Investor Tim Sykes featured in inaugural YOUNG MONEY Radio podcast

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Posted on : 26-07-2007 | By : Daniel | In : YOUNG MONEY magazine, Young investors

If you’re a college-age radio listener, then you’re probably not a big fan of talk radio. But I’ve got some news that might make you change your mind.

Until now all the money-themed shows on talk radio were either too dull, too confusing or aimed at an older audience. YOUNG MONEY Radio is here to change all that. Our new weekly radio program is now online to provide real world help and guidance for young adults looking to make smarter financial decisions.

The show will cover the same popular topics featured in the magazine such as careers, entrepreneurship, investing, financial aid, automotive, travel, technology and entertainment. You’ll hear rock-solid advice from young business leaders such as Global Student Entrepreneur Award winner Mike Brown and millionaire investor Timothy Sykes.

We’ll also feature interviews with young celebrities such as Indy car racer Danica Patrick, pro golfer Natalie Gulbis and baseball all-star Grady Sizemore discussing their careers. Sure, you could simply read our feature story on Danica in next month’s issue. But wouldn’t it be better to visit youngmoney.com/radio and listen to my entire interview with her?

I remember the first time I was asked to do a radio interview back in 1999. A local station said they wanted to discuss the Y2K banking crisis that was making news at the time. People feared that a technical glitch would cause computer systems worldwide to crash on New Year’s Day and wipe out clients’ financial records.

It turned out the whole interview was just a joke thought up by the morning DJs. They had even hired a HAL 9000 sound-alike from the film 2001: A Space Odyssey to make wisecracks. We promise that our radio show won’t be like that. There’ll be no wacky sound effects, no lame contests (Be caller number 11 and win a free waffle iron!) and no Paris Hilton updates EVER.

We think money radio can be both informative and entertaining. I hope you’ll give us a chance to prove it to you.

Comments

Do Not Let Tim NEAR your MONEY!!

Cilantro/Sykes Hedge Fund Audited Performance SUCKS BIG TIME (3/2003-6/2007):

Compounded Annual Return: 1.52% (underperformed money market rates, with much higher risk; better to buy CD’s than lose with Tim)

Cilantro/Sykes Fund Sharpe Ratio (Annualized): -0.06
(may as well bet on coin flips; or do as Tim Sykes and sell out and go on TV/self-publish etc)

BEWARE: SYKES SUCKS(in many ways)!!

Seeing how “Kaplan Accounting” seems to do nothing more then copy and paste the same posts into nearly every comment section around the internet about Tim, and a host of other people, all I’ve really learned is definately do not do business with Kaplan Accounting.
Their obvious hatred and envy for Tim, and a variety of other traders around the net, is certainly not the “business model” I know I’d would want to do business with.
Perhaps if they spent less time surfing the web for comment sections to flame people in, and more time doing whatever it is Kaplan is suppose to do (must be a small firm, I’ve certainly never heard of them, and it’s my business to do Accounting firm research), then maybe they themselves would be successful instead of just hating other people’s fortune, or relishing in their misfortune.

Hey Thomas Fields (Sykes drone),

Why not invest $100K with Sykes/Cilantro “Hedge Fund” if you really like him so much? LOL

He has not had any new investor in years!! Lots of redemptions since investors losses continue and “Fund” is down -36% since Jan2006.

(Horrible Annual return of 1.5% since Mar2003 is less than you would get in a checking account, with much more risk!!)

ATTENTION: Sykes/Cilantro Fund Refund

All current and former investors should contact Tim Sykes who has agreed to refund his investors losses.

Sykes said: “I’ll definitely try to pay back my investors, the largest of whom is me!” (9/4/07)

http://www.elitetrader.com/vb/showthread.php?s=&postid=1591876#post1591876

I just read Tims book; summary in a nutshell:

1) Timmy made money trading the NASDAQ bubble (along with everyone else).

2) Timmy has not made money trading in the last 5 years.

3) Timmy is trying to make money off his ‘99-’01 track record, while lying about his trading failures over the last 5 years.

I just saved you the $20 book fee.

Just finished reading this mediocre book. Its an empty and uninspiring story about Tim Sykes, a self-absorbed irresponsible stock trader. This book is NOT a “classic” and story is NOT “Rocky-like”(as author Sykes claims).

Sykes put the term “stock operator” in title in order to confuse all future book searches for Jesse Livermore’s excellent story (Reminiscences of a Stock Operator, by Edwin Lefèvre (1923)). This cheesy trick might help book sales, but needless to say, Sykes has nothing in common with the great trader Livermore.

Sykes comes across like a hyper/immature/video game player-type Trader, which worked for him for a few years; then the law of averages caught up with him. His “return to the mean” continues during the past two years; and his very poor investment strategies are DOWN -36% since Jan 2006. His continous bad performance throughout 2007 shows that he does not learn from his mistakes; and readers can only cringe while watching Sykes slow motion demise.

I purchased Sykes book and read it over the weekend. It is a poorly written life story of a failed trader who has fallen on hard times. This book is basically like a blog of an average person who got lucky trading stocks (which it really should be – blog and nothing more).

Beware of all the phony glowing reviews for Sykes Book. Its the good ole boy network in high gear where authors/investment advisers use the buddy system to give fake good reviews to each other.

Book NOT worth $20!
Better bet is to buy book – Millionaire Traders by Kathy Lien. At least you will learn something. OR Curtis Faith’s book.
(I like Tim, and hope he eventually finds a career through which he can succeed).

Tim,
It is not your LOSING MONEY but it your LOSING HEART that makes me wonder if you ARE A MAN AT ALL…

Almost every good/great trader had big losses and came back. BUT YOU SIR simply RAN away and are TRYING to FIND another profession..
that’s SIGN OF A LOSER..

If your story had shown even a slight iota of grit in you it might have been worth read.

But You are just another loser..Many people make a fortune in markets.
and as they say Markets GIVE and take back with same ferocity…

I just hope you have a better luck as a writer (which btw doesn’t look like happening as of now)

Hi Everyone,
Lots of quality post here, than you for making such a great forum.

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