7 Lessons From The Teen Wolf Of Wall Street Mohammed Islam & The Non-Existent $72 Million

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New Holiday blowout sale: 50% off newsletters here by PROVEN MILLIONAIRE TRADERS and 50% off DVD study guides here by PROVEN MILLIONAIRE TRADERS

Yesterday I wrote a blog post entitled “Calling Out The Teen Wolf Of Wall Street, Mohammed Islam Who Claims To Have Made $72 Million” arguing against New york Magazine’s claim that high schooler Mohammed Islam could have made $72 million.

It was personal from the start for me since just over 2 years ago he applied to my trading challenge and with just $1,000, we rejected him, as we do with all people with so little because nobody who is in need of a little money just to live on is in the right mindset to become a successful trader. Continue reading

Calling Out The Teen Wolf Of Wall Street, Mohammed Islam Who Claims To Have Made $72 Million

mo wolf copy

As you might’ve read in my best-selling book (free to download here!) I made $100,000 my senior year of high school and $700,000+ my freshman year of college…I’ve made six figures trading penny stocks pretty much every year since (aside from when I did this) and overall I’ve now turned $12,415 into $4.2 million (see all trades here) Continue reading

The 4 Best Charts You Will Ever See

Just a few days left to save 50-75% off on these blowout sales HERE and HERE…I’m very thankful you want to learn, now enjoy these savings and study hard!

I see these truly beautiful charts over and over and over and over and over again, I feel like I’m taking crazy pills!

I’ve made nearly $10,000 the past 2 days short selling the same patterns that have made me $4+ million (see all my trades HERE) and now my students & I have collectively made $17 million as you can see here: Continue reading

The Most Important Thing In Life Is Free

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I’ve had a busy few weeks…thanks to these 50-75% off blowout holiday sales HERE and HERE (shhh don’t tell anyone, but they’re still on just for this weekend as a treat to those of you who read my blog!) well actually, its been a really busy few months and years…as the media has picked up on my pretty insane story and my now several millionaire trading challenge students, most recently this Forbes feature article on me last week and my new Huffington Post column with hugely useful articles like “7 Secrets Of Successful People” and “5 Millionaire Traders on the Biggest Mistakes You Can Make in the Stock Market” has been getting people interested in trading the hot US stock market more than ever. Continue reading

The Buzz On Cannabis Stocks [Infographic]

With the legalization of recreational cannabis in DC, Oregon, Alaska, Washington and Colorado, pot stocks are on the rise. Cannabis and hemp stocks represent a new market. 2013 saw huge growth and this year is no different. Many investors have their eyes on these stocks as more of the country is likely to legalize cannabis causing the industry to grow even more massively.

I created this infographic to summarize what you need to know about cannabis stocks and why investors have their eye on this blossoming industry.

Click the image below to view

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Who Is The Hottest Trader Of 2014?

Just 12 hours left to save 50-75% off on these blowout sales HERE and HERE…I’m very thankful you want to learn, now enjoy these savings and study hard!

This year has been a blowout year for so many great and upcoming traders as more and more trading challenge students are beginning to make five figure, six figure and one has even reached into seven-figure per year profit territory!

So who is the hottest trader of 2014?

Let’s see the contenders: Continue reading

Who Wins My $100,000+ Porsche?

porsche lambo

Only 48 hours left on these 50-75% off blowout sales HERE and HERE…I’m very thankful you want to learn, now enjoy these savings and study hard!

Sorry for the late Sunday post, but I’ve been working all day on my new “How To Make Millions” DVD and my new Spikeability DVD too, both of which are 50-70% off here for just the next few days only during their pre-sales…see this new video teaser: Continue reading

The Youngest Billionaires In The World [Weekend Inspiration]

Celebrate his holiday weekend with these 50-75% off blowout sales HERE and HERE…I’m very thankful you want to learn, now enjoy these savings and study hard!

My dream is that one day, one, or ideally several, of my trading challenge students will be on this list. Trading stocks can be extremely profitable, but you have to profit rather consistently like these guys do to even have a shot at making it “big time” and the problem in the past has been a lack of financial education…something that is now changing thanks to the Internet and free videos like these.

These students of mine are on the right track as their dedication to studying has already changed their lives dramatically in just a few years:

Below is a fantastic post on Forbes that can serve as great motivation for ambitious people around the world. We all want to earn a lot of money, but you can’t get there without A TON hard work and a little luck (and ideally guides like these to help speed up the journey!)

These “young guns” on the Forbes 400 have done both. (http://www.forbes.com/sites/natalierobehmed/2014/09/29/the-youngest-billionaires-on-the-forbes-400-11-under-40/)

Each year, Forbes crunches the net worth of every American billionaire to see who will make the exclusive Forbes 400 list. But 11 members of this club are luckier than the rest: they are in good health, have full heads of hair and many, many years to spend their fortunes.

This year there are 11 American billionaires under the age of 40 on the list, and they have a combined net worth of $78.5 billion, or just under 4% of the $2.29 trillion aggregate net worth of the Forbes 400 ranking.

Unsurprisingly, Silicon Valley whiz kids dominate the billionaire nursery. Napster cofounder and former Facebook CEO Sean Parker is 34, while Twitter cofounder and Square CEO Jack Dorsey is 37. Wireless network entrepreneur and Memphis Grizzlies owner Robert Pera, 36, ranks with a $2.8 billion fortune founded on his Ubiquiti Networks while GoPro camera maker’s Nick Woodman, 39, is worth an estimated $3.9 billion. In percentage terms,Woodman is the year’s biggest gainer, with a 200% increase in his net worth since last year, to $3.9 billion. GoPro went public in June; the stock has been soaring as more people buy GoPro cameras and strap them onto bike helmets, surfboards, scuba gear and more.

Outside of tech, there are still fortunes to be made – or inherited. Scott Duncan, worth $7 billion aged 31, is one of four billionaire siblings who are heirs to the energy-pipeline fortune built by their late father, Dan Duncan. While hedge fund managers have previously had a strong showing in the freshman class of the Forbes 400, this year only Chase Coleman, 39, makes the cut. His Tiger Global Management has about $12 billion in assets under management; Coleman’s personal fortune nears $1.9 billion.

Without further ado, here are 7 of the young billionaires on the list.

Dustin Moskovitz

Dustin Moskovitz

Age: 30

Net worth: $8.1 billion

Mark Zuckerberg’s roommate at Harvard and Facebook’s third employee, Dustin Moskovitz left the social network in 2008 to start software firm Asana. He and his wife, a former Wall Street Journal reporter, devote some time to their Good Ventures, which has given millions to such causes as malaria eradication and marriage equality. Moskovitz bikes to work and flies commercial. He is also a regular attendee at Burning Man.
Mark Zuckerberg

Mark Zuckerberg

Age: 30

Net worth: $34 billion

Facebook founder and CEO Mark Zuckerberg swung big in the past year to keep his social network from eventually becoming irrelevant. In February Facebook shocked the tech world, snapping up mobile messaging app WhatsApp for $19 billion in cash and stock. The following month it announced a $2 billion acquisition of virtual reality headset maker Oculus VR. Facebook stock has soared, adding $15 billion to Zuck’s net worth over the past year, making him the biggest gainer on the list in dollars terms.
Elizabeth Holmes

Elizabeth Holmes

Age: 30

Net worth: $4.5 billion

At 30, Elizabeth Holmes makes her debut on the Forbes 400 as the youngest self-made woman billionaire. She dropped out her sophomore year of Stanford University to found Palo Alto, Calif.-based blood testing company Theranos in 2003 with money she saved for college. With a painless prick, her labs can quickly test a drop of blood at a fraction of the price of commercial labs which need more than one vial. Theranos has raised $400 million from venture capitalists, valuing the company at $9 billion, and Holmes’ 50% stake at $4.5 billion. She has assembled a stellar board that includes elder statesmen George Shultz and Henry Kissinger. Last year, Walgreens, the largest U.S. retail pharmacy chain, with more than 8,100 stores, announced plans to roll out Theranos Wellness Centers inside its pharmacies.

 

Scott Duncan

Age: 31

Net worth: $7 billion

Scott Duncan is America’s youngest billionaire to have inherited his wealth — setting him apart from the tech junkies who also make the list of 30-somethings in the .1%. He is the youngest of four siblings who are heirs to their late father Dan Duncan’s energy pipeline empire. Duncan, formerly the richest man in Houston, died in 2010 at age 77. Enterprise Products Partners has seen its stock surge since last year, building off high demand for natural gas, oil and petrochemical pipelines. It now owns nearly 51,000 miles of pipeline. His net worth has climbed $1 billion since last year due to generous dividend payouts and the quickly growing stock. His sister Randa Duncan Williams is the non-executive Chairman of the board. His two other siblings, Dannine Avara and Milane Frantz, are also billionaires.
Sean Parker

Sean Parker

Age: 34

Net worth: $3 billion

The Napster cofounder and founding Facebook president has turned his attention to politics. In April, he started Brigade Media, a startup that will harness technology to enhance civic engagement. He contributed most of the venture’s $9.3 million in early funding, with angel investor Ron Conway and Salesforce.com founder Marc Benioff chipping in. Parker has given more than $1.4 million to political candidates since last year. For reasons he hasn’t explained, he ramped up his contributions to Republicans, after donating mostly to Democrats in the past. Parker’s fortune reached the $3 billion mark this year thanks to rising share prices for Facebook. Parker is no longer making new investments with Founders Fund, Peter Thiel’s venture firm, which he joined after leaving Facebook in 2006. He’s still a partner in earlier funds and remains on Spotify’s board. He’s also quietly re-launching Airtime, a video chat start-up that flopped two years ago, under a different name.
Robert Pera

Robert Pera

Age: 36

Net worth: $2.8 billion

Robert Pera started as a hardware engineer at Apple in 2003 but bolted exactly two years later to start his own tech company, Ubiquiti Networks. He later said “Apple is a great company, but I realized I wanted to have more success faster.” Ubiquiti, a software and systems communications technology company focused on emerging markets, keeps costs low to out compete established competitors like Motorola on price while maintaining robust profit margins. Ubiquiti’s product range includes Wi-Fi amplification systems that can provide internet access to as few as 10 people or more than 10,000 customers within a 36-mile radius. He took the company public in October 2011, turning him into a billionaire at 34; stock tanked the next year amid Wall Street skepticism and a problem with a Chinese distributor which Ubiquiti sued for counterfiting the company’s products. A Shenzen court, with help from Ubiquiti, recently sentenced one of the distributor’s leaders to five years in prison. Three years after purchasing a 25% stake in the NBA’S Memphis Grizzilies Pera is taking on a bigger role in the team’s management.
Jack Dorsey

Jack Dorsey

Age: 37

Net worth: $2.7 billion

Jack Dorsey counts with all of the characteristics that make a Silicon Valley visionary: he dropped out of college, founded one of the most popular, and valuable, social networks around, and was again ahead of the curve adopting new technology with mobile payments and wallets. Jack Dorsey co-founded Twitter with Ev Williams, Biz Stone, and Noah Glass in 2006, and still derives the bulk of his fortune from his ownership in the company, which stands around 4%. Having moved out of the CEO seat in 2008, he’s Twitter’s current chairman. His attention, though, is focused on Square, the mobile payments app he founded and leads that broke open the market through its innovative reader, which turned every smartphone into a credit card processing machine. As rivals have ramped up the competition, Square has suffered, though, with reports of 2013 losses in the $100 million range and drying cash reserves. Transactions in secondary markets put the company’s value at $5 billion, as Dorsey managed to secure additional financing from a consortium of Wall Street banks including Goldman Sachs and JPMorgan Chase. A certified masseur, Dorsey dropped out of NYU in 1999 and used to frequent punk concerts in his youth. The tattooed entrepreneur has evolved through the years, growing a beard and expressing his interest in becoming New York City Mayor at some point. Dorsey’s father worked for a company that developed mass spectrometers, while his mother was a homemaker.

Stock Market Terminology [Infographic]

When it comes to investing, there is a ton of terminology to learn—it’s almost like a whole new language. The fact is, you’ve got to start somewhere and the more time you spend learning the language of investing, the better your chances of making smart moves.

Knowledge is power when it comes to investing, so I’ve put together 20 key terms to get you started with stock market terminology.

Click the image below to view.

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