Paul Mampilly Compares Now to the 1982 Bull Market
Have you thought about investing in the stock market? According to investing expert Paul Mampilly, now is the best time to invest in the stock market. He predicts that the Dow Jones industrial average will reach an all time high in the near future.
Paul Mampilly says that the current situation can be compared to the stock market in the 1980s into the 1990s. The fact is that the Dow Jones grew tremendously during that time. Paul Mampilly explains that the reason for this was twofold. First of all, there was the emergence of a brand new technology that greatly impacted the world and the way people live their lives. It was called personal computing. The second thing that happened was that the baby boomer generation started to enter the marketplace. They started contributing to the economy by buying new products and services. They started buying stuff. They started working. Therefore, they had more money. They started to use that money to buy new things. In short, the combination of technology and the baby boomer generation created the greatest bull market in American history, according to Paul Mampilly.
Paul Mampilly says that if you would have put ten thousand dollars into the bull market in 1982, you would be left with fourteen million dollars at the end of that bull market in 2000. A lot of money can be made in a short amount of time. People who invested in the right companies made a lot more money than that, depending on how much they invested. Take Microsoft, for example. It was up by around sixty thousand percent. People who invested in it at the beginning made huge returns on their investments. Even companies like Home Depot were up by around forty five thousand percent.
These two factors come into place now as well. You need the emergence of new technology that changes the way the world works. You have that now with the internet of things. In addition, you need a new generation that is interested in buying the new technology. You have that with the millennial generation.
Paul Mampilly has worked with Deutsche Bank and many other famous players on Wall Street. He retired in his 40s in order to teach Main Street Americans how they can make money through investing.
Paul Mampilly’s Social Media: twitter.com/Paul_M_Guru