Paul Mampilly isn’t about to let the next big investment get away, but instead of simply sharing that trend with the rich and top 1%, Mampilly decided it was time to give it to investors on Main Street. Some people who don’t know Mampilly have falsely accused him of duping people with information, but they would be wrong because Mampilly has put together an impressive resume of professional investing and making money for big firms. He was interviewed by Ideamensch not long ago to talk about his investments.
Paul Mampilly said he spends much of his day researching and following news to help his newsletter subscribers. He says the area that’s gotten his interest the most has been the “internet of things” where all the latest developments are happening. He says stocks are going to be driven by the millennial market because what this demographic is interested in drives future businesses. He also said one way he makes his business work is by making sure he’s giving customers something they truly want instead of getting caught up in making money.
Mampilly has made a lot of money that he’s actually retired today. He began at Deutsche Bank as a researcher after completing his bachelor’s degree. He quickly caught on to investment strategies at this bank that he was soon managing client assets. He made big investments for banks such as ING, Sears, Bankers Trust and a private Swiss bank, and it wasn’t long before one of the top new hedge funds, Kinetics International Fund found him and chose him to be a part of their team.
Mampilly became one of Wall Street’s top young portfolio managers when he grew the firm’s assets under management from $6 billion to $25 billion in less than a year. The Templeton Foundation hosted an investment competition in 2008 that Mampilly won by turning a $50 million fund into $88 million in just one year. By 2012 he had stepped down from his high-paying job and started pursuing his own investments. It wasn’t long before he put out “Profits Unlimited” which saw his subscribers make real money and soon grew to 60,000 followers.
Find more about Paul Mampilly: https://plus.google.com/u/0/+PaulMampilly