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Children Are Dying in Yemen — Here’s What We Can Do Right Now

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Written by Timothy Sykes
Updated 4/16/2022 10 min read

It’s more important now than ever to invest in the well-being of the world. That’s why I’ve helped create a fundraiser for Yemen with my charity Karmagawa.

Right now, Yemen is experiencing a truly horrifying crisis. A civil war plus the COVID-19 global pandemic have put the people — particularly the children — of Yemen in an impossible situation. And we need to do what we can to help.

Our goal? Raise $500,000. Please, donate here.

I know the pandemic has made life challenging for everyone. It’s harder than usual to take care of even yourself.

Yes, you must take care of yourself and your family. But it’s also important to give back to those less fortunate than you. In a global sense, this is a way of investing in the world’s — and your own — future. So you’ve gotta do what you can.

We have an opportunity right now to help the people of Yemen. I believe that using the internet and social media can be used for good to help create awareness:

I talked a little bit about this in my most recent Millionaire Mentor Update, but I want to share more information here. This is important.

What’s Going on in Yemen?

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The current crisis in Yemen started just short of a decade ago. In 2011, an uprising effectively forced President Ali Abdullah Saleh out of his position. His deputy, Abdrabbuh Mansour Hadi, stepped into power.

While the motivation behind this switch was to make the country more stable, it didn’t work. President Hadi had to contend with food and water shortages, dissenting opinions, and militant attacks.

Then, things got worse. In 2014, rebels took control of the capital city and the Saada areas in the north. Hadi fled and took exile.

In 2015, there was a counterattack against the rebels in hopes of bringing President Hadi back to power … and the war was on. It’s still going on today.

COVID-19: Contributing to the Humanitarian Crisis in Yemen

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The civil war has wreaked havoc on its own … The coronavirus has escalated the situation into what’s been called the world’s largest humanitarian crisis.

Imports are restricted. This keeps aid and essential goods from getting to the people.

Yemen’s healthcare system was already in shambles. Add a global pandemic on top of that, and things are now dire.

 

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⚠️WARNING: GRAPHIC IMAGES⚠️ Repost from @karmagawa WE MUST GET URGENT HELP FOR THE PEOPLE IN YEMEN! Please share this post with your followers and tag people, celebrities, influencers & news media who need to see this because not enough people know that Yemen is the largest humanitarian crisis in the world, with more than 24 million people, 80% of the population, in need of humanitarian assistance right now, from food/water to shelter & medicine, including more than 12 million children, with one child dying every 10 minutes! We must work together to spread awareness about this crisis all over social media RIGHT NOW because with coronavirus now breaking out across the country, Yemen is facing an emergency within an emergency as sanitation, food and clean water are in short supply…with food prices doubling in the past month alone! There also aren’t enough health facilities operational, and many that are open lack the basics like masks and gloves, let alone the oxygen and medicine needed to treat patients. We at Karmagawa are proud to support & donate to @unicef and @unicef_yemen which has teams on the ground helping, but they need more funding by the end of June and that’ll only be possible when we all use our social media platforms to spread massive awareness about this crisis so please share these heartbreaking photos and videos with your followers, encourage them to also share with their followers too & tag celebrities, influencers and news media who need to see this and let’s make EVERYONE aware of this urgent crisis in Yemen that nobody is talking about but which will kill millions of people & children in the next few weeks/months if we do nothing, SO LET’S HELP YEMEN RIGHT NOW! #saveyemen #prayforyemen #yemen #karmagawa

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Right now, hospitals don’t even have basics like masks and gloves. Food prices have doubled in recent months.

Right now, 15 million people or more are at risk of starvation.

As much as 80% of Yemen — more than 24 million people — require humanitarian assistance.

Many people have died. Many more will die.

As this Karmagawa post states, a Yemeni child under the age of five dies every 10 minutes … due to causes that are totally preventable.

We want to aid in preventing further damage and help as many people as we can. 

How Can You Help?

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Listen, I get it. I’m a day trader. You probably came to this site to learn how to get rich quick.

First off, that’s not actually a thing. If you want to find consistency as a trader, you have to study and work hard. Even then there are no guarantees.

Second, you’ve gotta open your eyes. It might seem like Yemen’s really far away and has nothing to do with you. But you live in the same world.

With events like this happening unchecked, how long will it be until the travesties spread? How long until the world is no longer a hospitable place to live, much less a place where you have the freedom to pursue wealth as a trader?

We have to do as much as we possibly can to improve the situation of those less fortunate. 

Don’t get me wrong. I love being rich. But I also recognize that I have a responsibility as a human being to do whatever good I can.

No child should be dying of hunger. Nobody should be dying of preventable causes like the people of Yemen. That’s why, along with Karmagawa, I’ve created this fundraiser.

Yemen Fundraiser

Here’s the direct link to the fundraiser: Please Help Yemen Any Way You Can, This Is Tragic.

The Karmagawa Yemen fundraiser was created to assist three incredible and highly worthy charities:

  • Unicef Yemen
  • Save the Children Yemen
  • Doctors Without Borders

These established charities are both in a great position to do good work and already have an established presence in Yemen.

The idea is to help the children and people of Yemen by providing them with food, water, medicine, and shelter — things many of us take for granted.

Our goal is to raise $500,000. Will you help us?

DONATE HERE TO HELP GIVE THE PEOPLE OF YEMEN A BETTER LIFE

We are SO thankful for any donation you can make.

Help Us Help Yemen

As of last week, my goal was to raise $200K. As you can see by this tweet, it was going well:

I’d already raised over $95K by June 16. We flew by the initial goal. As of this writing, we’ve reached nearly $400,000.

So we increased the goal to $500,000. Why?

Because the war in Yemen is nowhere near ending. The coronavirus is spreading fast. According to a UNICEF spokesperson, at least $30 million is needed by the end of June … And that’s the bare minimum to keep the basic infrastructure going.

So yeah, we’re gonna try to raise as much as we can.

Seriously — no donation is too small. Just like how I always say that small wins add up over time in trading, small donations add up. If everyone gives a little, it can do a lot.

Please join us. Donate here.


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Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity. Read More

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (205) 851-0506 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”