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    Building Black Wealth

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    by , 07-20-2010 at 12:49 PM (5707 Views)

    0 Not allowed! Not allowed!
    Financial Independence is a must if Brothas & Sistahs want to be truly free instead of begging the System of Exploitation for a handout. This is NOT a How-to Guide about investing but hopefully the motivation to inspiring us to secure another valuable element in controlling our own destiny.

    You ever wonder why you see so many "We Buy Gold" commercials? As of today, July 20,2010, an OUNCE of GOLD sells for $1,184! When the stock market is down investors run to Gold as a safe haven.

    Each month certain financial reports are made on the US Economy, such as, GDP, New Home Sales, Unemployement, Consumer Price Index, Producer Price Index, Retail Sales. These indicators more often dictates which way the economy / stock market will go. Housing is a very important indicator:

    Why Investors Care
    Two words...Ripple Effect. This narrow piece of data has a powerful multiplier effect through the economy, and therefore across the markets and your investments. By tracking economic data such as housing starts, investors can gain specific investment ideas as well as broad guidance for managing a portfolio.

    Home builders usually don't start a house unless they are fairly confident it will sell upon or before its completion. Changes in the rate of housing starts tell us a lot about demand for homes and the outlook for the construction industry. Furthermore, each time a new home is started, construction employment rises, and income will be pumped back into the economy. Once the home is sold, it generates revenues for the home builder and a myriad of consumption opportunities for the buyer. Refrigerators, washers and dryers, furniture, and landscaping are just a few things new home buyers might spend money on, so the economic "ripple effect" can be substantial especially when you think of it in terms of more than a hundred thousand new households around the country doing this every month.

    If you have a 401k account, read the fine print, you should be able to choose how you want your money invested instead of letting it sit in a money market account for a company drawing minimum interest. Whatever gains you make with your 401k account are tax free, as long as you do not with draw the money.

    Buy stock in companies you often shop at Wal Mart, Mc Donalds, Office Depot etc. I know women love Coach purses so at one point I had shares in Coach. Keep in mind, when somebody is loosing money there is another person putting that same money in his her pocket.

    You do not have to watch your stocks everyday. There is something called a Stop-Loss in stocks. If a stock falls to a certain level, your Stop-Loss will activate and sell your shares. Citigroup sells for $4.00 right now. If I put in a Stop-Loss at $3.85,this means if the price drops to $3.85, sell my shares and give me my money back!!!

    Furthermore, learn to play the Foreign Currencies. The Euro moves in the opposite direction of the US Dollar. If the dollar is down then the Euro is up!

    What ever you loose in investing is a tax right-off. You right up to $3,000 in one tax year, the rest will be applied to the next year.

    Stop falling for the tricks Amerikkka has told you like telling you to work until 62 and at retirement you will be rewarded with crumbs to live off on and probably be denied for disability when you really need it. Also, that your credit score means nothing if you have cash! Tell a car sales man you have $10k to put down on a car or a bank you have $30k to put down on a home, do you think they will turn you away. I do not know everything but I hope this get's you thinking. Everything you want to know is in a book! UHURU!!

    Nfant De Milieu

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