After a long career on Wall Street, Paul Mampilly decided to make his exit as a hedge fund manager. He now shells out investing advice to over 100,000 subscribers of his newsletter Profits Unlimited. During his time on Wall Street he worked for high powered firms such as ING and Deutsche Bank. His many investing successes caught the eye of the leadership of Kinetics Asset Management. They brought him in to manage their hedge fund and he grew it from $6 billion in value to $25 billion. It was after this that he left, tired of helping really wealthy people get even more. Learn more about Paul on Inspirery.com.
Paul Mampilly says that he was never a great athlete. He didn’t have a natural talent for it and would never stand out as a player. He did practice and play hard, though, including being out on the field alone trying to get better. He ran extra laps and otherwise tried to get better.
He says that even though he was never going to be a sports star he does know investing opportunities when he sees one in the sports industry and associated ones, such as shoes and apparel. Paul Mampilly says that sneakers are the next big investing opportunities. He says people can see this for themselves pretty simply. They just need to Google “Air Jordans” and they’ll see how much in demand they are. There are even websites set up to track the value of sneakers such as SoleCollector.com.
One example he gives of what can be earned with shoes is a pair of Air Jordan 2 Retro “Don C” sneakers. They have achieved a 900% return since they launched. Another pair, the Air Jordan 10 Retro “Double Nickel” sneakers have returned 426%.
It was two decades ago that people began collecting sneakers. It started out with Air Jordan’s and now include other brands such as “LeBrons”. The three biggest firms pumping out these types of shoes are Nike, Puma, and Adidas. These are all multinational firms and they are all doing really well financially. Their stock values have been going up right along with the popularity of their products.
Paul Mampilly has told his readers that this trend is going to continue. There are many millennials who collect shoes. Many have shoes fetishes, he says, which means they will continue to buy the shoes of Puma, Nike, and Adidas. He recommends investing in these companies and seeing great returns as a result.