Everyone seems to be caught up in the recent media frenzy about Bitcoin. People are buying a lot of Bitcoin. Some are making money. According to the former operator of the world’s best hedge fund and the winner of the prestigious Templeton Foundation award, Paul Mampilly, they are all making a grave mistake. He believes that there will be a big crash. He can not say for sure when exactly it will happen, but what he can say is that it is a matter of when, not a matter of if.
When Paul Mampilly thinks of Bitcoin, his mind goes back to 1999, when his friend Tess owned stocks in technology company that went up by one thousand percent. She was rich, she told him. It took his breath away, but he knew deep down that if a stock can rise so quickly so fast, it can drop that much just as quickly.
Lest you think that the stocks that were represented in the dotcom bubble of 1999 were stocks of minor companies, you are mistaken. Unlike Bitcoin, which has many flaws and does not seem to have anything of substance in nature to offer, the stocks in the 1999 bubble belonged to major companies in the Nasdaq index. For example, one of them was Qualcomm, who had stocks that were up by more than two thousand and six hundred percent. If those stocks, from those major companies, can drop so quickly and their holders can lose so much money, then the people who own Bitcoin surely should be afraid, as Bitcoin can certainly drop.
What is similar about now and then is that many people investing are simply newbies. They are not experienced investors and do not know that a stock going up quickly is not a good sign but a sign of a bubble. Many were disappointed then, and many will be disappointed now.
Paul Mampilly did not lose any money in 1999. He sold all of his stocks early, because he saw the bubble for what it was, and he saw the crash that was to come soon after. If you do not want to lose so much money on Bitcoin, then you should sell your Bitcoin right now too. For more info about us: https://dailyreckoning.com/author/pmampilly/ click here.
Paul Mampilly is the Founder of Profits Unlimited. He works with Banyan Hill Publishing as a senior editor and advisor.
Living in the Rocket City otherwise known as Huntsville, Alabama home of Space Camp, Barbara Stokes lives a life of determination. As a mother of three growing boys she lives a very busy life. On top of motherhood, Barbara is also the CEO of Green Structure Homes! Known for its safe creative modern modular homes, this company is not only fast growing but rewarding as well. Follow Barbara Stokes on Facebook.
Founded in 2008 by Barbara and her husband the company is a big part of Barbara Stokes everyday life. In October of 2017 Fema awarded Green Structure Homes 28.5 million dollars to assist communities in need such as those hit by Hurricane Harvey, Katrina, and other disasters. Blasting off, the company immediately began plans to create jobs and homes in eight different states. Read more about Barbara Stokes at crunchbase.com.
Barbara a graduate of Mercer University’s engineering department and is not only well versed in government contracts but in real estate as well. She uses this knowledge to keep the company creating clean single family developments with in-ground utilities, amenities, and paved roads. Her philosophy when it comes to development is all about family. Her own family, including her sister Ann Mix and her husband Scott, work closely with her to accomplish her goals. She wants to provide homes and communities where families can spend quality time together. Barbara insures that her company uses only clean, high quality materials that will last a lifetime. Barbara often volunteers in her local community giving her excellent ideas how to better her company in assisting other communities. Improving the land and using an area’s natural beauty is an important factor in the companies development plans. Armed with over 30 years of combined disaster relief experience and big hearts Barbara and her husband plan to lead the company in making peoples lives better all over the United States.
Jos AuriemoNeto is one of the people leading JHFS, one of the biggest real estate firms in all of Brazil. The company is known for providing some of the highest quality of properties to clients all over the country. The company was founded by Jos AuriemoNeto’s grandfather in 1970 and since then has remained within the Neto family. Jos AuriemoNeto is an incredible leader to JHFS and has been behind some of the company’s biggest projects till date. He has an incredible amount of knowledge and expertise when it comes to the field of real estate. Learning from the older members of his family, Jos AuriemoNeto has real estate running through his blood, which is why he was perfect for the job. He leads the company from his position of chief executive officer and also serves on the board of members for the company.
Jos AuriemoNeto has a huge family legacy to uphold, which is why he has been trying to take the company in a direction that is favorable for its growth and development. Ever since the company started out in the field of real estate all those years ago, it has had to continuously innovate and adapt to meet the growing needs and demands of the people who are looking to buy properties. Adapting to this was the only way which the company could maintain its position at the top of the real estate field in Brazil. JHFS is looked up to as an extremely prominent company in the field. It provides some real estate solutions to its clients, which range from individual home buyers to large businesses looking for office spaces. By providing a healthy mix of commercial and residential properties, the company has managed to stem its position in the industry.
One of the reasons why the company has managed to stay at the top is owing to the services that JHFS provide. The company goes out of their way to ensure that all their clients are treated extremely well, and can find the property that is just right for them.
The real Estate business has been expanding for the last few years with individuals as well as organizations investing in the industry. Jason Halpern has ventured into the real estate business in the United States. Mr. Jason comes from an entrepreneur background where his family was involved in real estate development.
Halpern is the founder of JMH Development, a real estate company that engages in the development and construction of properties in New York and Miami. Mr. Halpern refers his real estate company as a “Boutique Development firm.” Since the foundation of the organization, it has been able to complete development and construction projects worth $500 million one of them being the 200-plus rooms Aloft South Beach in Miami which was developed by JHM ns Madden Real Estate Ventures.
Jason Halpern loves what he does, and he does it with a passion. His hard work and determination to see the expansion of the real estate company led him to sign a contract with RockPoint Group and Kusher Companies to renovate Wild Turkey Bourbon Warehouse in Williamsburg into condos. In 2010 Halpern’s company JHM converted the warehouse into 338 rentals, and the remaining will be taken over by Kusher Companies. Jason Halpern is a leader who has been taking his development firm to greater heights. Recently JHM and Madison Real Estate joined to acquire Brooklyn Heights Cinema where they two Groups are constructing condos.
Jason Halpern began his career in the real estate industry working at his father’s company which was known as Halpern Enterprises. His father Joel was also a national champion in offshore powerboat racing. Jason is referred to as the pioneer of real estate, and he has been working continuously to take his development organization to higher heights. Jason has also been leading his company in the development of unique buildings. He trusts that the completion of the Aloft South Beach in Miami will mark the beginning of another momentous in the construction sector, and it will be of the new building in Miami since 2009. Jason Halpern has a son from his previous marriage, and he is currently dating his Ukrainian model girlfriend.
Jeffry Schneider is the founder of the Austin-based Ascendant Capital LLC. The company engages in marketing, sales, operational services and education. In addition, the firm uses innovative approach to design financial structures that enhances capital-raising strategies. Ascendant Capital distributes the public and private services through its network of family offices, private banks, broker dealers, and registered investment advisors. The company has experienced rapid growth considering that within five years, they have recruited more than 25 employees. Within the same period, Schneider and his team raised close to $1 billion. In addition, the company maintains a strong relationship with over 50 broker dealers and 250 investment advisors. Ascendant Capital uses the funds to invest in tech companies, real estate, auto dealerships and others ventures. Jeffry and his team remain optimistic that they can raise up to $50 million monthly.
Schneider is an alumnus of the University of Massachusetts, Amherst. Previously, he worked for Paradigm Global Advisors and Axiom Capital Management before founding Ascendant Capital. In addition, Jeffry served at Merrill Lynch, Smith Barney and Alex Brown. Jeffry believes that alternative investments are significant in diversifying holdings and reducing volatility considering the dynamic markets of today. Jeffry posited that allocation to alternative investment is higher compared to most RIA’s. He explained that in most cases, client portfolios are channeled to alternative investment.
Ascendant Capital has a favorable environment that promotes open dialogue and a sense of trust among employees. This culture plays a major role in the company’s success. The company believes in the core value of transparency. Over the years, the company has learnt to prioritize the needs of their clients. Mr. Jeffry Schneider has a particular interest in healthy eating and fitness. To this end, he has participated in several marathons, half marathons and ironman challenges. Owing to his deep passion for adventure, Jeffry has traveled to most parts of Europe, Asia, and South America among other destinations. As a philanthropist, Jeffry Schneider has engaged in different initiatives that seek to enhance the lives of the people. He has donated funds towards charitable organizations like Cherokee Home for Children, Wonders and Worries, the Gazelle Foundation and God Loves We Deliver.
Instant Alliance is IT Company that deals with staffing and recruitment. It is located in Chicago, and it has missions and visions that for a firm to succeed in business, it must make use of people. When it comes to the success of your business, it is important to ensure that you have the best IT experts because today technology is advancing and businesses should go along with technology. Rona Borre is the best concerning the identification of talent. She is the best for that work. Companies are sure that with the services of this company, they can excel. Check on chicagobusiness.com
Rona Borre has a passion for developing the talent of young people. That is why she started Instant Alliance so that she can help young people who want to establish a career in Information Technology. She is always happy to see businesses succeed and that is why she does everything to ensure that they get the right candidates who can work and enable the organizations to achieve great success in their endeavors.
Instant Alliance deals with two types of staffing. They deal with staffing concerning technology as well as staffing regarding finance.
She works with different organizations to give the best staffing that any company can get. She has a way of identifying talent and ensures that she has connected such a talent with the right people. If you a business owner, you know that people are the best resource for the growth of your company. Instant Alliance knows that, and that is why Rona Borre is always looking for ways to serve her clients who have found her useful for their organizations.
Mr. Hussain Sajwani is a extraordinarily philanthropic individual. Through his group, DAMAC Properties, Hussain has presented two million AED’s, or Arab Emirates Dollars, in an effort to facilitate funding to provide urgently vital outfits to underprivileged children across the world. It is hoped that Mr. Sajwani’s extraordinarily generous donation will aid over 50,000 underprivileged children with outfits.
His group, DAMAC Properties, also houses a hospitality section called DAMAC Maison. This section of his company provides exclusively tailored services to the residents of their approximately 8,000 hotel apartments, including an extra 2,810 rentals projected to be included within one year’s time.
Mr. Sajwani is friends with Trump’s family. Trump’s immediate family members do not fall under a conflict of interest for entering into business dealings in Dubai, with the Trump brand name. This aspect was exposed to Mr. Donald Trump when Mr. Sajwani was in the U.S., at a dinner with Trump’s family. Mr. Sajwani made Mr. Trump aware that he became mindful of the detail that Trump could steer clear of legal difficulties regarding their business partnerships, if the ventures were to be accomplished, on documents, with Trump’s children and wife.