Neither of you appear to have a shot at winning this thing but your names earned points in our book. As for people who should start picturing what life will be like when they’re sporting a Dealbreaker banker bag around town…
Remember Tim Sykes? In 2006 he was featured in Trader Monthly‘s 30 Under 30 list for turning his “Bar Mitzvah gifts totaling $12,415 into a pre-tax sum of just under $2 million” (and was subsequently uninvited to the magazine’s party for “not behaving like a responsible member of the financial community”), starred in the first season of Wall Street Warriors, almost died in a fire he claimed was started by Dealbreaker readers, and accused the Securities and Exchange Commission of being “rapists.” Anyway, he’s still alive and is currently soliciting women to help him teach people things about stocks, or something.
Timothy Sykes, millionaire trader and investment teacher, has created a beauty pageant, Miss Penny Stock, to “inspire students” (or perhaps an excuse to peruse attractive women). “It’s going to be a classy competition,” Sykes insists. “It’s not going to be some ditzy girl who wants to get by on her looks, it’s going to be a girl who wants to learn stocks.” At the casting event, beauties will model “bikini and cocktail” (presumably dresses, not drinks) and be asked questions like, “Do you know about stocks?” He says more than 100 women have already applied. “She’ll be a pretty face to show what I can do with my teaching,” he continued. “I want to teach everybody, so why not models?”
The more frequently you monitor your portfolio, the more likely you are to observe a loss.
This is likely to cause short-sighted decisions and could hurt your investment performance.
If you are checking your portfolio more than once per quarter, you’re doing it too much.
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Dan Egan, Betterment Director of Behavioral Finance and Investing
Knight Capital Group Chief Executive Officer Thomas Joyce said in a letter to clients yesterday […]