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Black Investors Are The Biggest New Group of Stocks Buyers

Black Investors Are The Biggest New Group of Stocks Buyers

FromEarn Your Leisure


Black Investors Are The Biggest New Group of Stocks Buyers

FromEarn Your Leisure

ratings:
Length:
9 minutes
Released:
Feb 7, 2024
Format:
Podcast episode

Description

In this video, Rashad Bilal, Troy Millings, and Ian Dunlap discuss the findings of a survey conducted by Ariel Capital and Charles Schwab, revealing an encouraging trend in the world of investing. Ariel Capital, the largest black-owned mutual fund company in the world, collaborated with Charles Schwab to unveil insights about the growing participation of young black Americans in the stock market.According to the survey, young black Americans are the fastest-growing demographic in terms of stock market investors. The percentage of young black Americans actively investing has risen from 33% in 2016 to 40% in 2023. Furthermore, the data indicates that 68% of African Americans under the age of 40 are actively investing, surpassing their younger white counterparts at 57%.The Market Mondays hosts express their pride in having played a part in this positive shift by providing information, insights, and encouragement to individuals looking to venture into the stock market. They emphasize the importance of highlighting positive news within the community, especially amid concerns about black wealth and income statistics. The hosts congratulate and encourage those who have opened brokerage accounts and started investing, emphasizing the significance of taking the first step, regardless of the amount being invested.The conversation delves into the impact of consistent content creation and the commitment to providing valuable information every Monday. Ian Dunlap expresses gratitude towards the audience for their investment and faith, while Troy Millings highlights the power of information and the need for sustained engagement in investment activities. The hosts also touch upon the significance of sustaining and actively participating in investment endeavors, stressing the importance of continuous education and self-research in the world of investing.While discussing the findings, the hosts urge investors to be strategic in their approach, emphasizing the significance of investing in top-tier companies, index funds, and ETFs, particularly during a time when the stock market is reaching all-time highs. They caution against investment decisions solely based on the potential for quick gains and stress the importance of following sound investment principles for long-term success.The video also touches upon the need for sustained improvement in the numbers and demographic changes in the society, with investing being a crucial avenue for driving positive change. The hosts acknowledge the impact of disruptive conversations and positive changes in culture, signaling a shift in the financial landscape for the better.Join the Market Mondays team as they analyze the survey findings and share valuable insights into investing, the power of sustained engagement, and the transformative potential of investing in top-tier companies and index funds. Stay tuned for actionable advice and discussion on how to navigate the evolving landscape of investment opportunities.#MarketMondays #BlackInvestors #StockMarket #InvestingCommunity #FinancialEmpowerment #WealthBuilding #ArielCapital #CharlesSchwab #InvestmentTrends #StockMarketTrends #InvestmentEducationOur Sponsors:* Check out Kajabi and use my code EARN for a great deal: https://kajabi.com/ Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Released:
Feb 7, 2024
Format:
Podcast episode

Titles in the series (100)

Welcome to The Earn Your Leisure Podcast. Rashad Bilal and Troy Millings will be your host. Earn Your Leisure will be giving you behind the scenes financial views into the entertainment and sports industries as well as highlighting back stories of entrepreneurs. We will also be breaking down business models and examining the latest trends in finance. Earn Your Leisure is a college business class mixed with pop culture. We blend the two together for a unique and exciting look into the world of business. Let’s go!! #earnyourleisurepodcast Support this podcast: https://anchor.fm/earnyourleisure/support