Successful Investor and Avid Educator, The Story of Simon Lerner

Learning how to trade stocks effectively is a hard task. For Simon Lerner, it took about 18 months to get to a consistent point where his winnings were larger than his losings. Now, he has made multiple seven figures by trading on the stock market. However, before all his success, he was on the path to becoming an engineer. While attending college, he found his engineering classes to be less than interesting. So, he switched his major to Business.

In the side, he was listening to business podcasts, learning how to trade in the stock market, and experimenting with various side hustles. He soon realized that he was learning more on his own and from the podcasts that he was listening to, than from his college classes.

After having a conversation with his economics professor, he decided to drop out of college. The conversation was about stocks. Simon had asked his professor for investing advice only to find that his professor doesn’t invest in stocks because his wife thinks it is a form of gambling. Simon realized that he was learning from someone without experience in the stock market, who has never started a business before, and who only makes $50,000 a year.

So, he dropped out of college, but he still decided to pursue an education—the unconventional way. He spent his money on tutors, books, events, seminars, and anything else that he found to be helpful. As he learned more and more, he applied what he learned to the stock market. Unfortunately, he lost around $15,000 in the stock market. But, as any entrepreneur knows, failure is a necessary step to success. After about 18 months of work, Simon had gotten to the point where his investing and trading began to be profitable.

He soon made over 7 figures in the stock market and decided to start a business—NetCon—to teach others how to do the same. NetCon brings in world-class speakers to share their business expertise at in-person events. NetCon also runs an online trading community where they provide educational resources for those aspiring to learn how to trade the stock market.

Unlike other trading communities, Simon realized the many problems in just having people copy the trades of another. So, instead, NetCon follows the old adage: “Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime.” In other words, NetCon teaches its trading community how to trade, not what to trade. As a result, users gain valuable skills that can help them become financially independent.

Over the next few years, Simon hopes to continue educating others on the topics of stocks, real estate, and everything surrounding financial literacy. The end goal being to “help people reduce their learning curve.” One of the more important points we can learn from Simon Lerner’s journey is that it is important to only take advice from people who already have, or have already achieved what you desire to accomplish.

Simon explains: “If you went to the gym, would you take advice from a person who is 300lb overweight on how to get a six-pack? No. In theory, the person may know what needs to be done to obtain a six-pack, but he has never had one. He is not a practitioner and therefore I would not take advice from him. The same applies to other areas of life—business, relationships, etc.”