Paul Mampilly is a man who understands the inner workings of the stock market very well. He is the editor of Profits Unlimited, which is a newsletter with more than 100,000 subscribers, and is also the senior editor for Extreme Fortunes. He worked on Wall Street for most of his early life and then left it all behind during his forties so he could help regular people to better manage their money and investments.
Paul Mampilly was recently asked to reveal a big error that beginning investors make. He commented that he has noticed that too many people invest all of their wealth in one single investment. Instead of using part of their investment account and protecting the rest of it, they place all of it into one stock choice. If they make the wrong pick, they can lose all of their money or a very large amount of it quickly. Many beginners will hear this and do their best to not invest everything all at once. Instead of succeeding, many of these people will invest the majority of their wealth into one investment. This can have the same results as investing it all into one stock or investment.
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Paul Mampilly started out his working life with Bankers Trust as an assistant portfolio manager. He did very well for the company and worked his way into other positions where he managed millions of dollars of wealth. He eventually moved on and went to serve at Deutsche Bank as a research assistant. He was able to work his way into ING and eventually Kinetics Asset Management. Before leaving Wall Street behind, he earned billions of dollars for Kinetics Asset Management and earned the firm the title of the “World’s Best” hedge fund from Barron’s.
Today, Paul Mampilly does his best to help the “little guy,” and the people who don’t receive as much attention as the wealthy do. He doesn’t offer people get-rich-quick advice because he knows that building wealth has to do with taking many little steps. Thanks to Paul Mampilly, many people have been able to create the financial life they have always dreamed of.
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