The Wall Street career of Paul Mampilly began in 1991 where he took a position at Bankers Trust as an assistant portfolio manager. His career quickly advanced and he found himself accounts worth millions of dollars. At one point, he even managed the hedge fund manager of Kinetics Asset Management that was worth $25 million under his guidance.
Paul Mampilly knows Wall Street and knows how to make investors millions in the industry. He made the decision to take his experience and knowledge out of Wall Street and onto Main Street America. He began giving financial advice in Profits Unlimited 2 years when he began writing for Banyan Hill Publishing. He already has more than 90,000 subscribers and that number is always growing.
One of the reasons why Paul Mampilly is so well known On Wall Street is because he tends to be able to see major turns in the market coming. Almost everyone thought that the stock market would rally back in 1999, but he didn’t think that this was going to happen. He warned his friends that their impressive gains would soon be lost once the market experienced a burst in their bubble. There were a lot of big companies in the bubble whose reputations had been solid for years and they were quickly rising in value.
The stock market was going absolutely crazy at the time and a lot of people were getting into investing for the first time trying to cash in. Paul Mampilly knew that something was wrong and the bubble was about to burst so he made the decision to sell every stock that he had in his portfolio. He wasn’t quite sure that he had made right decision when he continued to track the prices of the stocks that he had gotten rid of as they continued to rise. Fortunately for him, when the prices crashed to extreme lows just a year or two later, he knew that he had in fact done the right thing for his finances. He proved to the people who didn’t trust his intuition that he had a keen eye for the market.
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