Entrepreneur, Leader

The Take of Paul Mampilly about Emotional Decision-making in Investment

Paul Mampilly has spearheaded the journey to improving the lives of ordinary individuals in the United States of America since he quit his employment job in 2016. Since then, he has dedicated most of his time in conducting a series of research that enables him to come up with the analyses of the investment markets and the probable trends in the same market. He then dispenses this advice to the everyday investors who are very eager to multiply their wealth using the advice that they get from Paul Mampilly. Mampilly has employed a team of young investment managers at the Banyan Hill Publishing where he does this job. The team is responsible for the collection of the market data and then conducting the necessary market analyses so that they can develop concrete investment predictions from which they can advise their clients.

One of the aspects that Paul Mampilly emphasizes is the use of emotions to make investment decisions. In his submissions, Mampilly says that the definite way to make poor investment decisions is by using the guts or feelings to decide when and where to place your trade. He argues that the only tool to use for that purpose is the brain. This is because to make any investment decision any investor has to perform due diligence to ensure that they are making the right moves to their investments. On the other hand, the investors also have to put in place some strategies and measures that will enable them to measure the viability of the decisions that they make towards their investments.

Another aspect that Paul Mampilly discusses with his clients is about the maintenance of the tax records. A lot of ordinary investors who invest independently are never sure how long they should keep they tax documents for the record purposes. This has in sometimes resulted in disputes between the investors and the taxman. When addressing this challenge, Paul Mampilly indicates that all the tax documents should be kept safely for as long as the owner is in the business. This is for the purpose of the records in case there emerge some discrepancies between the investors’ records and those of the tax authorities.