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International Business Times UK
International Business Times UK
Stephanie Cruz

Stock Expert Reveals the 'Cheat Code' That Turned $35,000 Into $10 Million in Just 5 Years

Kevin Xu sold his GameStop stake a month before the 2021 short squeeze, costing him tens of millions. Now, he mostly keeps his money in index funds. (Credit: YT/ The Iced Coffee Hour)

Kevin Xu began trading in his retirement account in January 2020 with $35,000 (£26,000). Within two years the balance had passed $10M (£7.5M). It now stands at roughly $11.5M (£8.6M), most of it moved into index funds.

The former Google and Stripe engineer built a following on Reddit's WallStreetBets under the handle Sir Jack A Lot, posting every trade in full dollar amounts. He set out how he did it in a wide-ranging interview on The Iced Coffee Hour, the finance podcast hosted by Graham Stephan and Jack Selby.

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