Timothy Sykes Net Worth: Timothy Sykes is a penny stock trader who turned a $12,415 Bar Mitzvah gift into $1.65 million by day trading while he was still in college. In 2011, Sykes helped start Profit.ly, an online social service with about 20,000 people that gives information about stock trades. Sykes says that the service has two goals: “creating public track records so that gurus, newsletter writers, and students everywhere can learn from the wins and losses of other traders to help the whole industry.” One of Sykes’s students, Tim Grittani, traded stocks for three years and turned $1,500 into $1 million. Another student of Sykes, Jack Kellogg, made more than $10 million buying stocks while he was being taught by Sykes.
Timothy Sykes’s Net Worth
Timothy Sykes is an American stock trader and business owner with a net worth of $15 million. Sykes was born in Connecticut in 1981, in the town of Orange. Sykes is an expert on penny stocks. He traded between classes at Tulane University and turned his money from his bar mitzvah into more than a million dollars a day. Timothy used the more than $12,000 he got as a gift to buy small stocks.
He stopped trading and focused on investments instead. His fund lost more than 36%, so he closed it. He started Cilantro Fund Management LLC in his last year at Tulane. From 2003 to 2006, BarclayHedge said that Cilantro was the best short-bias fund. In 2006, Trader Monthly named Sykes one of the “Top 30 Under 30” traders.
In 2007, he wrote a book called An American Hedge Fund: How I Made $2 Million as a Stock Operator and Started a Hedge Fund. In just two years, he turned the $12,415 he put in back in 2008 into more than $90,000. Timothy is an advocate for financial issues and a teacher. In 2009, he made Investimonials.com and in 2011, he made Profit.ly. He found out that Shaquille O’Neal and Justin Bieber were involved in pump-and-dump plans and told them to stop.
Career of Timothy Sykes
In 2003, Sykes graduated from Tulane University with a bachelor’s degree in philosophy and a minor in business. Sykes used to skip classes at Tulane to day trade. In 2003, he set up Cilantro Fund Management, a small hedge fund with a short-bias, with $1 million mostly from friends and family. After making money at first, the fund was shut down three years later because it was losing a lot of money.
In 2008, Sykes tried to repeat the success he had with his first investment by starting with $12,415. Sykes wrote An American Hedge Fund: How I Made $2 Million as a Stock Operator and Started a Hedge Fund and released it himself in 2007. The book told about what Sykes did as a day trader and how hard it was for him to start a hedge fund.
In 2012, Sykes put together a contest for the female brand and business ambassadors called “Miss Penny Stock” It is a financial beauty pageant. appeared in season 2 episode 10 of Below Deck. Season 5’s 13th show, as well. through the Bravo channel
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His Teachings and Projects
Timothy Sykes made TimothySykes.com and wrote the book “An American Hedge Fund” after Cilantro Fund Partners went out of business in 2007. In 2009, Sykes started Investimonials.com to get feedback from customers about financial agents, videos, books, and other services.
In 2011, Sykes helped start Profit.ly, a social network with about 20,000 users that gives online stock market knowledge. Sykes says that one of the two goals of the service is to create public track records so that gurus, newsletter writers, and students can learn from both the wins and losses of other traders. This is good for the whole industry. In Ghana and Guatemala, 20 new elementary schools will be built.
By 2019, the Karmagawa Foundation, which used to be called the Timothy Sykes Foundation, had built 57 schools and given more than $4 million to 45 environmental nonprofits.