17yr old makes 72million trading stocks ... Update - :duck:
- Thread starter smitty22
- Start date
I'm not, but I wanted to hear what was up. Im most accounts that aren'tthe IRS are willing to work with you.
But if they feel you owe them, they may give you a break now, but your ass will hemorrhage later. The only cartel on earth
that doesn't have to fire a shot to light that ass up.
Best bet is trying to get it cut down, doesn't always work, then work on a payment schedule. Where you can pay like $100month, until you get your next refund (they will hold it back) and you continue your payments, depending what you owe/due. I went through it for over 11k and it was not cool at all, but I cut a lot of stress out by paying only $100/month to keep them from sending me those scary letters literally every 3 days. And Every march they held my return for 2 years and now I am good with them. They are scary people cause its all automated so once you are in that process...it gets crazy
Hood Critic
The Power Circle
This is dangerous reporting, how many people are going to be fleeced by his "future" hedge fund?
Data-Hawk
I have no strings on me.
Naw not really, I invested $3k in a certain water company last yr and I already make 10 million and on pace to make 50 million in 2015. Yall some damn losers. Yall laughed at us all last yr.. Now who's laughing
nikka..
Nothing about future payouts. They reduced it and let me pay in installments. I'm not sure if I caught someone on a good day, but it happened. All you gotta do is ask and see. The worst they can do is say no. That's what I figured and it worked.
im about to call them and beg for a reduction
Straight up. I read a post somewhere that said give em a sob story and say you're willing to pay. Supposedly, they give settlements all of the time, but people are scared to ask.
of course it's unlikely dumbass that's why it's newsworthy
what the fukk would higher learning know you guys are the dumbest section next to the booth
BaldingSoHard
Banned
This website is so hostile...
But since you asked, lemme educate you.
There are only 3 ways that someone could amass a $72 million dollar fortune trading stocks.
1. Start with an already large amount and increase it marginally
2. Continuously invest a small amount and earn decent-to-good annual returns over a very long period of time
3. Invest a small amount and earn outrageous annual returns over a short period of time
Since he's only 17 year old, we can exclude #2 as a possibility, leaving only two other options. Occam's Razor teaches us that the most likely scenario is most often the one to be true. And in a world where a 20% annual return is considered beyond exceptional, we can reasonably exclude option 3, because he would have to have been earning well over 800% annually, while still starting with an amount greater than what a 17 year old would be able to amass on their own. So the only mathematical possibilities here are that he either started with a large amount, or he's lying.
The article wants you to believe that a kid can make himself a multi-millionaire with just a few dollars and a couple savvy stock picks. The article did it's job on you. The rest of us know how this stuff works.
Lemme know if you have any more questions.
of course he started with some millions you dumbass
probably started with 10-20 mil and took stupid amounts of risk, got lucky
and that's not even Occam's Razor you saying it wrong
you stupid
BaldingSoHard
Banned
It's called paraphrasing.
paraphrase this dikk
BaldingSoHard
Banned
That's kind but I'm good on penis, thanks. Did you have any more questions?
breh already got a 'deal with it' face
shyt looks like an album cover for The Dream