If you are looking for exciting ways to expand your investment portfolio, then you will probably find a dizzying amount of information out there, covering everything from investment vehicles to investment tactics. You’ll also most likely run into the name Timothy Sykes somewhere along in your search for an investment strategy that can use to turn a small sum of money into a much larger sum. When you do, it’s a good idea to stop for a while to take it all in, as Timothy Sykes might could be your answer to making it big time.
Who is Timothy Sykes? Many would say that Sykes is an investment prodigy. When he was still in high school, he used his $12,000-plus bar mitzvah money to enter into the investment game, ultimately turning that $12,000 into over a million dollars. By the time he was 21, he’d grown that money to $1.65 million. While a student at Tulane University, Sykes routinely skipped his classes to trade, also making time during his senior year to found the hugely successful Cilantro Fund Management LLC. A short bias hedge fund, Cilantro Fund Management LLC was named by Barclays the number one fund of its type in the years 2003 through 2006. Sykes, himself, was named by Barclays one of the top “30 under 30″ traders in the stock market.
How did Sykes do it? Sykes’ investment strategy is one of high risk: He day trades penny stocks. Day trading is the practice of trading several stocks in one day–sometimes holding onto a stock for only a matter of minutes, or even seconds. Penny stocks are those stocks that can be purchased for pennies on the dollar (although some cost as much as $5).
How to follow Sykes’ lead. If you are interested in learning Sykes’ secret to success (and who wouldn’t be?), then you should be pleased to know that there are numerous resources out there to help you do just that. Sykes has written some books about his trading strategy, as well as his personal experience in trading from the ground up. Look for_ An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund in 2007_, and visit his websites Investimonials.com and Profit.ly.
It is important to note that, while it is possible to leverage a little bit of money to make a fortune using Sykes’ trading strategy, it is not likely. There are also a lot of people who write about Timothy Sykes fraud and scam accusations, so you’ll need to be careful about what info you take seriously. Sykes is an exception in the trading world, and that is why he has garnished so much attention for his massive success. It would be a mistake for you to dive into trading like Sykes without acknowledging the fact that you will likely have to suffer a number of setbacks in order to see gains . . . and that you might not ever see a $10,000 investment to a million dollars. Still, Sykes would probably tell you that it never hurts to try.