Connor Bruggemann is a high school student who turned $10,000 into $300,000 by trading penny stocks. It all started when Connor put all of his savings into a stock called American Community Development Group Inc, which was valued at $.003 a share. Not long after, ACYD soared to 6 cents a share and Connor was now worth around $200,000. With his new found wealth, Connor bought himself a BMW and each of his parents Macbooks.
Connor now has his own investment website where he talks about what stocks he is currently invested in and also talks to people in his chatroom, this website costs $147 a month or $1200 for a year.
Connor plans to study Finance, Economics, and entrepreneurship in college. Connor is a great entrepreneur because he found a way to monopolize on the fact that he was previously successful in the stock market by making his investment website.
In the personal finance class in my high school there is a stock simulation that the class does, and the penny stocks (Connor’s initial investment) are always a popular venture. They can be high risk, but they also have the potential, obviously, to be high reward. I wonder if its more luck or strategy with these kind of penny stocks, or a bit of both.
I love that he has taken his skill, whether it is pure luck or smarts, and pivoted it to make money.
I agree that his initial venture seems to have been a bit lucky. It would be interesting to know what his parents thought when he put his entire savings into penny stocks.
Success is a fantastic platform to build financially or socially impacting ideas off of. I like that Connor plans to continue studying finance as he runs his website and gains followers.