Dr. Boyce Watkins on why AAs tend to avoid the stock market

[Arithmetic]

Being Black Externally and being Black Internally are two different things. I think this is why we keep feeling let down or shocked when dudes stay saying side ways stuff about anyone trying to help black people.

 

[AITheAnswerAI]

Stocks are not for the broke. It's like a video game for the super rich.

If you're waiting on 10-15 years you are gambling on something you cannot control which is time/mortality.

I'd much rather invest my money in inventory and flip it now at a much higher rate in my ecommerce stores. But that's just me.

Well if you listened to what he said, he used maybe $10 $20 or $50 a month and put it into a mutual funds account.

He said a misconception about the stock market is that you have to have a lot of money to gain from it.

I know a couple people who have made some money by investing relatively low amounts of money.

 

[GoPro]

Damn, what would you do different next time? What advice would you give to a young breh trynna get started in this stock game?




What advice would you give? Any bumps in your road or was it smooth all the way through?

And rep to the OP @Young Czar

- Don't invest heavily in volatile stocks/companies with low market caps. They're highly manipulated by hedge funds and HFT.

- Don't listen to others without doing your own research/due diligence.

- Only invest expendable savings, not money you plan on using on a house down payment.

- I'd wait until after this election to invest. Gotta see how the stock market reacts to a new president and new congress.

 

[Hiphoplives4eva]

Talk down on black people on a white dudes couch brehs.

Troll elsewhere fakkit

 

[jwonder]

Talk down on black people on a white dudes couch brehs.

Or suck a cac's dikk like you did in your kitchen fagot.

 

[ryderldb]

Talk to the bankers at your bank. Some mutual funds are INCREDIBLY low risk and will make more money than your savings account will.

Invest in a ROTH IRA if you have money to put away for a while

Look into starting a business (even small).

Make your money work for you breh! You earned it

One thing to be aware of on mutual funds is that most of the funds will have minimum investment amounts and management fees. For that reason I like investing in ETF's. Also, if you can, put your money into a traditional IRA as well as a Roth. The amount you put into a traditional is tax deductible up to $5,500.

 

[MajorVitaman]

- Don't invest heavily in volatile stocks/companies with low market caps. They're highly manipulated by hedge funds and HFT.

- Don't listen to others without doing your own research/due diligence.

- Only invest expendable savings, not money you plan on using on a house down payment.

- I'd wait until after this election to invest. Gotta see how the stock market reacts to a new president and new congress.

True true, I'll focus this summer-november (& January 20th) to increase my savings & doing more research in investment practices.

 

[-DMP-]

Lemme hold something breh

Im small time, im just starting out frfr. @BaldingSoHard got all the guap.

 

[Poitier]

Thats a good thing.

 

[Bawon Samedi]

Thats a good thing.

Explain.

 

[Ohene]

2:40 to 3:15 mark s the truth

 

[Poitier]

Explain.

Because its rigged, built on a bubble, long term investments are not worth it, and there are plenty of ways to invest capital that are better than playing markets.

 

[Bawon Samedi]

Because its rigged, built on a bubble, long term investments are not worth it, and there are plenty of ways to invest capital that are better than playing markets.

 

[Ohene]

good vlad interview for 1ce

 

[Diyhai]

his advice is terrible
he said mutual funds and didnt talk about index funds
I will never listen to any of his advice