Big Facts Podcast (Money): Wall Street Trapper On Why He Believes The Black Community Shies Away From Investing & Stocks
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^^^^
Maybe because at one time the black community was a commodity on the auction block. 
Excellent drop.
This shit really hit home. Man, I swear my little one is around his daughter's age and just wanted more Roblox stock. She hits me up for Robux AND the stock. I'm about to show her that part.
On the real side, most Americans don't know shit about investing(classism he speaks of) so we know the problem is going to be deeper in the black community. For the most part, white America just works and does the 401k shit. Now that everyone has to get rekt with the bubble pop, a lot of people won't be coming back to investing until prices go up. Same shit over and over.
The black community has to survive the coming crash and bad times. Investing has to be cool when the sky seems to be falling, not when everyone is getting rich. That's part of the classism part he was talking about.
Racism is the nasty child of classism.
I think its because blacks always get the short end in any corporate environment. They get exploited by corps as customers and clients, think bank redlining and tobacco marketing just to name a few.
As employees, we are the last in and first out; typically started lower in pay and position, frequently loosing advancement opportunities to less qualified whites for no reason. Having to produce or be twice as good as their white counterparts to hold their jobs.
For me personally, it was seeing how self indulgent, immoral and criminally greedy the senior executive directors are. They literally don't care if millions of children die to secure their salaries and bonuses. Most don't even care about stock holders to the extent a holder has insufficient an position so as to not hold them accountable. Just look at what musk has done to his car company. He is an attention whore, but he's in no way unusual in corporate america.
Then there are the dirty tricks the exchanges play, allowing the fat cat, whale, hedge fund, market makers to screw little people on trade after trade. I don't trust any of these folks anymore.
As employees, we are the last in and first out; typically started lower in pay and position, frequently loosing advancement opportunities to less qualified whites for no reason. Having to produce or be twice as good as their white counterparts to hold their jobs.
For me personally, it was seeing how self indulgent, immoral and criminally greedy the senior executive directors are. They literally don't care if millions of children die to secure their salaries and bonuses. Most don't even care about stock holders to the extent a holder has insufficient an position so as to not hold them accountable. Just look at what musk has done to his car company. He is an attention whore, but he's in no way unusual in corporate america.
Then there are the dirty tricks the exchanges play, allowing the fat cat, whale, hedge fund, market makers to screw little people on trade after trade. I don't trust any of these folks anymore.
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It's really hoes if we being real, we love pussy and give it way too much value I can speak with facts that I know plenty of 40+ brothers who chase hoes at the bar every-night and really socialize like teenagers.
They can't grow up because honestly they never lived "real life" never really had success with females, no real good sex that they remember, broke and all that.
I speak on classism for a reason, it's a huge problem in the black community, these dudes got no one above them to guide them and are lost.
I can't go for that. This narrative is often put out there but it's a false narrative. The problem isn't that there are no black folk in the black community to look up to, to learn from.
The problem is who people choose to look up to, what "we" choose to learn, and what ultimately you find to be appealing.
The problem too often in our community is that "we" choose to uplift the flashy individuals vs the individuals that quietly go about their lives maintaining and building.
That's why we have to get away from this so called "black culture" that perpetuates black folk to limit ourselves.
YOu need to stop this mentality that blacks are stupid because that's really what your saying, it's not healthy to think that way bro.
Truth is, men are men, what the hell do you think the GOP fights for so often? The right and the privileged for men to engage in certain things, keeping women in line and pushing racist laws that make POC always know that they ain't white. Poor ass white boys sleep at night knowing they strapped, it's all they have to live for and it's the reason I really don't blame guns like most of you, people need something to feel good about no matter how bad things get or they'll spiral outta control. No different than the old retired cac sitting in a 1 bedroom looking at pictures of when he was in the Service, that's all he has.
YOu naive as hell if you think a brother working at 35 at Mcdonalds can have a conversation with a black accountant at 35, you crazy, class is a big issue and people stay in their lane. Classism is a MAJOR problem that we never address because your liberal buddies always push the symbolic grestures on us and always have these conversations like whites are the most racist people on earth, they'll literally have you thinking you can run up on Obama and drink coffee with him and he's cool like that, it's not true.
He don't live next to you broke niggas nor will associate with yall.
My biggest issue with the dems is this right here and the main reason I don't mess with them.
These dudes hate black people but they love the slang and culture when it's time to fuck some black hoes
they're exactly what I talk about and they avoid the truth at all costs. No different at the 6 figure brother at the strip club chopping it up with niggas who not working living with momma, no difference between the two on the outside, you can't even tell the difference, the 6 figure brother lives different on the inside but he don't tell the niggas broke cuz it's a hoe he trying to fuck. He fucks here and she starts wanting him more and he ditches her and gets with a 6 figure sister completely away from that and in the burbs.Truth hurts, I speak on privileged for a reason, no need to lie here. Real loser is the poor chick, she wakes up and tries to change her life and then you wonder why had a kid at 19 and another one at 43
real common sense man, these BGOL cats will never admit it but they know exactly what I'm talking about and this is EXACTLY why Biden is slowing losing younger black folks
Stocks and investing are very complicated to the average person. Black people are no different.
Plus most black people want instant gratification and want to floss. Especially for pussy and bitches.
That’s why you will see dudes buy a $60,000 luxury car with expensive watches and jewelry before they buy a home or have investments.
Owning a 3 story apartment building does not impress women like a ice out Rolex - Kanye West.
Plus most black people want instant gratification and want to floss. Especially for pussy and bitches.
That’s why you will see dudes buy a $60,000 luxury car with expensive watches and jewelry before they buy a home or have investments.
Owning a 3 story apartment building does not impress women like a ice out Rolex - Kanye West.
That's my point, going to school takes time and focus, you may live like a hermit for a few years but the payoff is worth it. The problem is who is gonna take that time? A brother with nothing yes school is the answer but some pussy is too... Most of our issues is really related to over thinking and worshiping females and they know it. You gotta work on yourself but that takes time.
Dudes want pussy, you buy big gold chains, range rovers, for HOES,
KNow a dude paying rent 3k and driving a New Vetter 90k and chases hoes he has money to do it but still niggas wanna fuck something.
These dudes hate black people but they love the slang and culture when it's time to fuck some black hoes
Truth hurts, I speak on privileged for a reason, no need to lie here. Real loser is the poor chick, she wakes up and tries to change her life and then you wonder why had a kid at 19 and another one at 43
It's self hate...all black people's problems are apparently their own fault and if they just work hard like so and so it can all be fixed
Yeah I have traveled the world and one thing about the United States that I appreciate is how much opportunity you have and resources you can take advantage to come up and get your hustle and money up.
Most people are frustrated because they want instant gratification and they don’t understand that you have to have patience and work hard. Hard work pays off.
But too many people are lazy and just want the quick short cut in life.
You see why the GOP caters to the "southern crowd" the same crowd that couldn't compete with "northerners" during the war nor in the academic space, they call up north folks "liberal" for a reason. Those white guys doing maintenance, can't even multiply properly coming how to a wife, kids while you gotta grind for that PHD just to be able to social with "POC" and be considered "one of the good ones" and you wonder why the GOP is so damn powerful. Maybe if the dems fought for the bottom instead of worshipping the elite the message would be different right now.
Americans really are stupid anyone can break this down and see exactly how this country works.