PAUL MAMPILLY’S 100X – SEASON 3Hello Everyone I saw the text from Lazutinku , Hopefully everyone will see this thread and we get goin
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I haven’t followed Ian King, but from what I’ve read here, you do not want to follow him. I am subscribed to Ian Dyer’s service, which is okay. Many positions are currently down. Jake McCarthy with Raging Bull is extremely knowledgeable. You can find him on Twitter.
In my opinion IK is also an expert who began his career earlier than ID in crypto space. And his recs prove it. Thanks.
Thanks for the feedback. Although I have been listening to PM ‘s BOP belief in crypto, I am a little nervous because it’s something new to me. PM has only recommended BTC, ETH and DOGE, correct? Does PM work on the crypto portfolio with Ian Dyer?
Also does anyone know anything about.Xt.com? It advertises XTDT which I guess is another digital coin but I don’t think it can be bought on coin base. I am thankful for all of the people here who are helping to educate me.
Thanks devildog132 for the 100x pick, got in around $12, will add more if it retreats as usual.
Thanks for all of the great discussion everyone adds to this thread.
An article I just read implies that the restrictions Chinese regulations placed on Bitcoin mining, and the subsequent selling, look to be rapidly diminishing and a bump up is on the way, here’s hoping.
Merry Christmas & Happy New Year all!
I sold VJET, MAPS, and PSTI for tax harvesting! I’ll buy PRLB, LTHM or RBLX
Hi Doc, Is LTHM a recommendation from Mampilly? I can not see it on the spreadsheet. Thanks!
LAC and PLL are PM’s rec, but not LTHM. It’s a personal pick,
By the way, LTHM is IK’s rec but I bought it way before IK recommended it
Does anyone have any preference between Robinhood or Coinbase for buying crypto? Is now a good time to jump in or is it better to wait until after the new year? Thanks
I personally have crypto in both. Coinbase is superior in my opinion for holding long term because you have the safety of holding it in a wallet and you can move it to a more secure wallet if needed. At the moment you cannot do anything in Robinhood except for buying and selling. I have a little bit of Bitcoin and Ethereum in there that I plan to sell if we go on another bull run. The crypto that I hold in Coinbase I plan to hold for years.
Thank you very much for the information. As you can see I know very little about crypto. Once I set up an account on Coinbase, does the crypto I buy automatically go into a wallet or do I have to set up a wallet?
How is holding crypto or moving crypto into a wallet different then holding stocks on TD Ameritrade.?
see the link I posted for the best way to play the crypto market
Can you please re-post the link? I was not able to find it. thanks!
With exchanges such as Coinbase, you don’t need to create wallets. After your purchase, coins/tokens are automatically placed into their respective wallets. As for keeping your crypto on an exchange, I think it’s mostly about insurance; although some exchanges carry limited insurance, cryptocurrency itself not insured by the SIPC the way brokerages are, thus your assets are not protected. That’s one reason why some prefer to self-custody via cold or hot wallets. Another reason might be the agility that cold or hot wallets provide for transacting on a DEX (decentralized exchange), such as UniSwap, PancakeSwap, etc. Also, if you’re staking crypto on a decentralized exchange, you’ll need to connect a cold or hot wallet to said exchange.
No. You do not have to move crypto purchased on Coinbase to a wallet. In that sense it’s similar to holding in a brokerage.
A wallet simply just an electronic address where you crypto is currently residing.
The difference between crypto and stocks is that they can be stolen and there is no recourse for you if someone hacks your Coinbase account and can access that wallet. (Folks will argue about how likely that is to happen).
Your wallet is actually public knowledge and anyone can see what you own in that wallet, like anyone can see your house from outside if they know your street address. Your password then becomes kind of like the keys to your front door. Holding those keys safely is the added vulnerability of crypto since crypto on the whole is more like currency than it like is an equity.
For that reason many people will transfer and hold their crypto on a “cold wallet” which is basically a fancy USB drive which isn’t connected to the internet. In that sense, you are your own bank but there are risks there as well such as losing your USB/keys.
There are other options out there across the spectrum and function similar to how you might envision your online bank holding your crypto and allowing you to withdraw it.
I would suggest you play around in Coinbase a while. It’s a user friendly interface. I would especially practice sending some of your crypto to friends or family so you can learn how to move things around safely.
It’s certainly new and can be intimidating but it’s nothing revolutionary. I personally find the sheer number of coins out there to be more intimidating.
You would do well to consider these various crypto recommendations as you would startup companies trying to achieve a market cap and applying the same rules to them that you do for stocks (mission, moat, competitive advantages, competition, regulatory headwinds). Like with startups many of the companies won’t survive and some of the coins are nothing more than penny stocks and should be treated as such when someone has a can’t miss opportunity.
Hi Mariassa, with Coinbase you don’t need to use another wallet. Once you have purchased a token, you can choose to leave it in your Coinbase portfolio (as you do with your stock in TDAmeritrade) or to move it into the “Safe” (which is more secure since it requires 2 different email addresses to authorize a withdrawal and that withdrawal takes 48h). If you plan to buy and HODL then this is a good option. The negative with Coinbase is the amount of fees they charge, but the positive is that the risk of hacking is very low compared to other exchanges.
Becareful not to hit the box that allows a weekly trade to be placed. I found out the hard way.
I use and recommend Coinbase. As far as buying now or waiting, who knows? I am a long term bull on Crypto but it is very volatile. You have to be willing to hold on through the down swings. Dollar cost averaging, or purchasing a set amount on a regular basis is probably the best way to buy.
BlockFi makes it so easy to buy/sell crypto and get loans! Join BlockFi now to get a bonus when you fund your account!
I use BlockFi, they pay me 4.5% interest on my bitcoin and it pays monthly in bitcoin, I also use their credit card which gives me bitcoin rewards so I’m slowly always getting more BTC even when I’m not purchasing
-If you are buying BTC, you should be buying using Strike which is available on the App Stores. There are no fees with Strike and it couldn’t be easier to buy and send to your wallet.
-For storing, as stated above you can use BlockFi to earn interest on the 5-10 biggest market cap coins instead of having it just sit idly in a hot wallet on Coinbase. You can also buy a few of those familiar coins through BlockFi but the offerings are limited and spot price is among the highest out there. i.e. BTC is regularly 1-2% more expensive which is probably how BlockFi makes some profit.
-If you want $5 in free BTC when you sign up with Strike you can use my referral code: JB6YN8 or BlockFi: https://blockfi.com/?ref=1cd7b4b4 (but no pressure obviously.)
-After you use Strike you never go back to Coinbase. Fees are just too high.
For broader crypto exposure exchanges KuCoin and BinanceUS have more coins than Coinbase. Especially if you are trying to buy them early—Coinbase takes forever to list or merging coins and the entry points will be later as a result=missed gains.
I personally feel that Coinbase is a bad place to buy crypto due to limited offerings and limited tokens but it does have an easy user interface.
Summary:
1. Strike App for BTC
2. BlockFi interest account to hold the major coins
3. BinanceUS exchange for alt coins.
4. Coinbase is fine for starting out and the Learn and Earn rewards.
This is a decent setup for beginners.
have you seen the link to ember i posted
@lalgulab12 are you referencing this service? https://www.emberfund.io/
I’ve gone back though posts but don’t see a link to what you’re referencing and how it came about.
FYI Coinbase now has a monthly fee $29.99 and that gives $0.00 cost. also, a customer service line. It just came out 2-3 weeks ago, but my first purchase would have cost me $22.00, SO, almost paid for it.
I do agree that CB is limited in the very small cryptos just starting. Best exchange for that???
Nancy, I know of no monthly fee with Coinbase. And what do you mean by it giving $0.00 cost?
I would recommend using Coinbase Pro. It’s also free. Fees are much lower than their regular Coinbase service.
Coinbase Pro: You deposit money first, then buy the coin/stock. Same as Fidelity or other regular brokers.
Coinbase: You transfer money real-time from your bank account when you buy the coin/stock
I’m totally agree with you, but the big -ve of coinbase pro is you can’t see live P/L for your securities, not today’s profit/loss or not total profit/loss, please correct me of there is any other option available.
I’ve invested in many cryptos. It would be difficult unless you maintain your p&L outside coinbase.
And you can also place limit orders on Coinbase Pro, but not so on regular Coinbase.
Does anyone use Gemini exchange? How is it for security (without hard wallet), cost, P & L statements. I have just started using it and am a newby.
I think its a good time to buy crpto. I own about 30 & they are all heading upward right now. I’ve been using “coincodex.com” for free.. to look up the best gains & losers every 24 hours, plus a tab for the altcoins that are currently trending. Many of these are on their way up ! (I use Coinbase, as I’ve only been doing this for 6 months & a friend set me up. But, listen to others alot smarter than I for best option) Good luck!
AI-Robotics Play Poised for 344% Growth by 2023
Paul’s secret portfolio : Buy :BGRY
Thanks, Sam!
This was a Luke Lango Early Stage Investor pick on 09.27.21, then at $7.50 (he always seems to misfire on timing).
Thank you
Excel spreadsheet 1 of 2 – 01/02/2022
Thank you everyone for the generous contribution!
Happy New Year!!
Excel spreadsheet 2 of 2 – 01/02/2022
Thank you everyone for the generous contribution!
Happy New Year!!
IK SF Buy FB 12/22/2021 $330.44
Crypto Flash Trader Alert:
Let’s Sell CRV for 65% Profits
Thanks to all for your comments on buying crypto. Everyone is so helpful here.
My Crypto portfolio is 8% up, but securities are 60% down from feb-21.
Most of my stocks are growth stocks. More than 85% of my stocks are showing 52 week low. My ORIGINAL investment is 50% down. I don’t have any other option but to hold.
Looks like there is no bottom for this market. At this stage I even can’t even think of rotating the investment.
Experienced investors any insight? or it is too late to take any action.
Welcome to the club!
WTH? Looks like investors are dumping innovative tech stocks for stodgy old DOW over the last couple of days.
I feel your pain. I first subscribed to PM’s services in February 2021, And ended 2021 with a -17.9% return for the year, the worst performance I’ve ever had. The return would have been far worse than this if I didn’t have the higher cap stocks as well such as Apple and Microsoft, who both had great returns in 2021. Just when I think these innovative growth stocks cannot go any lower, I keep getting surprised with daily 3 to 5% drops.
Yea, as you can see from VENKATESAN spreadsheet (especially his 100x portfolio), many of us are in the same boat. I’m already considering these as permanent loss and moving on. I also started many of these positions in February, at the time, I thought I was being conservative by entering about 40% below highs. In hindsight, that was pretty wrong as many continued to go down to what they are today.
No much to do but BOP, mentally already factoring in a loss. But for the last month and a half, many high growth tech stocks has crashed IMHO. I don’t know when they will recover, but many of growth stocks are down 50%+ from highs, definitely not reflected in the S&P.
I feel like all of you , the pain is brutal ,
It requires to be burned and survive it to succeed.
I bought Shop on 27$ , I saw the potential, I bet big time on it , I sold after tripling my money , on the first real sell off , imagine how I feel looking on 1200$ a share price:(
I did everything to try and mimic those gains and only lost over and over again. It is so hard to ignore the short term noise but it is the only way to make huge gains.
If you pick wining horses don’t sell them so fast , they need 3-5 to show what they are really worth.
As Warren Buffet said It is very simple , yet it is not easy to make a lot of money in the stock market.
I completely agree! Ignore the short term noise and hold for at least 3 years. I sold some winning horses too early like LRCX, MDB, . Fortunately, I never sold TSLA.
I’m right with you all. Subscribed to Paul’s services in 2017. Started with only a little money ($1,500) but as my income has increased I’ve contributed more to my investment accounts. I have just under $80,000 of capital in at this point. In February I hit a high of $200,000 in my accounts (it was about $175,000, but adjusting for capital I’ve put in since).
Today, I am sitting at $81,000 (a new low and awfully close to my initial capital I’ve put in).
It’s been quite the ride, and almost a year straight (since February) of disappointments and shedding paper gains. During this time I’ve made a number of mistakes (‘betting’ with options, not equal weighting positions, I started using margin in March). In no way have I just had one of those accounts where I put 100% of my money in one stock or all in options, nothing like that – but slowly losing over time with these mistakes has cost me for sure.
Wow, have I learned some valuable lessons. Unfortunately that’s the only thing this past 5 years has gotten me since I am right around my breakeven. I’ve never taken money out for things in my life because my theory was that if I am going to be putting in on a monthly basis why would I take anything out… I should have absolutely done something for myself while being up. I also realized why Paul suggests the small cash buffer. I would be doing much better if I was equal weighted, long positions only, cash buffer, buy in slugs. It’s pretty crazy that these are all the things he stresses but I now see why. The FOMO when things are going up drives you away from those rules. But the rules would have saved me a lot of money on this 1 year ride down.
Thankfully, stepping back from things. I’m currently even vs. if I put everything in a savings account. I do have a decent job which is much better after promotions since 2017. I’ve learned a lot and intend to de-risk as time moves on so my net worth is not so tied to such stocks. With that, I am hoping we get a turn in A2.0 stocks too, as it has been really rough for 11 months now. I have no doubt this has cleared out many. Really wish prosperous investing for everyone here. It is unfortunate that Wall Street has so much power and control over prices in the market. They use these fluctuations to wash out individual investors for losses while they then take the gains over time. Just the brutal truth of it all.
Unfortunately I’m in the same boar, but I started little late in growth stocks and added more somewhere in end of Jan last year when they were at high and now ended up in loss. I think it would take at least few years for break even looking at todays additonal loss of 7% in portolio (after fed’s meeting today and more to come in next few months).
Sorry to hear that prakad. I hope that Paul is correct and we see the prices rise (at some point) as fast as they went down. Best of luck to you!
I have 98 different ticker stocks and 64 are in the red, some are down about 50-70%. Fortunately, my TSLA shares pulled up my portfolio. I would have been in the red in 2021 if not for TSLA.
I always buy in slugs and hold until PM or IK sends sell alert. Equal wieghting and cash saving are difficult for me. It’s so hard to equal weight since there are stocks that I like more than others.. I tend to buy buy buy so I don’t have a cash buffer.
I have conviction on our America 2.0 and 4IR stocks. I’m still BOP!
Wishing for a prosperous 2022. Good luck to us!
PM is taking questions for his webcast on Friday, probably a good time to get your thoughts and questions out to him. My own opinion is that he has too many services and too many stocks picks for his small team, which he probably didn’t spend enough time looking closely at each of his recommendations (valuation, business model, company founders, etc). Like others mentioned here with insider knowledge of some of his picks are actually not great companies, I recall someone mentioned WISA’s or WATT’s technology is outdated. I research other companies in his list where the founders has a history of mediocre to poor decision making with their business future directions. (ie: getting out of Uranium mining to pursue graphite mining, when uranium has performed very well this year).
If you have questions, please post to his Twitter. it would be interesting to see what all the questions asked.
I have 160 stocks in this brokerage link which is tied to my fidelity 401K , 40 are in the green. I’m holding strong.
Me too! I am in for the long haul
Also staying the course, the world is changing rapidly and I believe these America 2.0 companies will lead the way. They were promoted as 1 to 5 year holds. Still bop with anticipation of what can still be great returns. Crypto is harder for me to watch, it has the gambling excitement I like, better than Vegas IMO.
Good luck all!
It just a matter of time things will again look great , patience , patience and patience !!!
The Portfolio account numbers match with the mine:) and we are all on the same boat. Thanks for being realistic and sharing the positive thoughts. Holding with Strong Hands. BOP.
I started with PM in July, 2020. Within 8 months, my investment also doubled. My husband told me to sell but I was BOP the downturn in February last year was temporary. After the bloodbath from yesterday, I’m almost back to my original investment. I’m thinking of selling numerous losing stocks but in the past when I sold a losing stock on my own, it came back and I regretted selling. I agree with CalculatedRisk that Wall Street has too much power. The big investors have the advantage over all of us small investors just trying to enhance our lives a little.
Crypto Flash Trader Alert :
Buy Into ATOM
34.73 -37.75-40.77
MP (MP Materials Crop): Was there a recent buy recommendation by PM? If so, which portfolio?
Nevermind. This is IK’s Nevada-based EV play.
We know that PM is in the business of offering newsletter subscription. so I’m not surprised that he has several newsletters and too many stock recommendations. His weekly updates underscore that he is giving investment ideas and it’s up to us to decide if we want to get in to these recommendations. We do due diligence before we take the plunge.We have rules of the game to help us navigate the market.
I bought many of his recs because i like the company, thier technology. I also have some positions of my own choosing. Honestly, I did better with PM than on my own. 2020 was really good to us, 2021 is horrific. To date about two-thirds of my stocks are down, yet I am holding strong. With Mampilly, I believe that there will be more years of profit than years of loses. A handful of high flying positions will outweigh a bag of losers. Time in the market beats timing the market. With due diligence of course.
Everyone, thank you for sharing your ideas. It helps me put things into perspective.
For those that are still following this:
Crypto Flash Trader Alert:
Let’s Sell ATOM and REN
Thank you.
Oh No….buy alert for ATOM on Jan 6 and a sell alert on Jan 7!!!!!!!!!!!!!!! is Ian getting us to day-trading? 🙂
That’s a surprise! REN was recommended back on 9/24 at .92-$1-1.08 and now it’s .$48!
And ATOM was recommended only a day ago. There’s a little profit there, but it makes me wonder if Ian Dyer thinks this is the end of the crypto bull market. Personally, I don’t. But what do I know. What does anybody know except for the whales.
Agree, I wish he hadn’t tested the service before offering it, would have liked to had those 38 straight successful trades. I hope DeFi, BTC and ETH can turn the corner and bounce from here.
So what would be the best stretegy now? wait for some time before selling, sell it immediately or hold?
Buy ATOM yesterday only to sell it today?
As far as crypto goes I would be careful with Ian Dyer’s rec.. , I follow and have full trust on Ian King on the crypto side.. Thank You.
Thank You
Good video to watch from Cathy
https://www.youtube.com/watch?v=EamI_Eg1OW4
This video helps me to stay calm especially today when my portfolio is down.
I bought NNDM at $3.63/share. I forgot that I have an open buy order for TSP, it was executed at $25/share.
Enjoyed the video, especially her take on the auto industry, thanks for sharing.
Buy CRISPR Therapeutics AG (Nasdaq: CRSP)
CURRENT PRICE RANGE
$64.01 to $70.75
Bought CSPR under IK and watched it fall, fall, fall so I sold it this morning (before PM’s rec) . I gave up because about to lose initial investment.
To be clear, Paul’s recommendation this morning was for CRSP (Crispr Therapeutics), not CSPR (Casper Mattress).
I think Marissa has a typo here. IK’s pick in August was for CRSP (same as PM)
EF: buy EDIT. (Editas Medicine). $23.22 – $25.66
I’ve been watching and buying edit, NTLA, and edit over the last year waiting a take over or a significant increase and it’s yet to materialize