According to CNBC, half of Black and Hispanic U.S. adults don’t currently own individual stocks, mutual funds, bonds, exchange-traded funds, cryptocurrency or real estate. The reason? Most don’t know just how easy it is to get started.
Join Syd for S2 Ep13 Making Money Moves Part IV: Stocks, Crypto and Coins as she sits down with personal finance influencer, Kevin Matthews, who has come to the tea party to share all the tools and resources we need to start investing today.
Kevin Matthews is a best-selling author, former Top 100 financ...
According to CNBC, half of Black and Hispanic U.S. adults don’t currently own individual stocks, mutual funds, bonds, exchange-traded funds, cryptocurrency or real estate. The reason? Most don’t know just how easy it is to get started.
Join Syd for S2 Ep13 Making Money Moves Part IV: Stocks, Crypto and Coins as she sits down with personal finance influencer, Kevin Matthews, who has come to the tea party to share all the tools and resources we need to start investing today.
Kevin Matthews is a best-selling author, former Top 100 financial advisor (as named by Investopedia) and founder of Building Bread, a financial education consultancy designed to educate and advise both organizations and individuals on the basics of financial literacy, investing and retirement planning.
Want to connect with Kevin?
Website: www.buildingbread.com
Facebook: @BuildingBread
IG:@buildingbread
Buy Kevin’s Book: https://www.amazon.com/Starting-Point-Create-Wealth-Lasts/dp/0692236104
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SHOW NOTES
What is a stock?
A stock is a portion of ownership in a corporation. Once a company goes public, all ownership of the company will be represented by stock.
What is a penny stock?
Companies that have stocks that trade at $5.00 per share and below.
What is the stock market?
The stock market is a place where you can go to buy and sell stock.
What are the DOW and the S&P 500 and what is the difference between the two?
The DOW Jones is an index that tracks the health of the 30 largest public companies. The S&P 500 is also an index, but it tracks the health of the largest 500 public companies. They are only indexes. You cannot buy or sell stock with the DOW or the S&P 500. You can buy and sell stock using stocking exchanges. The two biggest exchanges are the New York Stock Exchange and the Nasdaq.
What is the difference between the Nasdaq and the New York Stock Exchange?
There isn’t much functional difference between the two. They are both stock exchanges but tech companies traditionally are listed on the Nasdaq and the New York Stock Exchange lists all other companies.
Is bitcoin a stock?
Bitcoin is not a stock; it is a form of currency or payment.
If bitcoin is not a stock, how can you invest in bitcoin?
The price/value of bitcoin fluctuates and because it goes up and down, people will exchange dollars into bitcoin with the hope that the value of bitcoin will increase to more than what you paid for it.
How do you pick a good stock?
Step 1 Know the History : Look at how well (i.e. has increased in value 7-10%) a company has performed within the last 6-12 months. You don’t want to invest in a company that hasn’t been performing well over a long period of time (6-12months)
Step 2 Do Your Research: Do some research on the company to determine how it makes money, how much money it’s making and whether the company’s money is growing. You can look at the public report the company provides on its website or check out the news section of a finance app or website to find information on a company. Some good finance websites to check out are CNBC or Yahoo Finance.
Step 3 Make a Decision: If the company has a solid performance history and your research shows that the company will likely continue to perform well, consider purchasing it. If the company hasn’t been performing well and/or your research suggests that it likely will continue to perform poorly, continue passing on that stock.
