Eric Dye from the Entrepreneur Podcast caught up with Mampilly to talk about several topics like his new occupation of helping average Americans make informed financial decisions, oversights people make with their first investments and entrepreneurs who influence him. Paul points out that his previous experiences on Wall Street give him an insight that other financial advisors lack, and this sets him apart as the best advisor.
Over the years, Paul Mampilly has worked relentlessly to cement his name in the finance industry. The alumni of Fordham University where he obtained an Master’s degree in Business Administration has built his reputation from that of an assistant portfolio manager at Bankers Trust to become one of the most respected financial analysts in Wall Sreet. He has worked in several top legal and financial institutions like the Deutsche Bank and Kinetics Asset Management where he managed to expand the firm’s assets to $25 billion.
Paul Mampilly stepped away from the fast lane of Wall Street to be able to establish businesses and spend quality time with his family. He also wanted to use this opportunity to help average people create wealth. Today, Paul is the chief editor of a newsletter called ‘Profits Unlimited’ at Banyan Hill Publishing. He writes on investment opportunities, tips and gives financial advice that ordinary people can use to manage their finances and grow wealth. Paul also oversees the Extreme Fortunes journal and True Momentum Services. Additionally, he is a seasoned guest on TV and Radio shows where he speaks on financial matters.
During the Interview, Paul Mampilly cautions people from investing heavily in one stock only. This is because this strategy could result in massive losses if they are wrong about the stock. Another miscalculation that people make when investing for the first time according to Paul is neglecting market trends and spending when the market is intractable.
Paul Mampilly disclosed that he looks up to Elon Musk in the business world. He admires the resilience of Elton Musk in growing and investing in Telsa. Paul is also impressed by the entrepreneurs business skills and understanding.