These days, there are so many ways to become a millionaire. You could win the lottery (Ha!), you could work hard, save up enough money and earn your way to being a millionaire. You can invest your money in real estate, or in minerals such as gold… the possibilities are endless for the shrewdest of minds. Including Tim Sykes, also known as the Penny Millionaire (No, he did not save up pennies until he reached $1million!)
The Tim Sykes Story
Tim Sykes is most famous for taking advantage of the loopholes in the Penny Stock exchange and basically working his way to a million dollar fortune. If you consider the fact that most shares in the penny stock exchange are sold for only a few cents, this makes his feat even more remarkable! Today, he is an author and an advisor on his own website. His message is simple: YOU can make money off of the penny stock exchange. It’s nothing shady, it’s no scam, it’s just the simple secrets that people never really knew.
Tim originates from Orange, Connecticut, and was born in 1981. There’s not much to say on his early life really; his story only kick started in his college years, where he was studying Philosophy at Tulane University. So how did this ordinary story turn into him becoming a millionaire by the age of 21?
Millionaire by 21
He wasn’t living the normal college life at Tulane. He confesses on his website that while others were studying hard, he was skipping classes; instead, he was investing and trading penny stocks daily. He managed to turn $12 415 dollars which he received as gift money from his Bat Mitzvah, into $1.65 million in the space of 3 years! By the time he had reached senior year, he had created his own hedge fund and scholarship program that aided not only talented students, but faculty stuff as well as alumni. He describes it on his website as “An economic bailout program that was ahead of its time!”
Tim Sykes has dedicated his life to exposing the untruths of large corporations who trade in the stock market, aiming to help “The little guy” as it were. He uses his keen, sharp knowledge of the market to identify scams and lies out there and get ahead of the game himself. Things were going well, however, in 2006 he made a massive loss in his hedgefund.
American Hedge Fund
Things weren’t looking too bright, and it seemed as though his fortune had finally deserted him. However, he found ways to pick himself up. First by starring in the hit reality tv series Wall Street Warriors and then by writing his own autobiography which became a best seller, entitled American Hedge Fund.
This book gave him a new voice, and new found popularity and he has since risen to become one of the most widely recognized figures in the world of business and stock trading. He has since made a lot of enemies too; after all, big companies can’t be too happy at having their malicious secrets exposed! But it’s only served to make Tim a more endearing figure towards the financial public.
Tim Sykes is quite possibly the ultimate rolemodel for anybody looking to enter the world of penny stock trading. 1/5th of the top 50 000 traders on Convestor are all disciples of his newsletters or Penny Stock DVD program! The man knows how to make money, and he’s ready, willing and able to impart his ways on those willing to learn! This is the main reason why he has created the Penny Stock Millionaire program.
