Paul Mampilly believes that the internet of things is changing the way the economy works, similar to the way the advent of personal computing changed the economy in the 1980s. It will increase the productivity and profits of companies all over the country. In addition, there are now ninety two million Americans who are willing to start spending money on the new technologies that are coming out, similar to the emergence of the baby boomer generation in the 1980s. Then, there was a huge bullish market, and the Dow Jones rose from what was one thousand in 1982 to twenty five thousand now. Paul Mampilly saws that according to his research, he predicts that the Dow Jones will soon rise to fifty thousand and way beyond that. Millennials are now at the peak power when it comes to income and earnings, so they are spending a lot more and more. They are changing the way the economy operates, as they are the face of the new consumer.
There are those that say that the United States stock market is bound to crash. Paul explains that the people on the internet who are saying these things are not correct. They are simply wrong. He points to the 1980s, when people were saying the same thing. In fact, Business Week had a cover page that said that the 1980s was the end of equities. It was just so mistimed and wrong. If you had listened to the naysayers then and decided not to buy stocks, you would have lost a lot of money. People who invested ten thousand dollars in 1982 ended up with fourteen million dollars in 2000. Paul Mampilly explains that people were skeptical because there were bad things that happened in the past that were affecting the way they looked at the future. The same goes for today. In 2008, there was a crash, and people are paranoid about happening again. However, if you look at what is really going on and you don’t concentrate on your fears, you will see that the stock market is at a great point.
Paul Mampilly won the Templeton award for investing in stocks that brought a 76% ROI. He started Profits Unlimited, which now has around 90,000 subscribers.
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