Several years ago, the internet age started bringing in new ways to view entertainment and connect with old friends, and Paul Mampilly got on top of it right away when he bought stock in Facebook and Netflix. Now he says the next big things such as blockchain, robots, self-driving vehicles, holograms and virtual reality, and a plethora of other futuristic things will come to be. This is known as the Internet of Things, and Mampilly sees the stocks of companies building these technologies rising high in the future. While not all technology has gone mainstream yet, he has more information on the technology that will and the things millennial consumers will be buying in his newsletters at Banyan Hill.
Paul Mampilly turned to newsletter writing after more than 20 years of professional banking and advising wealthy Wall Street clients. He started in banking after finishing a bachelor’s in economics and finance at Montclair State University, and was a research assistant for a few years at Deutsche Bank at the start. He was soon making investment decisions for holders of multi-million dollar accounts at ING and Banker’s Trust, and he also helped found Capuchin Consulting. Paul Mampilly was made managing director of a $6 billion hedge fund known as Kinetics International Fund in 2006, and it quickly grew to $25 billion and earned the top listing in Barron’s magazine.
Paul Mampilly accomplished many things while serving at Kinetics International Fund such as having the foresight to see the housing crisis of 2008 coming and protecting client assets against losses during that period. He also took part in a competition that year in which he invested $50 million in reliable stocks and never shorted them. The $50 million grew to $88 million in one year. But despite accomplishing this as well as being featured on cable news networks, Mampilly didn’t like the Wall Street life.
Paul Mampilly left his job in 2012 having made enough to retire on and decided to run his own business decided to spend more time with his family. He wrote newsletters because he was able to explain to new investors the basics of buying stocks, and managing a portfolio without needing a wealth advisor. His newsletters have gained over 60,000 readers and they also have videos included where readers can look over his shoulder to see how his investments are doing. You can subscribe to the newsletters by going to www.BanyanHill.com.