One thing about investing that every investor should know is that it’s always changing and the stocks you invest in today could become obsolete tomorrow. That’s what Paul Mampilly has talked about in his newsletters for new investors that include “Profits Unlimited” and “True Momentum.”
What Mampilly emphasized in an interview with Ideamensch is taking time to learn where he could be wrong and the negative viewpoints on stocks he finds, and he’s also always been willing to change his strategy over the years to not get caught up in just one investment method. He says to run a business like investing, you have to give customers something they truly want over simply looking to make money off of them.
Paul Mampilly worked for big corporations prior to starting his newsletters. He’s originally from India and moved to the US to attend university. He worked at a gas station and a cafeteria in order to make ends meet while attending college, but it paid off as he was eventually able to get a prominent position with Deutsche Bank as a research assistant. He became a senior advisor soon enough and started helping clients for ING, Sears, Banker’s Trust and Royal Bank of Scotland make a lot of high-yield investments. From there he became one of Kinetics International Fund’s top portfolio managers and helped make investments that yielded as high as 26% returns annually. His biggest investment was a $50 million fund at the Templeton Foundation competition that gained 76% in one year with the even amidst the economic recession.
In the coming years Paul Mampilly decided it was time to leave the big banks and see how he could help people make big investments and also spend time with his family. He had built his own portfolio with investments in new pharmaceutical and tech companies, and he decided to share it with others through newsletters that he published at Banyan Hill Publishing. Subscribers to “Profits Unlimited” expressed their pleasure with investments that really worked and in about a month about 60,000 people were following Mampilly. He’s planning to take his advice to the next level with “True Momentum” released in 2017.
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