Working with the 1% gave Paul Mampilly his start in the financial sector. After graduating from Fordham University with an MBA, he began his working career at Bankers Trust, then went on to a variety of banks. As his successes accumulated, he eventually became the manager of a 25 billion dollar hedge fund. But his heart wasn’t set on making the richest people in the business world wealthier. It was helping the everyday investor accumulate their own portfolios so they too could enjoy financial security.
With this goal in mind, he started a newsletter with Banyon Publishing that has over 90,000 subscribers, and Paul Mampilly dream has come true. He spends over 12 hours a day watching the market and then spreading his knowledge amongst his followers. He keeps watch over specific companies he feels will be profitable, and he is free with his investing advice that helps you and your neighbor achieve your financial goals.
Here are a few tips he has shared.
- Newer investors often make the mistake of investing in a single company. As the old saying goes, it’s risky to put all your eggs in one basket. Spreading the risk is key, and mutual funds are often a great choice.
- Making investments when you are feeling great about the market. This can be the worst time to buy. Paul Mampilly encourages people to invest when the market is going through a downturn, snapping up stocks at a cheap price that give higher rewards.
Currently, Paul Mampilly admires Tesla and the company’s founder Elon Musk. He gives kudos to Musk for starting Tesla when there wasn’t a market for electric vehicles. His long range view of where the market was heading has made investors in Tesla richer. Helping the average investor to succeed in the world of finance has been beneficial for everyone, and it has only added to his stellar reputation.