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.
Randal Nardone is one of the presidents and co-founders of Fortress Investment Group.The other co-founders are Wes Edens and Rob Kauffman. However, Kauffman has left the company to pursue personal interests. Fortress Investment Group is all about helping people to grow their money so they can live the lives of their dreams. Kauffman had grown his money to such an amount that he was able to live his dream life. Fortress Investment Group helped him to do that. Kauffman now spends his free time racing cars and investing in NASCAR racing teams. Over at Fortress Investment Group, however, Randal Nardone, Wes Edens, and Peter Briger (who was brought in as Kauffman’s replacement) are always hard at work for their clients.
The men have built a business that consists of nearly 1,700 investors and nearly 1,000 employees.Randal Nardone is a billionaire who didn’t start off that way.When Nardone, Edens, and Kauffman started their company, they each brought with them expertise – having previously worked for other companies that allowed them to gain experience in the investing world – but Nardone also brought with him a Bachelors Degree in the field of Science.If Randal did use science, however, to earn his fortune, it was the science of how to invest.
That science degree probably didn’t earn him much, but investing sure did.Randal Nardone now owns over 53 billion shares that have a total net value of $1.6 billion, giving us an idea of Randal Nardone‘s total net worth.The three co-founders began Fortress Investment Group with a strategy that they called their “alternative-asset” strategy.With it, the men and their team focused on raising capital that they then invested into vehicles that would give their clients a good rate of return.Even though Fortress Investment Group was founded in 1998, the company began its first investment vehicle in 1999.The Fortress Investment Fund I, as the men called it, focused on earning money with real estate.Over time, the fund began to also focus on debt securities and hedge funds.