Paul Mampilly transitioned at age 42 from working on Wall Street to working for Main Street America. He left behind a career of basically making the rich richer to using his top shelf investment skills for the greater good, helping average Americans make large sums of money on the stock market. He’s spent the last few years dispensing advice on which growth and small-cap stocks offer the best bang for the buck. He closely follows trends in technology and what millennials are buying for where the best opportunities lay.
He’s originally from Inda. His dad had a tough time earning enough money to support the family there, though, despite having a college degree. He found much more success after moving to Dubai which had a booming economy due to all of the oil there under the sand dunes. His parents were able to send both Paul Mampilly and his sister to America so they could earn college degrees there. He attended Montclair State University, earning degrees in finance and accounting, as well as the Fordham Gabelli School of Business in order to earn an MBA.
Paul Mampilly says that the rookie mistake many new investors make is to pick just one company’s stock and go all in on it. He’s endlessly surprised people will do this because it’s such an obviously bad idea to do. If you get it wrong you can lose huge sums of money by doing this.
He says that new investors will also buy stocks when they’re feeling great which is the worst time to get into the market. They will buy when stock prices are high and then sell when markets go down. In order to make money, you’ve got to do the reverse and start buying stocks when others are scared and sell when they are way over-enthusiastic about stocks.
An entrepreneur that Paul Mampilly enjoys following is Elon Musk. Despite the missteps he has made on his Twitter account he has created some fantastic companies including Tesla, the Boring Company, and SpaceX. Paul Mampilly says that Elon Musk created the electronic car industry from scratch and has done a lot of good.
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