While at Banyan Hill Publishing, where he serves as a senior editor, Paul Mumpilly specializes in helping Main Street Americans to find wealth in growth technology, investing, special opportunities, and small-cap stocks. His career began on Wall Street in 1991 as an assistant portfolio manager at Bankers Trust. He quickly made his way up as an executive ING and Deutsche Bank, where he would manage multimillion-dollar accounts. In 2006, Paul Mumpilly was recruited by the owner of Kinetics Asset Management as their hedge fund manager. Under his leadership, the firm’s assets rose to $25 billion, earning the rank of the world’s best hedge fund.
Paul Mumpilly would also participate in the Templeton Foundation’s prestigious investment competition. With a starting capital of $50 million, Paul Mumpilly managed to amass return within a year, growing that capital to $88 million. Even more impressive is the fact that Paul Mumpilly achieved all this during the 2008-2009 economic hardship. Eventually, he retired and decided to spend more time with his family. Nonetheless, Mumpilly is still an entrepreneur and doesn’t consider himself as a retired portfolio manager.
Instead of helping the ultra-rich to manage their wealth, Paul Mumpilly shifted his focus to helping everyday people manage their investments. He founded Profit Unlimited and Extreme Fortunes, a famous hedge fund firm to help low-net-worth individuals manage their funds. He intends to open True Momentum, a new research service in 2017. Paul Mumpilly brings his ideas to life through extensive research. He takes 30 to 40 hours before issuing a stock pick. Much of his efforts go to forming a write-up on a stock to ensure his clients gets a winning stock portfolio.
All issues that Paul Mumpilly release come with example scenarios to allow readers to understand how each stock could work for them. Besides, he provides a lot of data and charts for readers to sift through. He recognizes that each person he writes for has a unique financial knowledge, and therefore makes the instructions clear and easy to follow. Paul Mumpilly attributes the success of his recommendations to the Internet of Things and millennial megatrend.