Truth About that 20YO who Made $110M from BBBY Stock

I too was impressed with the viral story about the 20 year old college student who made $110M from the much buzzed about Bed Bath and Beyond which has been the center of a lot of news, including tragic news of its CFO’s suicide.

But then I read deeper

The Financial Times article is transparent about how a 20 year old student made $110M from the Bed Bath and Beyond stock by strategically purchasing stock earlier in the year at about $5 a pop to then sell in July when the stock was at its peak at $28.

It actually got me to refocus my energy on getting my children, nieces, nephews and other young people I mentor and guide to ascertain how they too can leverage the stock market as a vehicle for wealth building.

Then, not to begrudge the sophisticated and steady approach this young man took to investing, but when I learned the the backstory, I caught myself fighting the air!

This wasn’t a bootstrap and instant success stories as we’ve seen perpetrated in media articles that conveniently leave out the safety net and the very large loan from family and connections.