Back in the mid 2000s when Facebook and Netflix first got started, most people thought they were just temporary hits that wouldn’t amount to much. But one investor had other thoughts and believed he had stumbled onto two companies that would eventually see stock skyrocket.
That investor was Paul Mampilly who was a portfolio advisor to Kinetics International at the time. He ended up selling Facebook and Netflix stocks for thousands of dollars and to this day continues on as a personal investor and author of several newsletters. He had felt during his years working for the big banks that too many people were left out and that he could do more for them as an independent advisor.
Paul Mampilly immigrated to the US from India back in the early 1990s and attended Montclair State University in New Jersey. While there he put in hard work as a cafeteria attendant and gas station worker to get through school, yet it also drove him to do well in finance. After graduating, Mampilly started out in research for Deutsche Bank. He completed his MBA at Fordham University and then was promoted to manager, and he would also work for ING, Royal Bank of Scotland, Sears and Banker’s Trust. He also helped start Capuchin Consulting.
Follow Paul Mampilly on Twitter
As a big wealth manager for Kinetics International, Paul Mampilly was responsible for billions in client assets, and he knew so well where to invest them that they gained as much as 20℅ in returns at one time. The hedge fund company was even named in Barron’s magazine as one of the fastest growing Wall Street wealth management firms. Mampilly was later selected by a group of executives at the Templeton Foundation to join a big investment competition they were hosting. In this competition, investors were given $50 million to gain returns on, and Mampilly made an 88℅ gain in just one year, the year that the US housing crisis was at its worst.
Mampilly was only 42 when he left his wealth management profession. He then joined Banyan Hill Publishing where he was pleased to offer his insights to newsletter subscribers both in paid and free editions. His hit newsletter “Profits Unlimited” reached over 60,000 subscribers in only a couple months.