Feature Friday: Senior Arthik Patel plays the stock market
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Senior Arthik Patel has a consistent response for anyone who asks him why he’s so invested in stocks (pun unintended).
“Not having to work at Jimmy John’s.”
Patel’s interest in the stock market is more than a vendetta against the sandwich maker; he’s been working the market for three years now, and though he tries to pass it off as merely an alternative to a job in the food service industry, Patel’s skill with handling the market betrays uncommon skill. He gladly doles out advice on the market when asked and cites the ease of trading in the modern technological age.
Occasionally, there’s a chance of hearing about his app of choice, “Robinhood,” which allows traders to purchase stocks without commission (essentially a fee to the stockbroker) and has no account minimum. It’s relative simplicity is fitting for Patel, who sees the stock market as a secondary pursuit in his life; he intends to study accounting and finance when he graduates, though he notes he intends to stay involved in investment through the real estate market.
Nonetheless, Patel boasts an impressive portfolio for a high school senior; beyond simple day trading, Patel has sunk what he characterized as “his life savings” into Amazon’s stock, which he anticipates will reach $1000 a share within three months.
Its a risky move even for someone with a high schooler’s banking account. But Patel has a counter to any naysayers; “There’s no better skills than [from] on hand experience.”
And as for the money to be made out of it? Patel won’t give any numbers, but said this; “I make more doing stocks than at a fast food restaurant.”
Because, if nothing else, Arthik Patel does not want to work at Jimmy John’s.