Paul Mampilly’s newsletter has cracked the ceiling with an outstanding number of subscribers

Paul Mampilly is the founder of Profits Unlimited, a stock market newsletter. As of March 9th, the newsletter has cracked the ceiling with 60,000 subscribers. Mr. Mampilly had the idea of giving some great stock investment advice to people. He partnered with Banyan Hill Publishing to get his idea out there last year. In his newsletter, he tells the people about new stocks and how well the stock is doing on his website. Being unique, Mr. Mampilly tells his readers that they should buy the stocks themselves in their own accounts. Two readers of his newsletter have said they have made a lot of money with the stocks he offered.

Paul Mampilly started his outstanding journey back in 1989 as an Account Assistant at Chatham Street Management. In 1991, he became Account Administrator at Bankers Trust Company. Bankers Trust Company changed to Deutsche Bank. Mr. Mampilly had helped them gain 40 billion dollars in the Taft-Hartley and Public Fund accounts. In 1999, he was a research analyst at Deutsche Asset Management. Mr. Mampilly commended healthcare, financial and utility stocks while working there. He also helped ING Funds with healthcare stocks in 2002.

Paul Mampilly founded Capuchinomics in 2003. Capuchinomics was a research service that spotlighted on behavioral finance. For Kinetics Asset Management, he helped the Kinetics Hedge Fund have 25 billion dollars in assets. In 2011, Mr. Mampilly commended investment choices in four newsletters published by Common Sense Publishing. With his advice, there were 25 million dollars in sales.

Mr. Mampilly acquired a BBA in Finance and Accounting at Montclair State University in 1991. He also acquired an MBA in Finance at Fordham Gabelli School of Business in 1997. In 2009, Mr. Mamapilly won an investment competition which was orchestrated by Templeton Foundation. He wowed everyone by molding a 50 million dollar investing into an 88 million dollar investment.

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Market tumbles on good news

The stock market tumbled today with both the Dow Jones and S&P indexes dropping almost 1.5%. Underlying these drops were strong job numbers that led to the decline. The economy added jobs at a rate in excess of predicted rates with the unemployment rate being reduced to 5.5% which is close to being considered full employment.

The market dropped in reaction to this news as the sights of many investors are now put on what the Federal Reserve’s reaction will be to this news. Brad Reifler has read that Many investors believe that the Fed will raise interest rates sooner than previously believed as a result of this news which will put downward pressure on stocks as investors will have alternatives such as bonds to invest in.

Janet Yellen, the Federal Reserve Chairman, previously indicated that interest rate increases were likely to hit towards the end of 2015 but would be done slowly and in a measured manner to reduce the impact that these increases would have on investors and other participants in the economy.

The industries that are most susceptible to interest rate increases were hit the hardest. Utilities and real estate investment trusts (REITs) are thought to be the most impacted by rate increases as their bond like yields become less attractive for investors who are searching for yield once interest rates rise.