The Reason Why Paul Mampilly Quit Wall Street

Paul Mampilly has an MBA from Fordham University and has put into good use his finance knowledge in the business world. Paul Mampilly began his journey in 1991 in Wall Street working as an assistant portfolio manager for Bankers Trust. He rose through the ranks managing multimillion dollar accounts for ING and Deutsche Bank. His time working as a manager of the hedge fund for Kinetics Asset Management saw the company assets rise to $25 billion earning him the reputation of one of the best hedge funds managers of the world. He has also worked as a senior editor at Banyan Hill publishing which he joined in 2016.

Paul Mampilly has been invited to participate in the prestigious investment competition of the Templeton Foundation. He started off with an investment of $50 million and grew the investment to $88 million during the 2009, and 2009 financial crisis. Paul Mampilly decided to leave Wall Street because he felt that he was serving only 1% of the entire population. He stopped making money for the rich and decided to help other people with their investments. To do this, he founded Profits Unlimited and Extreme Fortunes. To bring his idea to life, Paul spent several hours researching with his team. He states that he spends a lot of time creating a write-up for readers and tries to make it easy for them to understand the information through charts and data which they can sift through.

The two trends which excite him are the millennial mega trend and the internet of things. In his opinion, the internet of things will affect various sectors of the economy which include health care, food, energy, and marine. This is simply because all these industries still have an opportunity for improvement. Paul Mampilly believes that the millennial are about to take over the American economy. The population are an estimate of 92 million and this alone is enough to alter the economy of United Stated based on their choices and preferences.

Paul Mampilly advises investors to look at other people’s viewpoints on stock and not only be biased to their opinion. He recommends reading the negative comments on a stock of interest as it will allow them to identify important information which they may have missed. This is one of his investment secrets which according to him gives him a tunnel vision on stock which he thinks is great but actually has flaws which might end up costly to him.

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Recap Interview of Greg Secker

 

In a recent interview conducted by Lynn Fosse of CEOCFO, Greg Secker, owner of Learn To Trade, stated his philosophy has always been; I’m not a why guy, I’m a why not guy. He habitually believed in saying yes to things and figuring out the details along the way. Despite Greg studying agriculture and food sciences in school, he made a big leap to finance.

While studying at the university, he built and sold computers. The chance enabled him to learn to code and become quite geeky. While working at a job fair, Greg received an invitation for an interview by the guy working at the Thomas Cook Financial Services stand. This encounter was the beginning of his career at the Virtual Trading Desk where he converted trading strategies into a programme a computer could understand. While working on the Virtual Trading Desk, his interest in foreign exchange peaked. He saw the profits made and thus borrowed £5,000 and managed to turn it into £60,000 in just under a year. When asked how he has shared his passion and knowledge, Secker’s answered that while attending seminars of the likes of Jack Canfield and others, he was inspired to speak to people and give them a physical tool with which they could make money.

He has spoken on the National Achievers Congress, the Success Summit Congress. Greg states The Greg Secker Foundation original mission was to empower young people with the necessary life skills; leadership, entrepreneurial, health, relationships. However, now their focus is on helping rebuild a community in the Philippines destroyed by the Typhoon Haiyan.

Being on the board of Ambassadors for City Philanthropy has enabled Greg to shape, direct, and inform the City about causes going on around the U.K and try to get more entrepreneurs and business owners to participate in philanthropy. He believes everyone should have access to life-changing tools such as his book; Financial freedom through forex. Greg sees himself as a Renaissance man as he feels the way you do anything in life is the way you do everything.