Wohl of Wall Street: high school hedge fund manager

Discussion in 'Wall St. News' started by blakpacman, Mar 18, 2015.

  1. blakpacman

    blakpacman

     
  2. clacy

    clacy

    Good for him. Seems to be very smart and motivated at 17. If you can convince people to part with their money (in any number of ways), you can become as financially successful as your dreams and work ethic will take you.
     
    cornix, blakpacman and SwingToWin like this.
  3. lol :D
     
  4. a good and slimy salesmen, yes. but a good trader / investor? what might he be able to achieve by looking at the markets one hour per day?
    and he's way too young to treat this as a serious business. well, time will tell.
     
    blakpacman likes this.
  5. 22.8% returns after commission, not bad for investor returns.
    i hate these kind of cute short not detailed news bits though....they're just hooked on a certain angle...his youth is it. not enough detail or analysis of his story.

    He's only been doing this for four months, if I heard correctly? he must be trading more volatile/risky options; it's impossible to get that kind of return from stock.

    Four months is way too short to gauge/write about someone -- come back after four years.
     
    Last edited: Mar 18, 2015
    Cmoss and blakpacman like this.
  6. he must be "trading" for longer. who would give 200,000 to somebody who's just been in the markets for 4 months? :D
    and 22,8% return (per year i suppose) - well just buy and hold an index etf, would have made the same lately. of course, when stock markets crash again, it will not be so nice. but I doubt our genius will then make better profits either.

    by the way, isn't it common sense on ET to *not* trade for friends and family (and even more for classmates and teachers!). poor guy when his performance breaks or he even starts losing the money they gave him.
     
  7. nursebee

    nursebee

    22.8%? Wow, I better NOT watch those Harvard and Yale classes.
     
  8. InfoTech

    InfoTech

    How is he allowed to market to non-accredited investors?

    http://jacobwohl.wix.com/wohlcapital#!about/c20r9
     
  9. This "news story" had more holes than Swiss cheese.
    His fellow students and gym teacher are investors? None of them are accredited how can they invest in a hedge fund?
    His returns are 22% over what time period?
    Is he even beating the S&P?

    I think maybe his mom works at that station and got that fluff piece on air.

    The Wohl fund is toast the minute we have our first legitimate correction. Book it.
     
    SwingToWin and lucysparabola like this.
  10. InfoTech

    InfoTech

    Or sooner. He should pull that "about" page down fast.
     
    #10     Mar 18, 2015