Timothy Sykes net worth is approximately $15 million dollars, Timothy is an American stock trader and entrepreneur by profession. He is especially known for penny stock trading, so let’s know who is Timothy Sykes and his net worth.
Timothy Sykes Net Worth
Timothy Sykes, an American stock trader, and entrepreneur, boasts a net worth of $15 million. Born in Orange, Connecticut in 1981, he gained fame as a penny stock expert. Sykes made headlines after he turned his bar mitzvah money into a fortune exceeding $1 million.
He accomplished this feat by day trading penny stocks while attending classes at Tulane University. With his gift money of over $12,000, Timothy started his journey into trading penny stocks.
|Net Worth (2023)||$15 Million|
|Date of Birth||April 15, 1981|
|Nationality||United States of America|
|Birth Place||Orange, Connecticut|
|Age (2023)||42 years old|
|Parents||Joel Sykes and Jo-Ann Sykes|
|Education||Amity Regional High School and Tulane University|
|Height||5′ 8″ (1.75 m)|
|Weight||72 kg; In pounds: 159 lbs.|
|Source of Wealth||Stock Trading and Other Entrepreneurial Ventures|
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Timothy Sykes Early Life
Born to Joel Sykes and Jo-Ann Sykes in Orange, Connecticut on April 15, 1981, Timothy Sykes pursued his education at Amity Regional High School and later at Tulane University.
After completing his bachelor’s degree in philosophy and a minor in business in 2003, he graduated from Tulane.
Timothy Sykes Career
During his time at Tulane University in 1999, Timothy Sykes started trading penny stocks with $12,415 he received in Bar Mitzvah gift money and turned it into over $1.65 million. In 2003, he founded the short bias hedge fund, Cilantro Fund Management, with $1 million from family and friends.
The fund was ranked the #1 long-short microstock hedge fund in the US by the Barclay Group from 2003 to 2006. In 2006, Sykes was featured on Trader Monthly’s “30 Under 30 List” of upcoming traders.
In 2008, Sykes invested $12,415 in Transparent Investment Management (TIM) in an attempt to recreate his initial trading success. His investment grew to over $90,000 in just two years.
In 2007, he launched TimothySykes.com to share valuable penny stock trading tips, and in 2009, he founded Investimonials.com, a website dedicated to collecting user reviews of financial brokers, books, and videos.
Sykes is also the founder of Profit.ly, a social service that provides stock trade information on the Internet, which was launched in 2011.
Today, Timothy Sykes works as a financial consultant and educator.
Information About Timothy Sykes Net Worth
Timothy Sykes’ net worth as of 2023 stands at $15 million, which he amassed through his career as a penny stock trader. Over the years, Sykes has diversified his investments, and he reportedly earns $4 million annually from various engagements, including day trading, which accounts for $250,000 of his annual income.
In addition to stock trading, Sykes also generates income from his writing and television appearances. Sykes’ self-published book, “An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund,” chronicles his day trading journey from his early days at Tulane University. He is also well-known for his appearances on the reality TV show “Below Deck.”
Social Media Profile
Timothy Sykes Instagram
Facts About Timothy Sykes
Timothy Sykes is a well-known entrepreneur, investor, and stock trader. Here are some facts about him:
- Timothy Sykes was born on April 15, 1981, in Orange, Connecticut, USA.
- He graduated from Tulane University in 2003 with a degree in philosophy and a minor in business.
- Sykes became interested in trading stocks while he was still in college and started trading penny stocks with his bar mitzvah money.
- He turned his $12,415 bar mitzvah gift money into more than $1.65 million in just a few years by trading penny stocks.
- In 2006, Sykes launched his own hedge fund called Cilantro Fund Management LLC, which he later shut down.
- He is also the founder of Profit.ly, a social network for traders, and co-founder of Investimonials, a website for financial product reviews.
- Sykes has been featured in various media outlets such as CNN, Forbes, CNBC, and The Wall Street Journal.
- He has written several books on stock trading, including “An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund” and “Penny Stocking: How to Get Rich Trading Penny Stocks.”
- Sykes is known for his controversial and often polarizing views on stock trading and investing.
- He is also known for his philanthropic work and has donated more than $5 million to various charities, including Pencils of Promise and the Make-A-Wish Foundation.
FAQ About Timothy Sykes
Who is Timothy Sykes?
Timothy Sykes is a stock trader, investor, and educator. He is known for his success in penny stock trading and his educational courses and programs aimed at helping others learn his strategies.
What is Timothy Sykes’ Background?
Timothy Sykes started trading stocks as a teenager and became successful at trading penny stocks. He graduated from Tulane University in 2003 and launched a hedge fund in 2004. He later became a full-time educator and launched his own educational company.
What is Timothy Sykes’ Trading Strategy?
Timothy Sykes’ trading strategy involves trading penny stocks based on technical analysis and his own proprietary research. He looks for stocks with high volatility and uses chart patterns to identify potential trades.
What Educational Products does Timothy Sykes offer?
Timothy Sykes offers a range of educational products, including online courses, DVD courses, and a trading chat room. He also offers a mentorship program for those looking for more personalized instruction.
What is Timothy Sykes’ Net Worth?
Timothy Sykes’ net worth is estimated to be around $15 million, largely from his trading profits and educational business.
Is Timothy Sykes a Scam?
There are differing opinions on whether or not Timothy Sykes is a scam. Some people believe that his educational products are overpriced and that he exaggerates his trading profits. Others argue that his strategies are legitimate and that he has helped many people become successful traders. Ultimately, it is up to each individual to do their own research and make their own judgment.
Can Timothy Sykes’ Strategies work for everyone?
Timothy Sykes’ strategies may not work for everyone, as trading involves risk and individual results may vary. It is important for traders to develop their own strategies and to understand the risks involved in trading before investing any money.
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