What Is Going to Drive the Next Bull Market? According to Paul Mampilly, Sneakers!

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Paul Mampilly thinks sneakers are the next bull market
Paul Mampilly predicts that the market for sneakers, such as Lebrons and Air Jordans, is getting ready to take off.

Paul Mampilly admits that he wasn’t the greatest athlete in his younger days. He ran too slowly, and he wasn’t any good at the sports that kids played at his Indian boarding school, including cricket, basketball, soccer and volleyball. He knew from an early age that he didn’t have the talent or skill to stand out from the crowd. Even though this was the case, he did learn how to become a formidable competitor against those who did have the necessary talent and skill.

What Paul learned is that he needed to work harder than everyone else, be on the field even when no one else is there and never think about giving up. Following these rules caused him to be the only kid on the field at practice on a day when it was raining very hard.

When practice was going on, many kids didn’t take it seriously, but Paul Mampilly was not one of them. While they were fooling around, he was performing extra warm up sets. When the others were cheating on their laps at the end of practice, Paul Mampilly ran extra laps.

This background served Paul well as he stepped into the world of investing. With his incredible work ethic, Paul Mampilly stood out as an imposing force at Deutsche Bank and ING where he had the opportunity to manage accounts worth millions of dollars. Kinetics Asset Management took notice and hired him to manage their hedge fund. With Paul’s leadership, the company saw its assets grow to $25 billion, and because the fund gained 26 percent annual returns, Barron’s named it one of the “World’s Best” hedge funds.

The Templeton Foundation invited Paul to take part in its highly distinguished investment competition, and he won. It only took him one year to cause his $50 million account to generate a return and grow to $88 million. It must be noted that he did this during the financial crisis of 2008 and 2009.

This year, Paul Mampilly predicts that the market for sneakers is getting ready to take off. To know that this is the truth, all you have to do is type “Air Jordans” into the Google search engine, and you will see for yourself.

Several websites dedicated to tracking shoes like Air Jordans exist under this category, and one of them is SoleCollector.com. Apparently, there is a lot of money being made on these sneakers. For example, if you had sold a pair of Air Jordan 2 Retro “Don C” shoes, you would have received a 900 percent return. A pair of Air Jordan 10 Retro “Double Nickel” shoes would have given you a 426 percent return.

It has only been 20 years since sneakers ended up in the collectible category, and those that are highly coveted are seeing their prices jump up into the stratosphere. One example is the “LeBrons.”

This isn’t really a surprise because sneakers manufacturers have been flying high for a long time. The three largest companies are Puma, Adidas and Nike. These brands are huge and global, so business is great right now. As would be expected, their stock prices are also skyrocketing.

All of this may be true, but you may be wondering why you should listen to Paul Mampilly. Well, it seems that a lot of people are listening to Paul Mampilly on a regular basis. Several people have already sought his advice, and he made appearances on many of these people’s television programs, including Fox News, Reuters, Hedge Fund Intelligence, Kiplingers, Bloomberg TV, Fox Business News and CNBC.

Paul Mampilly has noted that Kering’s stock price is up 134 percent, and this is notable because it is the company that owns Puma, but Adidas and Nike are also on an upward trajectory. Nike is up 71 percent, and Adidas is up 185 percent.

The S & P 500 during this period is also up 40 percent.

Anyone who has read Paul’s newsletter “Profits Unlimited” isn’t surprised by this current trend. He has informed his readers that the millennial generation is reaching adulthood right now, and they are the reason that sneakers are being pushed higher.

People in the millennial generation are purchasing Air Jordans and LeBrons, and this is the reason that the prices are continuing to rise. The other consequence of this buying is the fact that these companies’ stock prices are rising with them.

Paul predicts that the sneaker market is not finished climbing higher because Millennials are indulging their shoe fetishes and are continuing to add to their shoe collections. This means that we can expect shoe company stock prices to continue to travel higher.

Read Next: Will Sears And Toys R Us Become Retail Junk Yard Stocks In 2018?

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