Paul Mampilly is a renowned award-winning investor who was a hedge fund manager tasked with overseeing multi-million dollar accounts. Mampilly is the founder of Profits Unlimited an investment newsletter with more than 90,000 followers. He uses this newsletter to reach out to people and help them make wise and practical investment decisions. Among the investment advice, he has given touches on the food industry, automobile industry, and medical sector. These are among other sectors that he thinks investors should rethink before investing.
Investment Advice on Automobile Industry
According to Paul Mampilly, there is bound to be a shift in the automobile industry in the near future. This is because it is costly to maintain and service a car running on a fuel engine which makes it less economical with time. The reason for the above observation is the coming of electric cars. An electric car has very few moving parts, just three as compares to current fuel engine cars. Comparing the cost of maintaining and servicing an electric car with just three moving parts, Mampilly observes that it was economical to own an electric car. It is under this proposition he advises individuals to invest in electric cars and should not be fooled by the current huge market share of vehicle manufacturers, as the trend will soon shift to electric cars. He advises individuals to invest in electric car industry now.
Investment Advice on Medical Sector
The health care system is undergoing a drastic change due to technological advancement as seen even in other sectors. There is a new way of diagnosing and testing patients called precision medicine. Research and recommendation area focused on making personalized medicine using precision medicine standard for all patients. Personalized medicine uses genetic tests where a doctor can have a full genetic profile of a patient where they put it on a database with different DNA profiles and come up with specific treatment ways for that particular patient. Mampilly says that, due to the fast and efficiency of precision medicine, wise investors should not concentrate on drug manufacturing industries for investments. Rather, they should target these testing companies due to their effective treatment ways.
Investment Advice on Food Industry
According to Paul Mampilly, more people are eating out nowadays which is coupled by unhealthy eating habits. This happens out of convenience rather than choice. To get the balance between healthy eating and convenience which are the major reasons that make people eat out more, there have been food delivery companies which have emerged. Mampilly advice that wise investors should invest in them.