Personal Finance . . .
Can We Really Do Business With African-Americans?
"Buying Black" is a recurring theme amongst the African-American
community. If we are going to spend our hard-earned dollars on a
product or service, why not make the purchase from a "brotha" or
a "sista?" After all, we can choose who receives our money, so
why not reinvest in our own communities?
I was tasked with finding an African-American-owned print shop.
The last time I utilized this type of print shop, I had quite an
experience. Several times I called the establishment in search
of information. You know, the basics: quantity, price,
turnaround time, methods of payments accepted, etc. Each time I
called I was greeted by a "clueless, ghetto fabulous" employee.
You know the kind. It doesn't matter what you ask because the
response is the same, "Ow-don-evun-no." At that very moment I
wanted to ask the young lady, "If you don't know anything then
why are you answering the phone pretending to be able to help
me?" In other words, why was she there?
In all honesty, my frustration was not just with her, but the
owner as well. I wanted to ask the owner why this young lady was
employed without receiving any training.
Increased Minority Homeownership
Cendant Mortgage Responds to National Call
In a fitting close to National Homeownership Month,
representatives of Cendant Mortgage Corporation and Habitat for
Humanity of Camden (NJ) will gather today to break ground on
construction of a new home for a needy family.
The groundbreaking ceremony will take place at the Metropolitan
Camden Habitat for Humanity's "Sixth Street Project." The
project includes construction of five new homes on South Sixth
Street between Clinton and Royden streets. Funding for the
project will be provided by the U.S. Department of Housing and
Urban Development (HUD) and several corporate sponsors including
Expected to attend the ceremony are U.S. Senator Jon Corzine;
Camden City Council President Angel Fuentes; and Gwendolyn
Faison, who will represent the Office of the Mayor of Camden.
Earlier this month, President Bush and HUD Secretary Mel
Martinez designated June as "National Homeownership Month." The
President also issued "America's Homeownership Challenge" to the
real estate and mortgage finance industries and asked that they
join him in the effort to increase minority homeownership by
helping to take steps to overcome the obstacles faced by
minority families. The 'Challenge' seeks to increase the number
of minority homeowners by at least 5.5 million by 2010.
Seven Keys to a Profitable Investment Club
These three clubs show high returns can
be had by following the right path to investing
Test Your Investment Club IQ
Whether you intend to start your own club or join an existing
group, you need to gauge just how much you do (or don't) know
about investing. The following test is designed to help you
better understand the ins and outs of investment clubs. Your
responses to the following questions provide a framework for
Invest Like the Big Guys
Profit in the stock market with a do-it-yourself approach
Log On and Profit
A beginner's guide to online investing
Brandon Ledyard buys and trades stocks such as JDS Uniphase (Nasdaq:
JDSU), TriQuint Semiconductor (Nasdaq: TQNT) and Ariba (Nasdaq:
ARBA) online. The profits from his investments have afforded him
certain luxury items, without tapping into the family budget.