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The stock market is overflowing with stories of investors who have lost everything and more while navigating the sea of ups and downs. These almost seem like horror stories that warn you to be aware of investing money in stocks. You can even lose the gross amount of your funds to the bear market. Hence, the stock market is lucrative if you are mindful of your choices.
Teenage Millionaire Stock Traders List
Brandon Fleisher is the youngest stock market millionaire who, along with his investment, created a fortune. The most famous teenage millionaire stock traders are Lauren Simmons, Curtis Knee, Ashu Sehrawat, Tim Gritanni, Katherine Chan, Brandon Fleisher, and Justin Brosseau.
This list is made not by assets worth but by media publicity.
Lauren Simmons
Lauren Simmons, born on August 11, 1994, in Marietta, Georgia, has made a significant mark on Wall Street as a trailblazer in the finance industry. She earned her bachelor’s degree in genetics from Kennesaw State University with the initial intent to pursue a career in genetic counseling. However, life took a dramatic turn when she decided to move to New York City and pivot towards a career in finance, leveraging her background in statistics, engineering, genetics, and psychology.
At just 22 years old, Simmons became the youngest and only current full-time female trader at the New York Stock Exchange (NYSE) in March 2017, a position that also marked her as the second African American woman in the Exchange’s 228-year history to hold such a role. Despite the challenges, including a notable pay discrepancy where she earned $12,000 per year in a role where others in similar positions at different firms made significantly more, Simmons demonstrated remarkable resilience and determination. This experience on Wall Street, coupled with the lack of diversity and inclusion, fueled her advocacy for more equitable practices in the finance industry.
After leaving Wall Street in December 2018, Simmons embarked on various endeavors to share her knowledge and experiences. She became a financial wellness expert committed to closing the gap in generational wealth between communities of color and their white counterparts. Simmons has taken her message to multiple platforms, including podcasts, speaking engagements, and partnerships with investment companies like Robinhood and BlackRock. She aims to teach economic empowerment and encourage open conversations about salary and compensation in the workplace. In addition, Simmons has written a book, “Make Money Move,” on personal finance, and her life story is being adapted into a biographical film, highlighting her groundbreaking journey on Wall Street.
Simmons continues to be a vocal advocate for diversity and inclusion in the finance industry, emphasizing the importance of networking and relationship-building for career advancement. Her story has not only inspired many but also opened doors for discussions on the need for systemic change in traditionally male-dominated fields.
Curtis Knee
Cutis Knee is 21 years old, and he started trading at the early age of 13 after being influenced by the news channels. He was keenly watching the news business section of the news channel when the market quotes diverted his attention and hooked him. Curtis identifies as a value investor, and his principles are continually trading fair and square.
Curtis only invests in companies with excellent records and impeccably organized books. Fo, fortis will invest in companies with lower debts and exponentially growing assets. He also emphasizes the orderly function of the company and a responsible management team.
Curtis’s investment efforts fell apart when he traded in the stocks of an oil company without conducting a detailed study of the company. However, after the incident, Curtis always indulges in a comprehensive analysis using the price-to-earnings ratio to determine whether the stock is undervalued or overvalued. Thus, he deviates from companies that function at the mercy of company handouts.
Ref Wayne
Ref Wayne is a person who had a keen interest in trading even when he was in high school. He left high school in 2011 and started trading in forex. It is believed that by nineteen, he had already built a fortune worth a million. He has built on his success and has many things to show about charity and philanthropy. He set up the Ref Wayne Foundation to help poor and underprivileged children. He also penned a book called The Art of Trading. It explains both the practical and theoretical aspects of forex trading. According to estimates, Rey Wayne must be worth around $500 million. Hence, his phenomenal success could be a great way forward for others keen on making big money in forex trading. Ref Wayne’s net worth is around $500 million (estimated in October 2019).
Ashu Sehrawat
Ashu Sehrawat is 22 years old and has an established name in India’s stock market, with millionaire status. He is a serial trader who enjoys the day and swings trading, among other avenues. He took a liking to the market at the age of 18 while observing his father, who invested through the buy-and-hold strategy to rack up profits.
Ashu became fixated on making money through stock trading, did extensive research on trading, opened his account, and became a part of the penny stock chat rooms. He came to know about breakouts and started practicing them. However, he did not yield significant results and resorted to short selling instead. He earned a good profit on his trade but realized that something more mystic needed to be excavated from the vast trading world.
Moving forward, he started being very picky about the stocks being too short and finally cherished a hefty profit. However, he did not run away from experience and learned to maximize his profit as a short-biased trader. He is the proud owner of a trading bog where he teaches new enthusiasts about trading and his personal market experience.
Justin Brosseau
This millennial made ripples in the news when he racked up an astounding 250% return on all his stock investments. At the time, he was 16 and made history by investing his life savings of $650 in 3three stocks: GR (GE), Citi (C), and United Airlines (UAL).
He was a teenager, and this return was enough to wow away most of the crowd. He continued to ride this wave of profit through multiple investments, and as he reached the age of 23, the portfolio stood at $12,300, 19 times more than his initial amount.
When Justin was a Neuqua Valley High School sophomore, he was fascinated by the stock market. His teacher assigned him to create a project based on mock stocks. He chose
United Airlines and did an intensive study of the same until he was familiar with every aspect.
In 2009, he convinced his dad to become a co-signer for his Scottrade account and $4 United shares. In 2014, he sold the same for $41, believing he is a player in the long run. Before investing in any stock, he analyzes any share based on profits, earnings per share, debt, and sales. Then, to estimate the future paths, he also monitors the company’s capital.
Justin believes that it is fate and that anybody can lose for a win, as he also invested in companies apart from Apple (AAPL), Disney (DIS), and Netflix (NFLX), which did not yield the expected results.
Katherine Chan
Katherine Chan was in the middle of a financial crisis when she kicked off her career. She graduated from Harvard in 2007 with a degree in linguistics, brain, mind, and behavior. Before this degree, she interned at the global energy division of the Credit Suisse Group. She was in the office full time in 2008 and witnessed the market reach its ultimate heights and then crash consequently.
By harnessing her internship experience, she bagged a chance at Vora Capital Management in New York. At the time, this firm was valued at $25 million and grew into a $1.5 billion form through leisure and gaming focus. Then, she harnessed her basis for buy-side proficiency and used it as the co-founder and senior analyst of Anandar Capital Management.
She teaches women to excel in the trading world and ensures they receive the required mentorship to become acquainted with it.
Brandon Fleisher
Brandon Fleisher is a 22-year-old prodigy who turned $48,000 to $147,000 at the age of 17. This achievement surpasses all at such a young age. In math class, an activity introduced him to the concept of stock trading. It triggered his curiosity, and he learned about stocks by reading lots of books.
His best friends were stock-related books, company reports, and SEC reports. He observed returns on a virtual account on Market Watch and convinced his parents to invest in it. They co-signed for him by investing $48,000 of their savings in the market.
The money grew threefold in a short span of two years. Fleisher is more interested in investing in small-scale companies that have plenty of time to grow and sustain the upward shift. He conducts a study and invests for 6-8 months.
He prefers to leave his emotions out of this business and holds his stock even in times of fluctuations if he feels like things will look up. His expert advice is to learn how to research rather than struggle with it.
Conclusion
These five millennials are the epitome of the stock trading world. If you are also venturing into the investment world, look up their stories and resources to ensure good results from your trading decisions.
Stock trading is not easy, and enthusiasm will fade without determination. Hence, dedicate yourself and do not look for shortcuts. Do not rely on the sentiments of your friends, and do your homework to navigate the market.
He is an expert in financial niche, long-term trading, and weekly technical levels.
The primary field of Igor's research is the application of machine learning in algorithmic trading.
Education: Computer Engineering and Ph.D. in machine learning.
Igor regularly publishes trading-related videos on the Fxigor Youtube channel.
To contact Igor write on:
igor@forex.in.rs
