Here's What Every Black Person should Know about Bitcoin and Stock Investments.

Why the Gap?

The more I got into investing, the more I learned about long term investments, and compounded interest. Then I realize a.) there is money to be made that can be passed down to my children  b.) it’s not as hard as I thought it would be and finally c.) a lot of us are not aware of all the information that is out here. So in order for us to do for ourselves I want to start share what I believe is a beginners guide to understanding investing. Now remember there are different roads to the same destination. This is what I have learned and what I have done thus far. Below is a broad overview to get you started.
  1. Buying stocks is buying into that company, it’s important to buy into one that is already making a profit, or projected to make one.
  2. Investing in publicly traded stocks, such as Johnson & Johnson, Google and McDonald’s is a great way to raise wealth.
  3. A stock price is the stock quote. This is what you will pay per share. If IBM has a $4.00 stock price and you have a $ 100 budget you can buy 25 shares.  You now have 25 shares of IBM.
    $4 (share price) divided by $100 = 25 shares
    If IBM stock price increases to $12.00 dollars a share. Your 25 shares have now grown to $300 dollars. Congrats you just made $200 dollars profit.
    $12 (share price) x 25 shares = $300 dollars
  4. Penny stocks are a great way to put your toe in the investment pool. A penny stock is a stock that is priced under $ 5 dollars.
    For example, I brought a 300 shares at $.16 cents which came to $48 dollars. If the stock price reaches $35 dollars, I have now made $10,550 dollars. If the stock doesn’t do well, I will at the very most only wasted $48 dollars.
  5. Bitcoin although not a publicly traded stock as of yet ( meaning not sold on NYSE or NASDAQ)  can be purchased and researched on Coinbase, Gemini, and Bittrex,
  6. Be sure to consider, economic climate, recent profits, and customer base in picking a stock to buy.
  7. You can research a other traditional stocks, in one of these online platforms,  Bloomberg,  Yahoo Finance and NASDAQ .
  8. Once you are ready to buy stock, you can open an account with EtradeFidelity and Ally . Buyer beware any time that you buy a stock, in any of these platforms, a service charge will be attached. (For example, fidelity charges 4.95 a transaction.)
  9. If you purchase a stock, and then decide you no longer want it, you can sell the stock. However, the money returned will be what the stock is worth at the time of Sell not at the price that you purchased it. -I personally set price alerts, for price drops and increases. Text messaging in my opinion works best.
  10. Be informed, and make smart decisions based on your own financial background. There is no crystal ball. Word to the wise, you should only invest what you are willingly to lose.
Again this is what I have done, and this is not a total picture or the detail that is required to fully understand stock and Bitcoin investing. I wanted to create a foundation for the beginner, if you would like for me to go into detail, about Bitcoin, stocks, Compound interest and long term verses short term investing, Please comment below. I will be writing more detailed articles on investing however I would love to make it more reader focused and concentrate on the info that you guys request.      ]]>

11 comments
  1. Tenisha Edwards
    Tenisha Edwards
    January 10, 2018 at 8:44 am

    I would love for you to provide more info about investing because this is something that I just began researching and I am looking to create generational wealth.

    Reply
    • Tempestt Davis
      Tempestt Davis • Post Author •
      January 10, 2018 at 8:59 am

      I should be doing one that goes into more detail. What kinds of questions do you have ?? Ask as many as you want so I can be sure to include them in the next blog.

      Reply
      • Tenisha E
        Tenisha E
        January 12, 2018 at 6:18 am

        How to begin investing? What are some of the must-knows in order to be successful while investing? I want to learn more about crypto and bitcoin as well.

        Reply
        • Tempestt Davis
          Tempestt Davis • Post Author •
          January 12, 2018 at 10:01 am

          Thank you for the feedback, great questions.
          I will be sure to go into more detail, be sure to subscribe so you can get the alert.

          Reply
  2. John
    John
    January 10, 2018 at 9:15 am

    Sign me up please

    Reply
    • Tempestt Davis
      Tempestt Davis • Post Author •
      January 10, 2018 at 9:47 am

      Great make sure to subscribe to webuyblack to get the next blog. If you don’t already.

      Reply
  3. Tara
    Tara
    January 11, 2018 at 5:50 pm

    Sign me up as well!!!

    Reply
  4. Latasha
    Latasha
    January 12, 2018 at 7:11 am

    Yes, please. I’m very much interested in the information .

    Reply
    • Tempestt Davis
      Tempestt Davis • Post Author •
      January 12, 2018 at 10:00 am

      Great be sure to subscribe to get the next blog.

      Reply
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