Paul Mampilly Explains What’s Wrong With Wall Street

Paul Mampilly is the founder of Profits Unlimited. This is a newsletter in which he offers his stock tips and strategies. He worked on Wall Street for over 20 years, including as a hedge fund manager. He got tired of the stress working on Wall Street entails and so retired to North Carolina. He now analyzes companies, mainly ones in the technology and pharmaceutical industries, and shares with his readers which ones will have huge increases in the value of their stock.

He wants his readers to have financial independence so they don’t have to work endless hours. The can instead do things they enjoy and spend more time with their friends and family. He says that too often people make bad financial decisions. They don’t do this because they’re dumb but instead because they have never learned how to make smart financial movies. Paul Mampilly says he enjoys teaching people the correct financial strategies.

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He says that working on Wall Street was exciting but he always had a problem that it mainly exists to help people who already have a lot of money. He decided using his knowledge about investing could be put to better use helping regular Americans. Paul Mampilly says that a lot of people are wary of the financial advice industry. For him, though, it’s not about the money. It is instead about having financial security and not needing to worry about getting the bills paid. Some of the people who have taken his advice are now multi-millionaires.

Another problem he has with Wall Street is the fees. Wall Street is all about the fees and not how successful investments are. The only places on Wall Street where successfully investing is rewarded is hedge funds. He thinks every person on Wall Street should be judged based on how much money they earn clients from their investments, not from the fees they get. Paul Mampilly says that if he tells someone to make an investment and it turns out to be a bad one he shouldn’t get to collect a fee. He understands why Wall Street works this way but that doesn’t mean he has to like it. Learn more: https://banyanhill.com/expert/paul-mampilly/

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