Billionaire and founder of An investing firm, Shervin Pishevar, recently went on what has been referred to as a tweet storm, releasing 50 tweets aimed to identify and to break down, a number of economic trends that he predicts will change the state of the global economy. Over the course of his career, Shervin Pishevar has correctly predicted a number of important financial changes regarding the stock market and has also been an early investor in several transcendent companies, including Airbnb and Uber.
Google and Amazon were two of the major conglomerates that Shervin Pishevar predicts will undergo a significant downturn in the near future. Many people are taking his predictions very seriously, as one day after going on the tweet storm, the market began to suffer tremendous losses, with the Dow declining at an alarming rate, and the S&P struggling to regain its footing. As a result, the markets began to panic, and historically safe bonds and industrials began to lose their security. In a half hour, a huge sell-off resulted in the Dow dropping 500 points, and Shervin Pishevar, referencing the constant bragging of President Donald Trump regarding the ascending nature of stocks in recent times, created the phrase, TrumpDump.
The first of Shervin Pishevar’s tweets came around 9 pm on February 5th, and he immediately began discussing the current state of U.S. markets, predicting that over the next few months, the U.S. stock market would suffer a 6000 point drop. Throughout the course of the tweet storm, he would elaborate further on his predictions, which seemed to give them more credence, particularly considering the fact that Mr. Pishevar had recently taken a hiatus from Twitter. Once Shervin Pishevar reached his 24th tweet, he touched on one of the most popular topics of recent economic debate – Bitcoin. In light of its recent decline, Mr. Pishevar predicted that the cryptocurrency would continue to drop consistently, before rising again at a stable pace over the next two years, which makes sense, as Bitcoin recently reached a price of 20k, before swiftly dropping back to a price of 8k.
There’s likely to be changes coming to healthcare and the agent of those changes is going to be the already disruptive e-commerce brand, Amazon. What Amazon plans to do is setup a prescription purchase program that eliminates a lot of the steps that most other pharmacy companies have when you buy drugs from them, but most importantly they’re going to cut out the middleman. Many healthcare stocks that have operated with the usual middlemen involved in their drug manufacturing and distribution have been targeted by Amazon and seen their values drop, and stock market expert Paul Mampilly says those drops are likely to continue. While transparency in the pharmaceutical distribution process may be necessary, this move by Amazon spells trouble for investors, so Mampilly says if you see any healthcare stocks drop to bargain prices, do not buy them because they are likeln by to be investment traps. However, Mampilly did put out a new article at Banyan Hill saying there are still some healthcare stocks to look into that aren’t likely to be affected by Amazon. More info can be found here.
Newsletters and articles on buying stocks have become the media that Paul Mampilly uses to give advice to middle class investors. He was originally an advisor to many wealthy executives and big investors on Wall Street, a career that began after getting a bachelor’s degree in finance from Montclair State University. Mampilly was a research assistant for a few years at Deutsche Bank and then became a portfolio manager at ING and Banker’s Trust. He moved up to a prominent role as Managing Director of Kinetics International Fund and oversaw billions of dollars in hedge fund investments, and during his time there he made the headlines of Barron’s magazine for bringing in 26% annual returns in investments.
Paul Mampilly had most people talking when he made bold predictions about the rise of Facebook and Netflix, and he had long been building his own stock portfolio by the time he decided to retire from Wall Street. He was ready to leave the 16-hour work days behind and decided to become a newsletter author because he could now help people learn to invest without having to cut through all the barriers that the big Wall Street banks had in the way, and the newsletters offered at Banyan Hill were reasonably-priced. He accumulated over 60,000 subscribers when he first started writing “Profits Unlimited,” and since then he’s also had two other newsletters published. You can also see investments in action if you follow Mampilly’s YouTube channel or visit his facebook page.
Learn more: https://www.crunchbase.com/person/paul-mampilly