He's done so well in the stock
market, he should be driving a fancy
car, except he doesn't have his license
yet.
16 year-old Dan Abrahamson has
figured out a stock strategy that's
bringing him the kind of money that
teenagers, and some adults, only dream
about. Derek Slap has the story:
WHEN 16 YEAR OLD DANNY ABRAHAMSON IS NOT AT DRIVING SCHOOL, HE'S ONLINE
RUNNING A FINANCIAL WEBSITE, AND MAKING A KILLING ON THE STOCK MARKET.
Dan Abrahamson: "I have a very nice chunk of change, very respectable amount."
EXACTLY HOW MUCH HE WON'T SAY...BUT CONCEDES IN FOUR YEARS HE'S EARNED HIS
FRIENDS AND FAMILY WELL INTO THE SIX FIGURES.
HOW IS THIS POSSIBLE? AFTER ALL DANNY IS STILL TRYING TO MASTER THE THREE POINT
TURN. HOW CAN HE HAVE WALL STREET MASTERED? WELL, THE ANSWER MIGHT SURPRISE
YOU.
Dan: "I was a comic book collector at age eleven and that was what really interested
me, comic books."
HIS GRANDFATHER SUGGESTED HE BUY SOME STOCK IN MARVEL COMICS. THE STOCK TRIPLED
IN VALUE, THEN TRIPLED AGAIN. DAN WAS HOOKED.
Dan: "I thought this could be profitable. I could make a lot of money here."
AND HE HAS. HIS SECRET? HE SPENDS HOURS EACH DAY RESEARCHING STOCKS. AND HIS
OTHER EDGE...HIS AGE.
Dan: "I suppose my youth give me an aggressiveness that perhaps older investors don't
have."
LIKE HIS DAD.
Alan Abrahamson: "I look at red ink as bad. He looks at red ink as usual."
BUT MAKE NO MISTAKE, ALAN ABRAHAMSON IS A PROUD FATHER. AND WHY NOT? DAN IS
USING HIS GIFT TO HELP OTHERS.
AT HIS MR.BIZ.WHIZ WEBSITE, HE DISHES OUT FREE INVESTMENT
ADVICE. IN THREE MONTHS, MORE THAN 24-THOUSAND PEOPLE HAVE CLICKED ON.
Dan: "Everyday I say this is great. I'm sixteen years old and I'm loving this."
IT'S NOT EVERY 16-YEAR OLD WHO'S A BIGGER FAN OF WARREN BUFFET THAN JIMMY
BUFFET!
