A Plymouth teenager has revealed how he made £21.2m in less than 12 months on the financial markets – but still shops at Lidl.
Sam Cook, 18, started with a £2,000 loan from
his father, Peter, last February. An amazing run of fortune saw him
make £6m in one day last summer, trading across currency, stock and
commodities markets on V8Options
trading platform. Sam has dyslexia and struggled at school, leaving
Kelly College, Tavistock, with two GCSEs. He splashed £170,000 on a
Ferrari and a £12,000 watch but says he is ‘tight’ with money. Sam says
he has no plans to quit while he is ahead.
“I want to have £2billion by the time I am
50,” he said. Sam, in his dad’s jumper, wearing a pair of charity shop
trousers and sipping a glass of water in a city cafe, made his latest
wins last week gambling on currency. He gambled on the Euro dropping
against the US Dollar, and won. Then he gambled on the European currency
recovering – and won again. Ker-ching: another £1.5m in the till in a
matter of days. Despite his casual appearance today, Sam has splashed
some cash. He had a holiday in Barbados, and bought luxury watches and a
bright red Ferrari F430 Scuderia. “It’s worth £170,000 – but I paid
£135,000.”
That sums him up: he clearly has a gift for
making money; he also has an eye for a bargain. His shop of choice is a
budget supermarket. “I like a nice hotel and fine dining – you get your
money’s worth out of that – but I’m not into designer clothes and I
don’t waste money. I don’t believe in paying more than you need to. I
shop at Lidl.”
One amazing day in July 2014 Sam had been
watching the growing volatility across the markets due to the sanctions
against Russian over political interference in Ukraine. “I did 29
different trades, some that certain prices would rise, others on prices
to fall. I was lying on the beach at Crantock and my phone was bleeping.
Every trade was going the right way. It did not feel real. I felt there
must be something wrong. The family promptly left the beach so Sam
could go on to his computer at home. It was all right. I’d made £6
million. I felt a bit sick. I could not believe it.”
Sam is careful about making friends since he
got his fortune. He and girlfriend Evelyn Simpson, 25, got to know each
other before he revealed his secret. “I wanted to make sure she was not
there for the money,” he admits.
“The more money you have, the more you can
make. If you make five per cent on £23,000, what’s that? £1,150. If you
make five per cent on £6m that’s £300,000.”
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