Timothy Sykes sent me an advance copy of his new book, “An American Hedge Fund” for review. We were so thrilled to have our review included in his new book. We wish the author much success with his book launch and hope that you can get an opportunity to check this book out!
Have you ever wondered what it would feel like to play the stock market? In, “An American Hedge Fund” Timothy Sykes takes you on a roller coaster of ups and downs, sharing his wild experience of how he was able to make two million dollars as a stock operator and by creating a hedge fund.
Timothy takes you on the journey from the beginning, sharing his passion for making money quickly at the tender age of twelve. With hopes of making money with his baseball collection and then trying his hand at stringing tennis rackets to make some extra cash, Timothy always possessed a desire to make money fast and had the entrepreneurial spirit to make it happen.
While his classmates were making dates and planning for their prom, Timothy was dreaming of investing money and winning the stock market game. With his $12,415 Bar Mitzvah money, he was able to turn this sum of money into $1.65 million dollars in the course of just four years, all while finishing his high school career and beginning his college career at Tufts University.
Timothy shows how his good research and great gut instinct gave him the skills to know which companies to invest in and when to pull that money out. He shows how he was able to obtain his financial success, but also is wise enough to share his mistakes and what he wishes he would have done differently when looking back upon his youth.
I loved this book for a number of reasons, but the one thing that I really appreciated about Timothy’s story was that playing the stock market was a game for him, not necessarily that he wanted to be wealthy. He seemed to enjoy the thrill of investing and winning the game, but did not seem to be trying to achieve great wealth or notoriety. For him, investing was a fun hobby and his parents supported his dreams, but also wanted him to stay grounded and levelheaded about his fame and fortune.
This really struck a chord with me in my own financial journey. For me, saving money isn’t necessarily because I have to, but it is a game for me to see how much I can save by making changes in my life. It is not necessarily that I have to make my own bread, for example, but when crunching figures I find deep satisfaction in knowing how much I could save by making that small change in my life. For me, it is about saving money and the satisfaction I get from keeping money in my account. For Timothy, it is about how he can take that money and make that money grow by making wise financial investments.
I would highly recommend this book to anyone who is interested in seeing how to work the stock market and also how one young man was able to turn a small investment into an amazing career as a millionaire hedge fund manager.