It's an even worse grift than I expected. Run an ETF, take management fees, and then their smart "AI powered" management is to buy 98% Blackrock bonds? These people should really be called out for stealing from their own race's stupidity.
Let's be honest, the amount of blacks investing substantial money is very, very small. This is more of a grift on white liberals who want to invest in a black ran ETF so they can virtue signal to their other rich white friends. Most of the blacks I know fall for basic shit like payday loans, not ETF's. Like it says in the article, the average black family has less than $25k in equity and they rent apartments instead of owning homes.
"According to Tingba Muhammad of the Nation of Islam Research Organization (NOIRG) wasteful Black spending is rooted in slavery. Earlier this year, Minister Louis Farrakhan gave speech on the root of black spending behaviors and what black people need to do to correct some of these bad habits. According to the research 42 million Blacks have a spending power amounting to $1.1 trillion, which gives each man, woman, and child an annual spending power of $26,200 dollars. Black spend their money overwhelmingly with white businesses on the following products and services."
It's an even worse grift than I expected. Run an ETF, take management fees, and then their smart "AI powered" management is to buy 98% Blackrock bonds? These people should really be called out for stealing from their own race's stupidity.
Let's be honest, the amount of blacks investing substantial money is very, very small. This is more of a grift on white liberals who want to invest in a black ran ETF so they can virtue signal to their other rich white friends. Most of the blacks I know fall for basic shit like payday loans, not ETF's. Like it says in the article, the average black family has less than $25k in equity and they rent apartments instead of owning homes.
"According to Tingba Muhammad of the Nation of Islam Research Organization (NOIRG) wasteful Black spending is rooted in slavery. Earlier this year, Minister Louis Farrakhan gave speech on the root of black spending behaviors and what black people need to do to correct some of these bad habits. According to the research 42 million Blacks have a spending power amounting to $1.1 trillion, which gives each man, woman, and child an annual spending power of $26,200 dollars. Black spend their money overwhelmingly with white businesses on the following products and services."
tobacco $3.3 billion whiskey, wine, and beer $3 billion non-alcoholic $2.8 billion leisure time spending $3.1 billion toys, games, and pets $3.5 billion telephone services $18.6 billion gifts $10 billion charitable contributions $17.3 billion healthcare $23.6 billion
Everyone agrees: The only important color is green.