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Paul Mampilly Knows His Stuff – Here’s How He Learned It All

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Succeeding in the business of financial services isn’t easy. We rely on computers for just about everything in 2018, and not even the world’s most advanced computers can regularly pick stock winners and toss away losers. Only experience and an understanding of the advanced math that supports finance can help an investor or financial markets expert better understand what the heck is going on when it comes to financial instruments and their performance on exchanges like the NASDAQ Stock Market and the New York Stock Exchange.

Paul Mampilly is a former successful Wall Street baron who currently spends his time working as a writer for all things related to economics, finance, and business in general. A senior editor at Banyan Hill Publishing – a daily financial news media publication with nearly a half-million regular readers – Mampilly is one of the best writers on the Banyan Hill Publishing writing team.

Why do I care?

Mampilly regularly writes about important things in the stock market and the world of business. As an investor or potential investor, you probably aren’t an expert when it comes to digesting news headlines from around the world, using advanced formulas to understand parts of finance that unaided human brains simply can’t understand, and ultimately choosing which stocks to keep and which to dump.

Banyan Hill Publishing’s very own Paul Mampilly is one of the best sources to follow for people who are interested in honing in on the bullseye of the target of investing skill. If you want to become to the best investor you can possibly be, check out some of Mampilly’s recent works, digest them, and seriously take his words into consideration.

Who is Paul Mampilly?

In 1991, Mr. Mampilly graduated from Fordham University, a high-caliber university in New York, which is Paul’s state of birth, raising, and current residence. He found a position as an assistant portfolio manager at Bankers Trust, an investment management firm in his home state.

Mampilly soon after moved into higher-up roles at ING and Deutsche Bank, although none of his positions on Wall Street can top his tenure at Kinetics Asset Management.

During a four-year stint as the hedge fund manager of Kinetics Asset Management, he grew the firm’s total assets under management from a respectable $6 billion to upwards of $25 billion.

When calculating an average annual return for Mampilly’s time at Kinetics Asset Management, you’ll find that he raked in an impressive 26 percent average yearly return. This nearly-unmatched performance led the financial news publication Barron’s to name Kinetics Asset Management one of the best – a member of the prestigious Barron’s “World’s Best” class – hedge funds in North America.

Check out what Mr. Mampilly does today

Managing the top one percent’s investments often yields substantial returns. It takes money to make money, and that’s especially true as far as hedge funds are concerned.

Even though Mampilly made enough money to retire a full two decades early as the manager of Kinetics Asset Management and in high-ranking positions across other hedge funds and alternative investment management firms, he dropped out of business and retired to writing about it.

Today, Mampilly gets to help the general public experience returns similar to those of the world’s richest people – they almost all trust hedge funds to generate ultra-high returns.

Good investment moves that Mampilly recommends

In some of Mampilly’s most recent works, he recommends investing in precision medicine, electric cars, and healthy eating.

 


Eight ideas to pay off your debt and keep it off

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Debt is inherently avoidable. Yet, many of us find ourselves in situations where we end up owing sizable volumes of money. Following a major family event, an emergency, unexpected expenses or simply irresponsible behavior people can find themselves under uncomfortable amounts of debt. This article provides suggestions on how to handle that debt and keep moving on with your life.

  1. You can do it

Even if you find yourself several thousand dollars under, know that there are ways to handle it methodically. People find themselves in debt for a variety of reasons. What matters is how you approach and handle the situation. The first step to solving the problem is to own it. Regardless of the cause your debt is your responsibility. Own your debt, take responsibility and start listing ways to settle it. Have confidence that with commitment and good planning you can settle your debt, as have others before you.

  1. Set goals

It may not be possible to pay off your large debt within a month or two. Start by setting realistic goals. Give yourself a calculated, reasonable amount of time to repay and set yourself monthly targets. Figure out how much you need to save each month to meet your repayment goal. Your target must take into account your income and your household budget with all your other expenses.

  1. Don’t pile on more debt

Although this is obvious, sometimes the causes of racking up more debt are not so evident. You may be accustomed to using your credit cards often and this can be a mistake while you are burdened with debt. It is highly recommended to stop using your credit cards for any new purchases till you settle all your existing debts. This applies to online purchases at stores which may have your card information saved on file. If you’ve setup your cards to pay bills automatically you should change that setup to use your bank account or debit card instead. Simply put, you must strictly avoid accumulating any new debt for any amount from any source.

  1. Expense cuts

One of the first things large corporations do in a recession is to scale down their expense budgets. The same applies here. Eliminating unnecessary spending is vital if you want to repay your debt within the time you aim to. It can also greatly help if you promptly invest any additional or unexpected earnings such as overtime payments, bonuses and the like into debt repayment. Avoid excesses and luxuries for now. There are many ways to be frugal with minimal change in your quality of life.

  1. Discipline

Making timely payments is vital. Missing a scheduled payment can have multiple negative consequences including late payment penalties, accrual of higher than usual interest and damage to your credit score. In the event that you see yourself falling short of a monthly payment transfer money from another source or ask a friend for help if necessary. You may find that the benefits of making timely payments toward settling your debt far outweigh the costs.

  1. Debt avalanche and debt snowball

As popularized in Jason Vitug’s book titled ‘You only live once’, debt avalanche is the simple and effective repayment strategy of prioritizing higher interest debts. If you have multiple revolving credit debts such as from credit cards, all of them may carry different interest rates. Higher interest debts accrue more debt faster and cripple your capacity to use your income elsewhere. If necessary make only the minimum payments on the lower rate debts and prioritize repayments on the high interest debts till those are fully settled. This strategy can progressively increase the speed and efficiency of your debt repayment effort.

A less effective strategy is debt snowball wherein you repay the smallest amount owed first so that you progressively eliminate your debts starting from the easiest.

  1. Transfer debts to a lower interest

With careful planning you can transfer your higher interest credit card debts to a lower interest card for a limited period. This lets you save sizable amounts in interest payments. However, be careful to do so only if you are confident of your ability to make the lower interest payments on time. If you don’t pay within the deadline a much higher rate will apply and your strategy will backfire, burying you under even more debt.

  1. Avoid the minimum payment trap

Making only the minimum payments won’t get you out of debt. Minimum payments merely postpone and prolong the repayment period. To settle your debts you must commit to pay sizably more than the minimum payments each month.

 


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