Another day and another story about a kid who has tripled his money in the market, these stories usually mean one thing, I won't go there, but will let you decide what I mean....so basically this kid borrows $48,000 from his parents and triples his money, he started at age 13 playing with fake money..... so figure by the time he was 14 he got his first real trading account, now keep in mind he is 17, so 3 years trading this market, if you pull up a chart for the last 3 years, the market has only gone one way, this kid doesn't even know what the dot com bubble was, was too young to remember the start of the private equity bubble, the housing bubble, the commodity bubble, the lost decade in japan, etc etc, he never trading through the financial crisis or when fed fund rates were at 5% and 8%, he has only trading through the biggest historical bull market in history where QE 1, QE 2 QE 3 has propped up stocks and indexes around the world, where the fed remains dovish at every step of the way making sure that zero rates stay down for as long as they can... where central banks stimulate every world market....where rates are 0% and the fed bows to wall street, where companies get bailed out and the too big to fail never fail, where TARP exists and free markets will never...this is the environment this kid is trading in, he has never experienced a correction, a bear market, with a 74 straight monthly bull market he has no idea what a down market looks like, feels like, to him he doesn't even know what the color of red looks like on wall street...... Meet the 17-year-old investor who tripled his money By Patrick Gillespie @CNNMoneyInvest The Financial Bulls, to help new investors learn about the markets -- for free. Feeling small yet? There's more. CEOs take Brandon's calls. When he bought thousands of shares of mobile-advertising company Inuvo (INUV), Brandon had questions. Inuvo's CEO, Richard Howe, picked up. "He would call and ask fairly intelligent and insightful questions even though we thought he was 17 or 18 years old," says Alan Sheinwald, Inuvo's investor relations counsel. "He really acts as though he's a professional investor." Related: The millennial investor raking in a 250% return Brandon the investor: Brandon has learned a lot since he started "back then," at age 13. In his 8th grade math class, Brandon's teacher asked students to pick a stock to follow and see how it performed. Did he pick: Apple (AAPL, Tech30)? Starbucks (SBUX)? GE (GEIMX)? Nah, The Toronto native went for Avalon Rare Metals (AVL). Avalon's stock ended up hitting an all-time high that spring. "Investing is something I love to do," Brandon says. Soon after the class, Brandon started trading fake stocks on Marketwatch.com. He got so good that his mom, a dentist, and his dad, who runs a metal scrap business, co-signed a TD Ameritrade(AMTD) Direct account and gave him $48,000 of their savings to invest. His approach: Brandon has had an unusual investing style since his middle school math class days. Most fund managers recommend that new investors buy big, well-known stocks or put their money into mutual funds or ETFs. Not Brandon. He usually goes for small cap stocks, and he hasn't held onto a stock for more than a year, he says. Brandon only owns eight stocks (one outlier to his philosophy is Time Warner (TWX), CNN's parent company). He likes investing in small companies for a few reasons. When almost anything happens to the company or its industry, the news is bound to move a small stock. As Brandon found with Inuvo, small companies sometimes make their leadership accessible to investors, providing a spotlight into the company's brains. "It's almost like you can give them a job interview to see if you would want that person to be the CEO," Brandon says. It's these types of insights Brandon is trying to shine the light on for other young investors. Brandon the writer: Millennials are known for their love of sharing online. Brandon does the same thing, just with stock picks and investing tips. He breaks down definitions in his "Investing 101" guide. He has a team of 40 (unpaid) writers for The Financial Bulls and its newsletter, which has grown from 60 subscribers in January to 375 today. Brandon met most of the writers online through a group called Leaders Investment Club. "I want to encourage people to learn about investing," Brandon says. The site "gets ideas out from younger investors and gives a fresh look on things." CNNMoney (New York) April 28, 2015: 9:47 AM ET http://money.cnn.com/2015/04/28/inv...estor-17-year-old-brandon-fleisher/index.html
yes as long as the fed keeps rates and 0% and the rest of the central banks keep pumping money into the market he will be....how could you fail when markets never go down and are always propped up by the fed and central banks...where is the risk involved?
By luck or skill hes made some good moves so far, borrow money so you have a reasonable size account and go big in the middle of a bull market. If hes lucky he may figure out how to keep some of it whilst the bull market lasts.
yeah, how i love those stories "kid ten-folds his account" or "how i made 1M from 1K in 6 months"... most trading forums are full of this shit. and the very next post is "learn the strategy that made me 1M... i sell you the ebook for 500 USD". honestly, i thought the niveau on ET was higher. should this kid be real, i bet my account he will blow up before 20.