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Meet A 19 Years Old Nigerian Who Runs A Hedge Fund. by adurisas: 6:37pm On Feb 15, 2019 |
A hedge fund company is an organisation that pools capital from investors and invests it in several assets. It is hard to get people to put their money in anything that does not guarantee profit. However this young nigerian man "Abduljaleel Muhammad Danyaro" but popularly known as AMID AfRO-ABDOOL DANYARO operate a hedge fund from his spare room. AMID founded AmidzzZZ Managements in July 2018 when he was 17 years old. Now, AMiD is 18 years old studying Computer and Communications Engineering at Abubakar Tafawa Balewa University Bauchi. The young financier can't say who his clients are or how much they invested for legal and privacy reasons, but he says he has more than one and fewer than five clients in his hedge fund. AMID has wanted to work in finance from a very young age. "He bought his first Share when he was just 15" AMID was inspired by the great warren buffet and hopes to take his footsteps, he launched AmidzzZZ from his bedroom which he calls his office. Amid started learning about finance from his laptop at a tender age. He's also proactively taught himself about the world of finance, Amid would often burn the midnight oil educating himself. It's his curiosity that has made him successful, according to his own analysis. "I think I'm a pretty normal kid beyond the fact that I read a lot and talk to financial professionals and executives from some really interesting companies who have been kind enough to mentor me along the way," he says. Running a hedge fund at 17 or 18 years old means managing his client relations around homework, but it also means talking carefully with investors about why he is qualified to shepherd their cash through the markets. "The hardest part up to this point was having people take me seriously and realize that I'm not kidding," saysAmid. "Some people have been tremendously supportive and have been, you know, in awe in regards to what I'm doing, but other people have been quick to discount me, so that's definitely been the hardest part." Amid will buy himself food when he's out, but otherwise he reinvests the money he makes running AmidzzZZ Managements. "The compound interest formula is a very powerful thing," says Amid. "Yeah, so it would be tempting to spend some of my money but at the same time I look at the future and look at you know how well I'd like to do then and realize that a lot of the things temporarily that I would want now I probably would not you know appreciate just as much as I would in the future." He did buy himself a pair of "nice shoes," but they didn't make much of an impact. "I think they were in Jordan fives," says Amid. "I bought them, and I was like, 'These are cool!' I wore them twice and then I was like, 'Oh, okay, that's enough!'" The young financier says he wants to retire early and devote the rest of his life to giving back in one way or another. "I envision myself hopefully retiring at 40 and then dedicating the rest of my life to public service, whether it be charities or elected office," says Amid. Amid's sister says her brother has an intense drive. "Once Abdool kind of fixates on something, he doesn't let it go," says his sister . "And that goes for just the mundane things that he wants, you know, materially, but also the things that he wants in terms of his career and professionally. He seems to kind of glom on to something and it's an idea that he talks about, he might obsess about it a little bit, but he just he just doesn't let it go because he wants to make it happen so badly." And Amid says his persistence has a lot to do with his achieving so much at such a young age too. "The secret to success is work hard and never take no for an answer. When people think you can't do it you need to prove them wrong he says. 1 Like 1 Share
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Re: Meet A 19 Years Old Nigerian Who Runs A Hedge Fund. by xenastar(f): 8:19pm On Feb 15, 2019 |
Lol |
Re: Meet A 19 Years Old Nigerian Who Runs A Hedge Fund. by Ibrahim505(m): 8:48pm On Feb 15, 2019 |
Nice move 1 Like |
Re: Meet A 19 Years Old Nigerian Who Runs A Hedge Fund. by Okoyeebo: 9:19pm On Feb 15, 2019 |
He would crash within 3 years. Not because of his own mistakes, but SEC would kill his business. He's unlicensed. |
Re: Meet A 19 Years Old Nigerian Who Runs A Hedge Fund. by adurisas: 7:04am On Feb 16, 2019 |
Okoyeebo:I thought about that too he cant operate a Hedge Fund without licence for so long |
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