Any updates considering that was printed June 2018?
Is the HF still in business? Any performance numbers?
Is the HF still in business? Any performance numbers?
This 18-year-old launched a hedge fund from his bedroom in suburban New Jersey
- Thread starter dealmaker
- Start date
Mar. 22, 2019
https://tonyflorida.com/youngest-hedge-fund-manager/
https://tonyflorida.com/youngest-hedge-fund-manager/
Who are his investors? Is it from supportive family members who feel obligated to support him? I will not ask my family members to be investors because I'm putting my family members in a difficult position. They may feel awkward to reject me. Unless I have good reason to be confident, I won't put their money at risk.
I will respect a fund manager more if he risks his own money first to establish a track record, then ask for money from prospective investors.
What I will do is first ... risk my own capital, lose my own money first when paying school fees. After I have a good track record to justify risking other people's money, then I ask for other people's money.
The teenager has not gone through a few boom-bust cycles and paid his due to the market. Please pay your school fees with your own money first.
I will respect a fund manager more if he risks his own money first to establish a track record, then ask for money from prospective investors.
What I will do is first ... risk my own capital, lose my own money first when paying school fees. After I have a good track record to justify risking other people's money, then I ask for other people's money.
The teenager has not gone through a few boom-bust cycles and paid his due to the market. Please pay your school fees with your own money first.
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When I was 18, I had never heard of a hedge fund or an investment banker.
Props to the motivated young man.
But, in order to be a hedge fund manager, don't you have to have a series 7 license or other licenses to buy and sell options for others, be a supervisor etc.........?
Even being the office manager of a large brokerage office requires a certain skill set.
And who would sponsor an 18 year old kid and put themselves at risk ?
I wonder if this is a sign of a Bust. The modern version of shoe shine boys and hot dog vendors giving financial advice immediately prior to the Crash in '29?
No. But what’s the likelihood this stunt puts him on a Goldman trading desk for the next four summers.
He's already done the intern gig, right? I am inherently wary of these press releases/stunts. What can the kid offer? He's not even finished two years at Penn and what exactly is the value-add? He likes stocks?
This is his Cole and Ted's "multimedia firm." A Yahoo page.
http://blackforestinc.com/
Oh wait. Jacob was on his "board"
Mattox also reached out and spoke with another young financier, Jacob Wohl, who today is only 20 years old, according to Wohl’s LinkedIn profile. Mattox has spoken with Wohl on the phone and met him in person once when he was out in Los Angeles. Wohl is now one of the members of the Mattox’s Board of Advisors. (Update as of November 2018: Mattox is no longer associated with Wohl.)
Sweet.
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Probably family members who feel obligated to support a young kid and don't mind losing their money in the process. Blood ties matter more than money.