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

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You're 100% wrong. Fidelity has mutual funds that you can start off at 50.00 every month or bi-weekly. There is a 2500k minimum buy in upfront but they allow you to start at a minimum investment. What's wrong with that? You can even start an account with Wealthfront. For 500.00 You don't need 10k to start investing, most folks don't have that kind of bread. What you are saying makes sense, but MOST folk can't afford that. Also if you are taking your money to a TRADER instead of opening a brokerage account and learning to invest yourself (you mentioned eTrade FEES but TRADERS/BROKERS charge fees out the ass) you are a fukking idiot. Makes zero sense when through Fidelity you can buy and sell stock for 7.95 all day long. It doesn't take a whiz to know that. There are various investment vehicles that you can get into where you don't have to have a shyt load of bread. I'm saying that because everyone's income is different. Everyone has to have options to invest.

Fidelity gets you 4% YoY gains absolute max. Good luck with that breh
 

Sunalmighty

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Fidelity gets you 4% YoY gains absolute max. Good luck with that breh
Which fund?
Look at the Admiral Class Total Stock Market Index Fund offered by Vanguard and the Total Stock Market Advantage Class shares offered by Fidelity. Minimum 10k buy in because the fees are cheaper. Vanguard has a strong rep with index and mutual funds. They are exactly the same in regards to return. We discussed this in Bobleheads. There are THOUSANDS of funds so which funds are you referring to? I can go to Morningstar and check out the fund fam.
 
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Which fund?
Look at the Admiral Class Total Stock Market Index Fund offered by Vanguard and the Total Stock Market Advantage Class shares offered by Fidelity. Minimum 10k buy in because the fees are cheaper. Vanguard has a strong rep with index and mutual funds. They are exactly the same in regards to return. We discussed this in Bobleheads. There are THOUSANDS of funds so which funds are you referring to? I can go to Morningstar and check out the fund fam.

It doesn't matter because none of the funds which have the best ROI will be accessible to broke employees working for Target/Walmart/Kentucky Fried Biscuits or these other companies paying nikkas bare minimum wage.

Vanguard is a name known by CACs who at least have 100k household income. As a people our average household income for 2 working adults is 45k. I understand that you are trying to empower brethren but these people are not even gonna deal with somebody bringing in less than 50k a year. My man in the OP is making fukking poverty wages 16k a year. What kind of change is this nikka putting away that won't make a Vanguard asset rep pee his pants from laughter up in that ivory tower? I work for Fortune 500s I know how these CACs operate
 

Danie84

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If you were never taught something, how are you expected to adapt to it, tho:jbhmm:

...mi madre worked at Chase Bank for 3 decades and that's howI learned bonds&savings:lupe:

Ovastand this about the Stock Market:Big Bank takes Little Bank and anything goes:huhldup:
 

DrBanneker

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Disclaimer, I didn't listen to the vid.

I'm surprised a former finance professor isn't warning black people to steer clear of a corrupt market that's run by dark pools of money and their algorithmic computer programs designed by clever mathematicians.

The Securities and Exchange Commission was gutted by George W. Bush and defunded by Congress, and between him and his White House successor there haven't been any high profile prosecutions.


Robots have been running the US stock market, and the government ...
qz.com/.../robots-have-been-running-the-us-stock-market-and-the-government-is-fina...
Mar 25, 2015 - High-speed frequency traders, which use computer



Fund using freelance programmers beats US stock market
Robin Wigglesworth, US markets editor

Fund using freelance programmers beats US stock market - FT.com

9fa65511-62be-42fb-ae6f-35afec93fe8f.img



A “crowdsourced” hedge fund that uses the trading algorithms of a handful of freelance programmers notched up a 1.93 per cent gain net of its theoretical fees in its first full quarter of trading — beating the US stock market.


Why Isn't Wall Street in Jail?

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THIS

The majority of the US equity, FX, and treasury market trading volume is by high frequency algos. If you invest in anything, do index funds which rise (and fall) with the market. Do not fall for active management bullshyt claiming that can deliver superior returns. A zillion studies shows this does not happen long term.

Personally, I am mostly out of the stock market right now. It is so right for a large correction with everything going on in the world right now.
 

Scientific Playa

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THIS

The majority of the US equity, FX, and treasury market trading volume is by high frequency algos. If you invest in anything, do index funds which rise (and fall) with the market. Do not fall for active management bullshyt claiming that can deliver superior returns. A zillion studies shows this does not happen long term. <----true talk!

Personally, I am mostly out of the stock market right now. It is so right for a large correction with everything going on in the world right now.

i only own two stocks right now. an old blue chip in a drip account and a nice yielding REIT in my discount broker account. and i have two index bond funds with vanguard.

i used to be a pretty good amateur investor until until the algo machines took over.
read everything by ben graham, warren buffett and other successful gurus, and used to subscribe to all the heavyweight financial papers and magazines.
 

Scientific Playa

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The Rise Of The Meta-Criminal; Is The NSA Manipulating The Stock Market?
TOPICS:Jon Rappoport NSAStock Market

MAY 24, 2016



By Jon Rappoport

Trevor Timm of the Electronic Freedom Frontier dug up a very interesting nugget. It was embedded in the heralded December 2013 White House task force report on spying and snooping.

Under Recommendations, #31, section 2, he found this:

“Governments should not use their offensive cyber capabilities to change the amounts held in financial accounts or otherwise manipulate financial systems.”

Timm quite rightly wondered: why were these warnings in the report?

Were the authors just anticipating a possible crime? Or were they reflecting the fact that the NSA had already been engaging in the crime?


If this was just a bit of anticipation, why leave it naked in the report? Why not say there was no current evidence the NSA had been manipulating financial systems?

Those systems would, of course, include the stock market, and all trading markets around the world.

Well, there is definite evidence of other NSA financial snooping. From Spiegel Online, “‘Follow the Money’: NSA Spies on International Payments,”9/15/13:

“The National Security Agency (NSA) widely monitors international payments, banking and credit card transactions, according to documents seen by SPIEGEL.”

“The NSA’s Tracfin data bank also contained data from the Brussels-based Society for Worldwide Interbank Financial Telecommunication (SWIFT), a network used by thousands of banks to send transaction information securely…the NSA spied on the organization on several levels, involving, among others, the [NSA] agency’s ‘tailored access operations’ division…”

The NSA’s “tailored access operations” division uses roughly 1000 hackers and analysts in its spying efforts.

The next step in all this spying would naturally involve penetrating trading markets and, using the deep data obtained, manipulate the markets to the advantage of the NSA and preferred clients.

The amount of money siphoned off in such an ongoing operation would be enormous.

“Looking over the shoulder” of Wall St. insiders would be child’s play for NSA.

Ditto for predicting political events that would temporarily drive markets down and provide golden opportunities for highly profitable short selling.

Like drug traffickers and other mobsters, the NSA could invest their ill-gotten gains in legitimate enterprises and reap additional rewards.

And if the Pentagon, under which the NSA is organized, requires heavy amounts of money for off-the-books black budget ops, what better place to go than their own NSA?

All in all, when you operate the biggest spying and data-gathering operation in the world, the opportunities abound. Yes, knowledge is power, when the distinctions between legal and illegal are brushed off like a few gnats on a summer day.

The Surveillance State has created an apparatus whose implications are staggering. It’s a different world now. And sometimes it takes a writer of fiction to flesh out the larger landscape.

Brad Thor’s novel, Black List, posits the existence of a monster corporation, ATS, which stands alongside the NSA in collecting information on every move we make. ATS’ intelligence-gathering capability is unmatched anywhere in the world.

On pages 117-118 of Black List, Thor makes a stunning inference that, on reflection, is as obvious as the fingers on your hand:

“For years ATS had been using its technological superiority to conduct massive insider trading. Since the early 1980s, the company had spied on anyone and everyone in the financial world. They listened in on phone calls, intercepted faxes, and evolved right along with the technology, hacking internal computer networks and e-mail accounts. They created mountains of ‘black dollars’ for themselves, which they washed through various programs they were running under secret contract, far from the prying eyes of financial regulators.

“Those black dollars were invested into hard assets around the world, as well as in the stock market, through sham, offshore corporations. They also funneled the money into reams of promising R&D projects, which eventually would be turned around and sold to the Pentagon or the CIA.

“In short, ATS had created its own license to print money and had assured itself a place beyond examination or reproach.”

In real life, with the NSA heading up the show, the outcome would be the same.

It would be as Thor describes it.

We think about total surveillance as being directed at private citizens, but the capability has unlimited payoffs when it targets financial markets and the people who have intimate knowledge of them.

“Total security awareness” programs of surveillance are ideal spying ops in the financial arena, designed to suck up millions of bits of inside information, then utilizing them to make investments and suck up billions (trillions?) of dollars.

It gives new meaning to “the rich get richer.”

Taking the overall scheme to another level, consider this: those same heavy hitters who have unfettered access to financial information can also choose, at opportune moments, to expose certain scandals and crimes (not their own, of course).

In this way, they can, at their whim, cripple governments, banks, and corporations. They can cripple investment houses, insurance companies, and hedge funds. Or, alternatively, they can merely blackmail these organizations.

We think we know how scandals are exposed by the press, but actually we don’t. Tips are given to people who give them to other people. Usually, the first clue that starts the ball rolling comes from a source who remains in the shadows.

We are talking about the creation and managing of realities on all sides, including the choice of when and where and how to provide a glimpse of a crime or scandal.

The information matrix can be tapped into and plumbed, and it can also be used to dispense choice clusters of data that end up constituting the media reality of painted pictures which, every day, show billions of people “what’s news.”

It’s likely that the probe Ron Paul was once pushing—audit the Federal Reserve—has already been done by those who control unlimited global surveillance. They already know far more than any Congressional investigation will uncover. If they know the deepest truths, they can use them to blackmail, manipulate, and control the Fed itself.

In this global-surveillance world, we need to ask new questions and think along different lines now.

How to Disappear Off the Grid Completely (Ad)
For example, how long before the mortgage-derivative crisis hit did the Masters of Surveillance know, from spying on bank records, that insupportable debt was accumulating at a lethal pace? What did they do with that information?

When did they know that at least a trillion dollars was missing from Pentagon accounting books, as Donald Rumsfeld eventually admitted on September 10, 2001, and what did they do with that information?

When did they know the details of the Libor rate-fixing scandal? Press reports indicate that Barclays was trying to rig interest rates as early as January 2005.

Have they tracked, in detail, the men responsible for recruiting hired mercenaries and terrorists, who eventually wound up in Syria pretending to be an authentic rebel force?

Have they collected detailed accounts of the most private plans of Bilderberg, CFR, and Trilateral Commission leaders?

For global surveillance kings, what we think of as the future is, in many respects the present and the past.

It’s a new world. These overseers of universal information-detection can enter and probe the most secret caches of data, collect, collate, cross reference, and assemble them into vital bottom-lines. By comparison, an operation like WikiLeaks is an old Model-T Ford.

Previously, we thought we needed to look over the shoulders of the men who were committing major crimes out of public view. But now, if we want to be up to date, we also have to factor in the men who are spying on those criminals, who are gathering up those secrets and using them to commit their own brand of meta-crime.

And in the financial arena, that means we think of Goldman Sachs and JP Morgan as perpetrators, yes, but we also think about the men who already know everything about GS and Morgan, and are using this knowledge to steal sums that might make GS and Morgan blush with envy.

No, we’re not in Kansas anymore. But wherever we’ve gone to, the NSA is already there, and they’ve been tapping in, taking out, and using untold bits of data to stage and profit from events of yesterday, today, and tomorrow.

Time, in that sense, has ballooned, expanded, turned inside out, exploded, and laid itself flat on a table, for close inspection by the eyes of Surveillance Central.

Understanding this, we need to analyze what is happening in the world with a new dimension of criminal reality-maker in mind.

The meta-criminal.

Illustration: Michael Mucci. Source

(To read about Jon’s mega-collection, Power Outside The Matrix, click here.)

The author of three explosive collections, THE MATRIX REVEALED, EXIT FROM THE MATRIX, and POWER OUTSIDE THE MATRIX, Jon was a candidate for a US Congressional seat in the 29th District of California. He maintains a consulting practice for private clients, the purpose of which is the expansion of personal creative power. Nominated for a Pulitzer Prize, he has worked as an investigative reporter for 30 years, writing articles on politics, medicine, and health for CBS Healthwatch, LA Weekly, Spin Magazine, Stern, and other newspapers and magazines in the US and Europe. Jon has delivered lectures and seminars on global politics, health, logic, and creative power to audiences around the world. You can sign up for his free emails at NoMoreFakeNews.com orOutsideTheRealityMachine.
 

ViShawn

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Risk.

Many blacks are comfortable with safe . One guy in Higher Learning mentioned the resistance he was getting from black engineers to start their own thing.

Can't blame them. My parents have some stocks. I'd consider us upper middle class but they could do more aggressive investing IMO.
 

NERO

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I own some apple, facebook and some shares in other corporations I won't promote here. Some of us do own stock but I get what Dr. Watkins is going for here and appreciate his hustle.
 

GunRanger

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only buy individual stocks when you want to have some fun, and try to make money. The majority should be in safe vehicles like etfs/index funds



Betterment is a god send. Join it. Only 10 dollars to open a roth ira. I can refer you for a month free :youngsabo:
 
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