When Paul Mampilly says he has a new investment idea that works, people know they had better listen up because this former Wall Street business guru has found all kinds of company stocks that have earned him millions.
He contributes articles on these investments to Banyan Hill Publishing and is the founder of three newsletters known as “Extreme Fortunes,” “Profits Unlimited” and “True Momentum.” Mampilly puts out these newsletters so middle class investors can see how stock investments work and learn how to invest in them without needing a big firm’s management. Mampilly seeks to bring down the technical language of investing into more simplistic terms.
Paul Mampilly’s background in investing began as a migrant student from India in the 1990s who was working at Fordham University’s cafeteria to get through school. He started out in an entry level position at Deutsche Bank while working on his master’s degree and was soon offering the bank’s clients advice on how their money could gain even better earnings. He also worked for Banker’s Trust, ING, Royal Bank of Scotland and Sears. In 2006 Mampilly became one of the hedge fund industry’s top figures after joining Kinetics International Fund and growing that firm’s AUM to $25 billion fast. He was also featured in a headline on Barron’s magazine at this time.
Mampilly’s most famous investment was a $50 million fund that he was given to invest as part of the Templeton Foundation’s competition in 2008. Over a year, Mampilly grew that fund by 88% to $76 million at a time when the financial crisis had most other investors too scared to go into the market. Paul Mampilly made many other investments both for clients and in his personal portfolio around that time including in Sarepta Therapeautics, Netflix, CEMEX and even Facebook. But a few years later he decided to retire not only because he had attained quite the earnings, but also because he felt Wall Street was leaving people out who needed help. So Mampilly decided to help the middle class himself by showing his newsletter subscribers his portfolio and explaining how they could build their own. Thus far he’s gained over 60,000 subscribers.