Posted on 12/14/2014 1:14:21 PM PST by SMGFan
He’s the teen wolf of Wall Street.
A kid from Queens has made tens of millions of dollars — by trading stocks on his lunch breaks at Stuyvesant High School, New York magazine reports in its Monday issue.
Mohammed Islam is only 17 and still months away from graduating — but worth a rumored $72 million. “The high eight figures,” is as specific as the shy and modest teen would get when asked his net worth.
(Excerpt) Read more at nypost.com ...
$72 million and 72 virgins Hmmm
Virgins are expensive these days considering the demand and supply ratios lately with all of the Muslims dying while doing jihad at the hands of NATO.
More likely, Hillary’s success was backdated trades.
The trades were recorded much later, when the broker knew the which way the market had already gone.
If so, it was a payoff to Hillary and/or Bill. But, by who? Probably not the broker, but they could have booked backdated losing trades for someone else and balanced their books.
LOL. But is he eating Michelle’s school lunches??
Mohammed Islam
???!!!
I’m pretty sure he still has a hard time getting chicks.
There is a young lady, in my hometown, who made her first million by the Tim she was 18. She did got the money by baby sitting and other odd jobs, this level of financial wherewithal does exist. However, this young man soul either have to be extremely lucky, or have access to a lot of gas to play with.
I suspect that he’s not doing this on his own.
Well he has terrible taste in clothes. That red tie is atrocious!
Sure, like maybe grandpa died and willed him twice that two years ago.
I do know of a lady who by just reading Investors Business Daily was able make some pretty good money. So much so, that the SEC knocked on her door two different times. And could find nothing on her.
You sound as if you understand money. It’s useful to know the different ways one can invest, even with a middle to low income.
No “Insider Trading” needed. The theory is this:
The broker set up two accounts, one for Hillary, one for Tyson Foods. He then bought futures contracts. At the end of the day, those that made money went into Hillary’s account, those that lost money went into Tyson’s.
After 10 months of doing this, Hillary’s $1,000 was $94K+ and Tyson had their Arkansas Environmental waiver.
(Sorry, no documentation at my fingertips. Any other Freepers have links?)
Too bad penny stocks aren’t more popularly used by the young to understand investing and end up using penny stock trading as training to begin gaining experience in higher level trading later in life.
I’m of the opinion that the physical Penny 1 cent Coin should be taken out of circulation. However, as a tool of investment, the Penny or 1 cent increment should remain as a choice.
He still may. Do you really know how hard it is to find a virgin nowadays?
Making large, leveraged, concentrated bets on things and winning, I guess. If he’s 17, he’s been trading, what 3 years?
I don’t begrudge people success, but if it’s too good to be true, usually is. Insider trading? Money laundering? Tho I would say lately considering Fed’s printing money like mad, all you had to do is BUY, and buy with leveraged instruments like options, and you make $$$.
I’ve been out of the game since 2010 after Frank-Dodd, but I ran a paper portfolio on a model I worked on about a year back, in 2013. Getting 20-1 leverage I could show almost 80% net over the 6 months that I tracked it, and primarily the gains were there because the market just keeps getting inflated by Fed.
But even that kind of return doesn’t get you from essentially 0 to 72M, over, say 4 years of high school. Not even close. It doesn’t get you to 72M if you started with $1M.
Guess I’m not that smart. That’s why I’m not eating the $400 caviar. Or perhaps that’s because I only do legal things.
LOL!!!...At least you know that was stupid.
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