Why Paul Mampilly Offers His Expert Financial Advice To Everyday People
Paul Mampilly worked on Wall Street for several years, at one point even running a hedge fund. While he enjoyed his work he came to a point where he didn’t like that his skills were only being put to use making the already wealthy even wealthier. He eventually decided to retire from his career on Wall Street and instead provide his financial advice to middle-class people who are trying to save their money and manage it well, including investing money for retirement and other purposes. Paul Mampilly now writes a monthly newsletter called “Profits Unlimited” which is targeted at these types of investors.
“Profits Unlimited” has been very successful. It recently passed 60,000 subscribers. It was in 2016 that he agreed to work with Banyan Hill Publishing which is an independent company that does research and publishes other newsletters in the financial industry. In “Profits Unlimited” Paul Mampilly will profile one company in each issue. He will go into the details and explain why he thinks the company’s stock is undervalued and that his subscribers should invest in the company. He also maintains a sister website to the newsletter where he tracks each of these investments and shows how they are doing.
Paul Mampilly does not act as a financial advisor to his subscribers. The subscribers who act on the information he provides purchase the stocks on their own using their own brokerage accounts. His advice has proven very sound and many subscribers report that their investments that he suggested are doing very well.
As Paul Mampilly points out, investing always involves an element of risk. He says one way to mitigate this risk is to invest for the long-term and don’t try to chase short-term profits. He also points out that he does his best when offering his advise, but like anyone he’s not going to be correct each and every time.https://www.bloomberg.com/research/stocks/private/person.asp?personId=49260032&privcapId=109183793
While living in New York and working on Wall Street, Paul Mampilly dedicated his time and resources to a number of charitable organizations. Among these was Big Brothers Big Sisters through which he acted as a Big Brother for a 11 year old boy for half a year. For a number of years he also did volunteer work for the Coalition for the Homeless, Inc. While volunteering for this organization he helped to distribute food to the homeless, including driving a delivery van along with three other people who were also volunteering their time.