Tuesday, November 10, 2020

Black Folks Should Create Their Own Stimulus Package

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Detroit, MI Highly motivated by a recent article published by ABC News entitled "Stocks are Soaring, and Most Black People Are Missing Out", Ernest Gains and Latoya Smith, expert investors and the founders of a Black-owned stock market and trading education company called The Profit Room, have decided to publish the following tips on why you should start investing.

1. Free market

The stock market doesn't care what color you are. All it knows is money. Your broker doesn't Google your address or ask about your family, it’s a free market.

2. Information age

As Blacks, we used to be left out of a lot of information because of our history. Our ancestors were shielded from financial products but now there are apps we can utilize to get the information we need. There’s no reason for us to be afraid of being turned down at a bank or financial firm. We can do everything online.

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Checkout This Essential Quarantine Reading

Without Being An Athlete, Entertainer, or Drug Dealer

Black wealth is only 10% of white wealth now. Do you know Black wealth is projected to have a median income of zero by 2053?

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Checkout My Exclusive Interview with Author Chuck Starks Click Here

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Discover how to own modern, innovative, and sustainable housing for home ownership or real estate investment.  Meet Jessica Lewis, founder of Mobu Enterprises, she is an award winning housing developer with over 40 years experience who is on a mission to help our community and families get on the road to wealth creation and building a better future.

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Be Encouraged And Inspired With...

 New Children’s Picture Book Honoring A Mother-Son Bond And Black Hair Pride 

See How Author Shellice Beharie pays tribute to the memory of her loving son in her debut picture book, "PRINCE AND HIS MOTHER’S CROWN: Tales Within my Mother’s Hair."

This read-aloud narrative communicates that in their early stages of childhood boys can find comfort and creativity in their mother’s tresses. Checkout this is very uplifting reading for our challenging times: Click Here. Or to order: Click Here

Find Out How Black Households Are Saving Lots Of Money Off Of Their Cable Bills By Streaming Their TV Channels With USAPrimeTV

USA streams 4,000+ live television channels such as BET, OWN, HGTV, CNN, ESPN, Pay Per View, Sports packages, African and Caribbean channels.

The Black-owned streaming service is available globally with reseller opportunities available.

To subscribe to the service or learn more about USA Prime TV, visit www.USAPrimeTV.com or call 888-401-1566.

Literature Scholar Khefa Nosakhere Weights In On Why We’re Dying From COVID-19 Due To Institutional Racism

Khefa Nosakhere has released his first non-fiction work entitled "Institutional Racism and the Search for African American Masculinity and Identity in Selected Works of Richard Wright." Why are Black people dying at such a disproportionate rate from the Corona virus? Generational poverty, poor access to good healthcare, and Institutional Racism. The book addresses how institutional racism and white male supremacy have intimately shaped the lives of:

Bigger Thomas (Native Son), 
Richard Wright (Black Boy) 
Fred Daniels (The Man Who Lived Underground).  For More Info Click Here

Article On The Profit Room Continues Below...

3. We can narrow the wealth gap

For many years we have missed out on investing in the stock market and that has widened the wealth gap of Blacks versus Whites. In the past, we had a lot of discriminatory practices that prevented us from creating generational wealth. Times have changed so we need to catch up!

4. Better jobs

We have better jobs now, many of which may offer retirement and financial services, giving us another advantage of being able to invest in the stock market. Contributing to a stock market investment plan throughout your career can set you up for success.

5. Diversification

Many in our community are drawn towards real estate investing and business ownership. Investing income in the stock market can be a financial vehicle where we can generate another 20-30% more return.

6. Children & legacy

If children see and watch how we get involved in investing now, they will make better financial decisions in the future and work to build generational wealth.

7. The cost

Today there are institutions that have products and services that allow you to start investing with $10 at a time and build your way up. A few years ago you needed a certain amount of capital that maybe we didn’t have or were afraid to invest.

8. Value of stocks vs Money sitting in the bank

Historically overtime money losses value. this is called inflation. every year the price of goods and services go up. costing you more money eroding the value of the dollar. historically over time the stock market has beat inflation.

9. Tax purposes

The government has several products that allow your investments and retirement accounts to legally grow tax-free.

10. Ownership

Our people love ownership. Taking advantage of the companies you love or products you use to buy becoming a stock owner is beneficial in the long run. Even though you may not be a major percentage owner, you still are an owner, and buying stock in that company should make you feel proud.

For more information, please visit StockMarketStimulus.com

To book The Profit Room for an interview, contact Xina Eiland at 703-785-4358 or xina@xinapr.com

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Posted by community events coordinator, Nzinga Lonstein Austin, is a prolific blogger who writes on the entertainment industry and issues for people with developmental and physical challenges.

She is presently in high school looking to have a career in video, film, and media. You can see more of her entertainment writing on Lonstein Movies.

About the Black News Scoop - covers national and global news focused on reporting positive, insightful, and empowering news for the international Black Community.

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