Over the course of two decades, Paul Mampilly worked in a range of positions on Wall Street. He began as an assistant to a portfolio manager in 1991. As he developed his investing skills and strategies he moved up into more important and influential positions such as senior portfolio manager and hedge fund manager. He was recruited by billion dollar companies who wanted him to manage their portfolios of investments. One of the portfolios he managed was named as providing one of the “World’s Best” returns by Barron.
There are a few problems with working on Wall Street. First, it’s very hectic and time-consuming. The other major problem is that you spend all your time and effort making money for people who already have more than enough of it. He decided to retire when he was in his early 40s so that he could enjoy his life more, spend time with his family, and help out regular people instead of the ultra-wealthy.
Paul Mampilly is now a research and investment analyst who puts out a financial newsletter, Profits Unlimited, for regular investors who want to save for retirement or other goals. He gives them the information they need to make great investments based on his meticulous research and investment strategies. He has also put in appearances on channels like CNBC and Fox Business News where he explains trends in various industries and what companies people should put their money in.
In 1991, when he joined Wall Street, everything was done by hand. Paul Mampilly says that computers have changed everything. Trading floors were once the heart of the action but they’re really on kept around now for appearances and tradition because nobody trades that way anymore. People use computers to track prices and buy and sell stocks of companies.
He says that do-it-yourself investors are still at a disadvantage, though. Back in the day, you could see what a star trader was doing and then mimic their moves. Stock pickers now have a much hard time because they’re now essentially on their own. That’s why Paul Mampilly wants to give these types of investors the edge through reading his research.
Paul Mampilly’s : Facebook Page.