When the 2008 recession happened, the hardest hit people were middle class and low income workers who then had difficulty obtaining loans and making good investments due to tightened SEC regulations. But Paul Mampilly, who was then one of Wall Street’s top up and coming executives decided these people needed help more than ever. So he retired from Wall Street and stopped advising the wealthy investors and was soon advising the less informed investors.
Today he’s writing for Banyan Hill, a financial publishing company. His two biggest newsletters to date are “Extreme Fortune” and “Profits Unlimited“, which have gained over 60,000 subscribers, and now he’s opening a wealth of new investment information through “True Momentum 2017.”
Despite becoming one of Wall Street’s top investors, Mampilly knew what it was like to work hard to make ends meet having done so while he attended Fordham University as an Indian immigrant student. After graduating from there, Mampilly was hired at Deutsche Bank as a credit researcher. He caught on quickly about different funds and how to advise the bank’s clients in good investments, so much so that he was able to earn even higher paychecks with banks such as ING, Royal Bank of Scotland, Sears and Banker’s Trust.
Paul Mampilly really made his mark when he joined Kinetics International Fund and turned it into one of the fastest-growing hedge funds according to Barron’s. By 2008 Mampilly had done so well both as an account manager and a private investor that the Templeton Foundation invited him to participate in an investment competition. Mampilly won that competition by growing $50 million into $88 million for a 76% gain in just one year, the year that the 2008 financial crisis hit its hardest. Not long after winning this competition, Mampilly decided it was time to leave Wall Street because he wanted to help middle class people, something he had set out to do in the first place. He’s invested in many startups that have become major companies today, and as part of his work at Banyan Hill Publishing he lets investors see his personal portfolio.
Follow Paul Mampilly on LinkedIn