This Teen Earned $72 Million Trading Stocks During Lunch Time
Mohammed “Mo” Islam, a boy from Queens, is rumored to have made $72 million trading stocks.
According to New York Magazine, he was introduced to the stock market by his cousin when he was only 9.
He used some money he made tutoring to try his luck in penny stocks, but enjoyed gambling, and gave up after losing a great deal of money.
He continued to study finance and became inspired by billionaire Paul Tudor Jones, particularly his philosophy of “You learn more from your losses than from your gains.”
According to the New York Post, Islam went on to trade oil and gold stocks during lunch at Stuyvesant High School. He now owns a BMW, a Manhattan apartment and a net worth in the “high eight figures.”
Islam’s story ranked 12th in New York Magazine’s “Reasons to Love New York.” He believes trading and investments are the foundations of the global economy.
“What makes the world go round? Money. If money is not flowing, if businesses don’t keep going, there’s no innovation, no products, no investments, no growth, no jobs.”