Timothy Sykes was born on 16 April 1981, in Orange, Connecticut USA, and is an entrepreneur, stock trader and penny stock expert best known for investing his bar mitzvah money worth $12,415 and turned it into $1.61 million using penny stocks before he reached the age of 21. Aside from this, he teaches and has invested in various business ventures, all of which have helped increase his net worth.
How rich is Timothy Sykes? As of early-2016, sources inform us of a net worth that is at $6 million, mostly accumulated through success in the stock trading market. He’s been featured in various publications and television programs, has written a book, and continues to invest, which will likely increase his wealth even further.
Timothy Sykes Net Worth $6 Million
Timothy started trading his money in the stock market in 1999, usinge the free time he had in between classes at Tulane University. At the age of 21, his initial investment had become $1.65 million, at the point when he graduated from the university with a degree in philosophy, including a minor in business. According to reports, he routinely skipped classes in order to trade, since trading followed a strict schedule. In 2003, he founded Cilantro Fund Management LLC, using $1 million mostly from friends and family.
In 2006, Timothy had started to get recognition and was considered one of the top traders in the market – he received his share of criticism as well as praise for his investment success. In 2008, he decided to replicate his success by starting again with $12,415. He called the project Transparent Investment Management or TIM, and in two years he had turned the money into $90,368 and became the number one ranked trader on Covestor; his net worth rises again.
Sykes has been featured in various television shows over the years. Some of these include “Wall Street Warriors”, “CNBC”, “CNN”, and “CBS Sunday Morning”. He also writes for AOL Finance and TheStreet.com.
Timothy has been involved in other endeavors aside from trading. He published a book entitled “An American Hedge Fund: How I Made $2 Million As A Stock Operator & Created a Hedge Fund” in 2007, which details his day-trading period and his eventual rise to become a multi-millionaire. Sykes also created a pageant called “Miss Penny Stock”, which involves female representatives of his company and brand.
Sykes teaches online, and has students spread over 60 countries. He launched the website Investimonials.com, which collects reviews of things related to the financial industry like services, brokers, books, and videos. In 2011, he co-founded Profit.ly a website that provides stock trade information online. According to reports, Sykes has two students who have already earned over $1 million thanks to his strategies.
There is controversy surrounding him as he’s not really a registered investment adviser, and refuses to provide any necessary documents to prove he is such. Timothy is also outspoken, and has criticized other celebrities like Justin Bieber on how they use bad investing techniques.
For his personal life, it is known that Timothy is engaged to model Bianca Alexa. He also created the Timothy Sykes Foundation which is partnered with other organizations like Make-a-Wish Foundation.
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