Young Black investors are taking initiative in the stock market.

Tiffany James is ensuring financial literacy will be accessible to Black women. As AfroTech previously told you, the 27-year-old is the founder of Modern Blk Girl (MBG). The digital platform was created to ensure minority women have a safe space to be themselves and learn about the stock market. For James creating MBG stemmed from her Caribbean upbringing in which financial literacy was nonexistent. It was not until the age of 21 that James became more conscious of how stocks could transform her ways of living. In fact, after investing in various stocks including Tesla she turned $10,000 into two million within three years. “If I had the knowledge I have now about financial literacy when I was younger, a lot of things could have been different for me. One experience that I went through is not having money for simple things like high school prom, senior trip, and a cap and gown but if I knew I could invest in Apple my junior or senior year I would have been fine,” James told...

As countries begin to vaccinate their populations, businesses will begin to reopen. With those re-openings, and the jobs that will be restored in their wake, the economy will gradually begin to make up lost ground. As workers are rehired and incomes begin to grow, so too will consumer confidence. And both mass vaccinations and rising consumer confidence will also allow us to begin to venture out again and be social once again, which ill provided ballast to the ailing hospitality, outdoor recreation, travel, and restaurant sectors. Some businesses are better positioned to take advantage of these expected developments than others. If you’re looking to invest in stocks sure to surge when the economy reopens, look no further than these five stocks. Expedia The biggest company in travel-related search and bookings, Expedia’s stock should grow nicely as consumers begin to travel more frequently. The company owns large players in the online booking space like Orbitz, Travelocity, and...

New year. New resolutions. New winning habits. If it hasn’t been on your list, investing some of your money in the stock market should be. People all over the country are making real money in the stock market every day, and you can too. Maybe you’re skeptical, having heard horror stories from others about large losses. Or maybe you think you need to know a lot or spend time or money you don’t have to be a successful investor.  Don’t let these thoughts and feelings stop you. Here are three things to think about as you consider buying your first share. Risk and Reward Few investment options rival the stock market. Some people, wary about its risks, park their money in savings accounts or investment properties. However, over time, the stock market has returned approximately 7% (post-inflation) each year since 1940. Compare that to a 1.5% post-inflation return for real estate. You can earn more than that by parking your money in certain savings accounts, and without the headaches of...

According to the Selig Center for Economic Growth , the Black buying power was $1.4 trillion in 2019. However, that figure doesn’t translate into dollars that are put back or stay circulating continuously within Black communities versus others–causing a true generational economic crisis. But many are finding more ways to teach Black people financial literacy, investing, and for Tiffany James , her prized bull is the stock market and helping Black girls and women get their generational coins up. The global stock market is $85 trillion , which the United States market represents 40% of the overall figure. Unfortunately, the Federal Reserve reported that only 33.5% of Black households, hold any stocks versus white households which are at 61%. However, ModernBlkGirl was created to be a catalyst in shrinking the wealth gap by teaching stock market literacy–disproving that it was made for white men in wrinkly suits. James sat down with AfroTech to explain why now is the best time to learn...

It’s never too early to learn the trades of the stock market, and this teen expert is living proof. Christon “The Truth” Jones — a 13-year-old investor and stock market prodigy — is a model example of what it means to invest in your future. He recently amassed $18,000 in just three days teaching adults how to get involved in stocks. View this post on Instagram A post shared by The Truth Jones (@thetruth2024) He was able to reach this goal after 36 people signed up for his online course on how to invest in the stock market, according to Black Business. His original goal was to teach 200 people and earn a profit of $100,000 total, but he was still satisfied with the rewarding outcome. “It was not even half, but it was still something,” said Jones, as reported by Black Business . “My mother encourages me to never limit myself so I am proud I made an effort. I’m disappointed the ads were rejected but I’m grateful I didn’t give up and utilized the resources I had.” Jones, according to...

One of the most time tested methods of building and growing wealth is with stock investments. When we invest in a stock, we are buying a piece of a company, the value of which rises and falls with market demand. While stock market returns can vary greatly from year-to-year, stock market returns have averaged 10 percent a year over the long-term. And when we add to our initial investment by buying more stocks over time, the returns can truly be substantial. Buying stock starts with: Educating yourself Identifying your goals Researching your options Selecting a brokerage Educate Yourself Stock market investing is not as simple as buying a banking product, like a certificate of deposit. A banking product typically provides a guaranteed return if you buy it and hold it for a certain period of time. However, when you buy a stock for a period, there’s no guarantee that its value will have increased. In fact, you may lose some — or even, in extreme cases, all of your money. It’s therefore,...

Actress Kiersey Clemons will star in a new indie film about the life of New York Stock Exchange trader Lauren Simmons—the youngest woman and the second Black female employee to trade full-time on the floor. AGC Studios —an indie studio that launched last year—acquired the rights to Simmons’ life story, according to Variety. The 23-year-old Wall Street trader moved to New York after graduating from Kennesaw State University with a degree in genetics and a minor in statistics in 2016. The equity trader applied to a job opening posted on LinkedIn for a position at Rosenblatt Securities. Her employment was dependent on her passing the Series 19 exam, which she passed with no training or background in the financial industry. “When I tell people what my job is they are always surprised,” Simmons told CNBC Make It . “It’s surreal.” Clemons will also assist in producing the film alongside Eddie Galan and Starr Andreeff with Greg Shapiro, Stuart Ford and Glendon Palmer as executive producers.