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April 15, 1981 (age 37)|
Orange, Connecticut, U.S.
|Residence||Miami Beach, Florida, U.S.|
|Alma mater||Tulane University|
Sykes graduated from Tulane University in 2003 with a bachelor's degree in philosophy and a minor in business. While at Tulane, Sykes routinely cut class to day trade. In 2003, during his senior year, he founded Cilantro Fund Management, a short bias hedge fund, using $1 million mostly from his friends and family.
In 2006, Sykes was included on Trader Monthly's "30 Under 30" list of up-and-coming traders in the market, a selection which editor Randall Lane later called "our worst pick" among the chosen honorees. Sykes claimed that the Cilantro Fund was "the number one long-short microstock hedge fund in the country, according to Barclays"; Lane later discovered that the rating came from "the Barclay Group," a small research company based in Fairfield, Iowa, and not the well-known Barclay's British bank.
In 2008 Sykes decided to recreate his initial investing success by again starting with $12,415. He named the attempt Transparent Investment Management (TIM). After two years, Sykes turned the sum into $90,368 and was the top ranked trader on Covestor.
Sykes self-published An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund in 2007. The book documented Sykes' experiences from day-trading in college to becoming a wealthy hedge fund manager.
Teaching and other projects
Sykes currently works as a financial activist and educator.
In 2009, Sykes launched Investimonials.com, a website devoted to collecting user reviews of financial services, videos, and books, as well as financial brokers.
Sykes co-founded Profit.ly in 2011, a social service with about 20,000 users that provides stock trade information online. Sykes said the service serves two purposes: "creating public track records for gurus, newsletter writers and students and allowing everyone to learn from both the wins and losses of other traders to benefit the entire industry."
In December 2013, CNN Money wrote an article on Sykes and his student Tim Grittani. Under Sykes's guidance and coaching, Grittani turned $1,500 into over $1 million in 3 years. Grittani was Sykes's second student to earn over $1 million following Sykes's strategies.
In February 2017, Sykes donated $1 million to Pencils of Promise to help build 20 new primary schools across Ghana, Guatemala and Laos, to be completed between 2017 and 2018.
- Yousuf, Hibah. "Trader turns $1,500 to $1 million in 3 years". CNN Money.
- de la Merced, Michael (December 8, 2006). "Culturally, Hedge Funds Go Public". New York Times.
- "Timothy Sykes Will Not Be Stopped, Gosh Darn It". New York Magazine. November 1, 2007.
- Neal, Jeff (March 13, 2009). "Interview Central: Timothy Sykes, Part 1". Forbes.com.
- Toren, Adam (October 25, 2011). "Young Entrepreneurs: "Quit being such babies!" Tim Sykes Tells it Like it Is". YoungEntrepreneur.com.
- "US magazine toasts star traders aged 30 or younger" (PDF). Reuters. July 27, 2006.
- Joe, Michael (May 8, 2012). "Two students win Sykes Award recognizing nontraditional abilities and interests". Tulane.edu. Archived from the original on February 25, 2013.
- Randall Lane (2010). The Zeroes. page 56: Penguin Group. ISBN 978-1-59184-329-0.
- Barber, Andrew (August 2006). "30 under 30" (PDF). Trader Monthly.
- Thomassen, Lucilla. "5 Things You Should Know about Tim Sykes". TopTenPK.com.
- Randall Lane (2010). The Zeroes. pages 151-153: Penguin Group. ISBN 978-1-59184-329-0.
- "Wunderkid is Back". Investment News. November 12, 2007.
- "'Wall Street Warriors' TV Star Timothy Sykes Sets Up New & Transparent Challenge". PR Web. November 1, 2007.
- Kuhn, Eric (May 6, 2008). "From Bar Mitzvah Thousands to Bar Mitzvah Millions: Tim Sykes Launches New Site". Huffington Post.
- Sykes, Timothy (November 2, 2009). "How To Turn $12,415 Into $90,368 In 2 Years [A BLUEPRINT]". TimothySykes.com.
- Goode, Michael (December 10, 2009). "A first look at auto-trading Tim Sykes using Covestor Investment Management". GoodeTrades.com.
- Sykes, Timothy (2007). An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund. BullShip Press. p. 235. ISBN 0979549701.
- Chatzky, Jean. "An American Hedge Fund". Oprah.com.
- "Stock up on girls". The New York Post.
- La Roche, Julia. "Penny Stock King Tim Sykes Is Hosting A Beauty Pageant Where Girls Will Parade Around In Bikinis And Cocktail Outfits". Business Insider.
- "Party's Over for Hedge King". New York Post. September 21, 2007.
- Kincaid, Jason (November 25, 2009). "Investimonials Wants To Be Your Guide To Quality Financial Products". Tech Crunch.
- "Best Advice I Ever Got: Timothy Sykes". Inc. June 1, 2011.
- Anderson, Tom (September 15, 2011). "Profit.ly Mines The Masses For Stock-Trading Gold". Forbes.
- "Veteran Trader Timothy Sykes Creates Two Millionaire Students, Proving the Average Joe Can Outperform Wall Street's Big Boys". Reuters.
- Rampton, John The Man Who Wants Everyone to Be a Millionaire Inc. September 24, 2015
- "Make Money and Make an Impact with Tim Sykes". Lewis Howes.