An Interview With Paul Mampilly
In a recent interview that was posted online by Ideamensch.com, Paul Mampilly answered a few questions about his career as an investor and his ideas for the future. Mampilly began working on Wallstreet as an assistant portfolio manager in 1991. He was promoted several times and handled multimillion-dollar accounts.
He managed several hedge funds and investments for several notable companies including Kinetics Asset Management and the Templeton Foundation. Both of which saw a drastic increase in returns within a year. After over two decades in the field Paul Mampilly decided to take a step back from wall street and focus on smaller ventures such as his two newsletters titled Extreme Fortunes and Profits Unlimited, his new investments service called True Momentum and his family.
Mampilly stated that the ideas for his newsletters and money managing services came from his love of managing hedge funds and investments, but without the chaos that came with working on Wall Street. He wanted to be able to have services that the average American can afford, not something that only catered to the super elite that deal with Wall Street.
During his career Paul Mampilly has had to update his services to be comparable with the evolution of technology, specifically the internet. He sees it as a fun challenge but also as a way to help himself and his clients. Using websites like LinkedIn helps people see his qualifications and relevant information. While other website give him updated information on stocks.
He stated that even though he has retired from Wall Street, it is almost like he never left. Mampilly still wakes up early and monitors the stock markets around the world, focusing a few specific companies and on Profits Unlimited, Extreme Fortunes and True Momentum. He always wants to be ware of what’s going on and what stocks could help his clients. Every investment he makes on his client’s behalf goes though a period of about 30 to 40 hours where it is researched by Mampilly and his team to see if it is the right choice. Making the customer and priority is how Mampilly believes he does so well in the field.
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