The economic clout of African Americans is said to be well over 400 billion dollars. On average, we spend more money on consumer goods than other Americans do. We can t afford not to be. Though no one knows when this round of economic expansion will be over -it s pretty clear that the market has out performed any investment vehicle known to man or woman including real estate and certainly insurance. The stock market, by its very nature, stacks the deck in your favor.
Public companies exist to make their direct shareholders money.
The public owns them. They perform for the public. They are successful in large part because of the public's investment in their business. By the time most Americans reach age sixty-five, they re either broke or dead. For African Americans this statement is especially true.