100: Tim Sykes, Pro Investor and Founder of Profit.ly

Published: April 21, 2015, 7 a.m.

Those of you who are interested in the stock market and enjoyed listening to the recent episode with Frank Cruzio (episode 78) are in for another treat\u2026 Today\u2019s guest is a rader who made millions by age 22 by investing his $12,415 in Bar Mitzvah gift money in penny stocks\u2026 He also started a hedge fund during his senior year in college that went on to become the #1 ranked short bias fund by Barclay for 3 years. His name is Tim Sykes. After his hedge fund went bust in 2007 (that\u2019s right, don\u2019t try to do this at home, folks!), Tim appeared on major TV networks and shows, including a popular reality TV show \u201cWall Street Warriors\u201d which aired in 20+ countries and inspired hundreds of daily emails from fans wanting to know more about him and his trading strategy\u2026 He ended up writing about it openly in his self-published best-selling autobiography \u201cAn American Hedge Fund\u201d and later started a publishing and financial education company. He now has 3,000+ students in over 70 countries that he teaches how to trade and grow thousands into millions. He also runs a social network for traders called Profit.ly, which has about 50,000 members, some of whom pay Tim to receive daily e-mail tips, weekly newsletters, and access to thousands of videos such as the trading webinar he\u2019s just begun. Tim has also recently started a program with former NFL star Plaxico Burress to help educate athletes on how to be financially smart with their money, especially once their professional sports career has run its course. Some takeaways from our interview: \xb7\xa0 \xa0 \xa0 How he made millions by age 22\u2026and what did he do with that money? \xb7\xa0 \xa0 \xa0 If you\u2019re just starting out and new to the active investing world, what should you do first?