial Group was his first employer and he worked there for several years. Chris started to grow his name in the finance world when he was the Vice President of that company. In only 18 months, he had a book balance of over 4 billion dollars to account. This opened a new door for him at Goldman Sachs in the City of New York (http://observer.com/2011/05/the-power-100-2/). Chris got international titles such as the European Head of Credit and Managing Director in 2012.