Paul Mampilly on how Technology has Impacted the Investment Industry

Young people have recently learned the art of investment, which is a very encouraging aspect to the investment gurus such as Paul Mampilly. They feel delighted when they see the young individuals with enthusiasm for investing and generating wealth from the little amount that they earn from their regular sources of income. However, with the changes in the technology, the youth has adopted different and more viable investment strategies that are helping them gain super-normal returns on their investments. For instance, Paul Mampilly highlights the revolution that has been brought about by the entrance of cryptocurrencies in the market. The bitcoin, for example, has seen a lot of young investment enthusiasts gain a lot from their investments.

A lot of young people and especially those in college have gained interest in bitcoins, and some of them are investing in the cryptocurrency. When interviewed, the students say that they would rather invest their $1000 by buying a bitcoin than investing in the bond market. This is because they have confirmed that in the bitcoin investment, though the market value has been volatile, there is some tangible investment return. Paul Mampilly illustrates an experience of a girl who bought a bitcoin with $1250 that she had saved from her side hustle. Within the next few months, the value of her investment had raised to $39000 which made her a bitcoin millionaire.

The next minute the girl was quitting her job to start her full-time engagement in bitcoin investment. Many people had criticized the girl’s decision to quit permanent employment to enter an unknown market. However, she decided to stick on to her decision, and today, she is one of the people who are proud of their past decisions. At the age of 30, she is in the list of the few millionaires who have met their success through the bitcoin. Artificial Intelligence is also another aspect about which Paul Mampilly emphasizes. He states that this technology has enormous potential to transform the investment management industry as it has done to the other economic sectors. One of the main sectors that the technology has transformed, from the view of Paul Mampilly is the customer service.

Leave a Reply

Your email address will not be published. Required fields are marked *