Wealthiest 10% own 89% of all stock in America
- Thread starter Kwéyòl
- Start date
I wish I knew more about investing when I was younger....
As a black man and I could be wrong but I feel like I didn't learn anything about investing, hell anything about finances really until I was older...like, there wasn't an opportunity to learn early on
I plan to teach my kids about investing, credit, and other financial tools so they are way better prepared than I was.
As a black man and I could be wrong but I feel like I didn't learn anything about investing, hell anything about finances really until I was older...like, there wasn't an opportunity to learn early on
I plan to teach my kids about investing, credit, and other financial tools so they are way better prepared than I was.
I didn’t learn until I was in my early 30s and I was self taught. shyt is beyond fukked up breh
Chrishaune
Veteran
By design. Now the people that made the most money in the market have moved on to other things and everybody else is still trying to get up to speed on the market.
When they give everybody easy access to it, you know they have flipped it into a money making operation for themselves.
Chrishaune
Veteran
This is why I advocate for black folks to get into crypto while it's young...
They are about to do everything to regulate that and control it. They are already talking about putting out digital currency connected to our paper money now. Bank of Jamaica is already doing it. El Salvador just made bitcoin one of their main currencies. In a few years crypto won't be the same, it'll just be a part of their control of the people.
ORDER_66
I dont care anymore 2026
I know, but we gotta strike while the iron is hot right now...
Crypto is just been added officially to the stock market that's good news... but I get what your saying once govt gets involved it wont be the same again... that's why need to move on this now. But I guess black folks would rather stay broke and have no aspirations for the future...
Chrishaune
Veteran
I know, but we gotta strike while the iron is hot right now...
But I guess black folks would rather stay broke and have no aspirations for the future...
I'm in there with you breh. I'm just talking about the reality of it. Now is the time to get in for gains, but it will be manipulated just like anything else.
What percent don't give a s*** about playing the stock market.
What percent are waiting on someone else to carry them to a million dollars instead of doing a little bit of readily available research on their cell phone.
Pocket watchers
What percent are waiting on someone else to carry them to a million dollars instead of doing a little bit of readily available research on their cell phone.
Pocket watchers
Crazy stat right there. I knew it was high but not that high
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desjardins
Veteran
One of the reasons I believe the market will never completely crash or stall out
Rich people view Bear markets like a buying opportunity
September was rough for my portfolio and it's already back like it never left
Rich people view Bear markets like a buying opportunity
September was rough for my portfolio and it's already back like it never left
ImLionyall
Workin on dat Roar
The market is performing the way it was/is designed.
Honestly, I think it starts in schools. I did black school districts all the way from k-10 in ATL. But moved into a white one in 11th-12th grade. I can tell you the difference in financial consciousness within the student bodies was stark. Legit not a single word was said about stocks, bonds, retirement,or business plans in the black district. The only financial move discussed was college.
But Only 2months into take classes in the white district, they were already discussing s-corps, mutual funds, and 10-point business plans. Hell the white districts made it mandatory for you to take at least on financial literacy course, but that course usually led students to take more classes by initiative. Beyond this, the white district had actually biz people leading the courses, who offered mentorship+referrals beyond the coursework.
So, With these differences in black+white education, It didnt take a leap of imagination to see which type of school district would be accumulating wealth through investments in 20 or so years.