14 year old fund manager

What a joke.. Anyone can be a 'fund manager' in the best bull market this world will ever see........... Say 'bye' everyone b/c this is the last we'll hear from him unless he attends Columbine HS or VT. Then we might be hearing a lot once it's found out he's been trading his tuition money behind his parent's back.....

 

Im not going to bash the kid but does anyone remember the story about the 13 year old kid that hyped penny stocks sent out millions of emails and made a ton then got investigated by the SEC

 

Yeah there's a brief mention of him in the latest trader monthly rag....they say he now has his own website & investment newsletter, and he has some ridiculous statement claiming he's the "most experienced 22 year old in the market". Riiiiiiiiight, Ok sure.

 

Speaking of the devil!!!

http://www.traderdaily.com/magazine/article/5439.html

ON FEBRUARY 25, 2001, as the first Internet economy issued its final breath and expired a bloated, diseased wreck, a sullen 16-year-old boy glared out from the cover of the New York Times Magazine, a suddenly convenient scapegoat for every day-trading greenhorn who had dumped his life savings into Webvan or Pets.com. Since September 1999, Jonathan Lebed, a gangly, auburn-haired teenager from Cedar Grove, New Jersey, had banked some $800,000 in illicit trading profits by conning credulous market rubes via the then-novel method of chat-room stock touting. The financial press scribbled eagerly as he recounted how he generated his windfall using only an AOL address, an E-Trade account seeded with a savings bond he’d been given at birth and an easily remembered URL — stock-dogs.com — where he peddled his pink-sheet snake oil. Arthur Levitt’s SEC had zeroed in on Lebed when he was just 14, having linked several companies hyped on stock-dogs.com with a separate con artist already under investigation for fraud. The teen soon emerged as the public face of investors’ Nasdaq hangover, even sitting for an October 2000 60 Minutes profile memorable mainly for Lebed’s goofy earring and the (perhaps calculated) cluelessness of his parents. Though never formally charged, Lebed settled with the SEC for $285,000. He now appears to be trying to milk his adolescent infamy for still greater gain. The self-proclaimed “most experienced 22-year-old investor in the market” maintains a new Web site (lebed.biz) and publishes a newsletter that ranks penny stocks. (“Never invest based solely on information from this Web site or our e-mail alerts,” he helpfully notes.) Repeated attempts to contact him went unanswered. Perhaps, older and surely wiser, trading’s first former child star now prefers to let his prognostications speak for themselves.

 

I can't believe someone hasn't paid a visit to his house.

 

I'll just repeat what was said.

Never confuse brains with bull market.

Too many people overlook this simple truth. If he gets back into the games after he blows up his new 30K fund, he has a chance.

 

Yep, that pretty much says it all. That happens WAY too much.

 

some traders think doing trading is more important than doing surgery.