Exactly a year away from insurrectionists storming the United States Capitol during national vote ratification and we are all still in debt to Eugene Goodman. Things are not looking so well right now. The perpetrators are still largely, at large. The grand experiment could be headed for an ignominious end. We are afraid that this brave Capitol police officer only afforded us a small delay, and we might not escape fascism of white supremacist nationalists.
The last publicly traded Black bank with a value of under $5 at the time of this writing is Broadway Financial Corporation, trading under the Nasdaq symbol BYFC.
On August 31, 2020 a woman by the name of Somesha Adams shared her Broadway Financial Corporation stock purchase with the world because it was important enough to show public support of a worthy cause. Tragically our Black bank maven, sorority sister and friend, died earlier this year from COVID and to honor her legacy we are purchasing more of the stock.
While we are not offering investment advice, this Black bank listed a closing at $3.69 on August 30 2021 and it is squarely within the price range of novice long-term investors. Do yourself a favor and become literate in the publicly traded financial markets. If you were looking for a starting point, start right where you are.
Somesha Adams was an entrepreneur and artist that believed in Black causes and Black people. We loved her kind spirit and we agreed with her vision of increasing Black participation in the stock market. We would like to celebrate and revel in the spirit of economic activism that she embodied. We encourage all our readers to be a little like Somesha on the anniversary of her revolutionary trade on every August 31.
Broadway Financial Corporation is the holding company for the last Black bank on the West Coast. The Broadway Federal Bank has two locations (Dowtown LA and Inglewood) and they merged with City First Bank of DC back in April of this year in order to expand on their missions of social justice and equity. Broadway Financial Corporation are just one of the many Black organizations that you could be supporting and profiting from so do the research because you stand to benefit or lose the most.
This is not a charity. We don’t need your donations. This is a Black Bank Share Drive to honor our friend and spread the word about financial freedom without all the scamming.
White banks don’t lend to Black people at the same rates. Our Black communities suffer because of apartheid in America that is often described in unfamiliar terms like redlining, gerrymandering, and actuary science. We are organizing against this systemic racism and oppression by voting and educating. Â
If it is within your means and ability, buy stock in Black banks today! Publicly traded companies are integral participants in supporting Black issues and Black families economically. We want you to consider investing in Black banks as another effective tool in your arsenal to fight against white supremacy.
The August 31 Black Bank Share Drive is about liberation. You might feel a whole lot more freedom with just a few shares of a Black bank stock. Put your orders in with your brokers now and let’s see how many Black bank shares we can rack up on August 31, like Somesha.
Black History Month is here and what better way to celebrate Black people in the United States of America than through a national movement to buy stock in publicly traded Black-owned companies? Just think if we could do what online forums have done for companies like GameStop and AMC Entertainment Holdings. For Black people have long heard the promise of a seat at the table of economic prosperity in the USA without realization, but we may finally see a way to seize it. We hope that you are up to the task and embrace this economic challenge.
We are assuming that all of you are at least somewhat familiar with fractional holdings of publicly traded stock and online brokerage companies. By now the world has seen the ticker on $GME and $AMC go completely haywire when small retail holders forced some big names in finance to close their hedge funds over potential catastrophic losses. Today the New York Stock Exchange and S&P 500 are both still reeling from the abnormal volatility caused by a nostalgic mob and the message is clear: other motivated groups of people can do this too.
Check the ticker for GME and AMC. This February we want make some Black History money for everyone. Our hustle needs to evolve in 2021.
Today there isn’t a good reason why you don’t have at least five dollars’ worth of stock in ten Black owned publicly traded companies. We might all be struggling but if you have $50 you can send a clear message this Black History Month that you can have a big impact. You are not the type to go to an Occupy Wall Street rally and you certainly aren’t storming the Capitol, but you know that you have skin in the game and now your money is going to represent that.
What is more, you are going to get a discount. Not just a one-off discount, but a discount that you can pass to your own friends and family. (Click this link and get $20 free stock with a new account.) Hopefully, this Black History Month they’ll find $50 so that they can invest $5 in ten Black publicly traded companies too.
Now we are getting somewhere, together. This is not a flash in the pan scenario, and we are in it for the long haul. We ain’t going nowhere, so we built this simple strategy to send the message.
Historians will note that Black people decided to buy-in, en masse, during Black History Month in 2021. A long-term investment challenge is what it is. Every person needs to understand that investing in stocks is not the same as trading stocks.
Again it is worth repeating that this is by no means a financial website and The Chronicles of Six does not provide financial advice. We can’t even take credit for thinking of this event first because the Wall Street Journal reported a similar phenomenon around Junteenth, 2020. Black people and allies, now it is our turn.
We chose to use STASH because they are an online brokerage firm that sells partial shares of publicly traded stock, plus they provide the type of coaching people need to feel secure in the world of investing. STASH also didn’t just fold like an empty promise moniker and they showed great integrity by allowing customers to continue to trade publicly. STASH navigated a very volatile market while still honoring controversial orders, and for that they received our endorsement. Heck, STASH even makes it easy for you to buy stock in your children’s name if you have an eye for the future.
Right now there doesn’t appear to be a widely used Black online brokerage firm that allows the trading of partial shares, but we are sure that day is coming. BankBlackUSA is a good starting point if you are looking for an assortment of traditional banking products and services that don’t include partial stock trades. Official Black Wall Street was even suggesting the purchase of stock in Black publicly traded companies like six days ago -and they even listed eleven to choose from.
The website Investopedia breaks down what they consider to be the criteria for Black publicly traded stock. All of the resources that you need to get started are in the links in this blog. Please feel free to pass this around to as many Black people that need to see it for the next 27 days, and beyond.
The Joint Economic Committee released The Economic State of Black America in 2020 and needless to say it was dire. If challenges like a Public Black Market Buy-In can go viral, we can quickly reverse that dismal outlook.
Remember to invest in Black this February, share and retweet!
They say that you are a bunch of amateurs. They are saying that you are messing with their establishment.
Follow this link and start right now with as little as five dollars. If you are just getting started we can’t think of a better company that isn’t currently participating in the blackout on Popular Publicly Traded Stocks.
Somehow during all the recent stock mania the folks with tons of cash invested in certain companies failing have decided that the best way to stay rich was to prevent trading on certain platforms. Despite the names touting their accessibility and egalitarianism some of these internet partial-stock trading companies are actually in a pretty deep and great big back pocket of their financial overlords. They don’t want you to monkey up the works. They want to keep you poor because they get more money that way.
We are not here to tell you what to buy. DICooper doesn’t endorse Stocks.
We are here to tell you that if you want to buy stocks legally and without being subject to censorship because big money people are afraid, that you can. Retweet us!
Early this morning there was a bunch of talk about folks getting kicked off their platforms, so we just want to make sure that you can buy what you want. No censorship!
And if you think that this is going well now, wait until Black History Month when we are coming out with the hottest Black-owned Publicly Traded Stocks. Why should these white girls have all the fun? Shout-out to Reginald Lewis.
Now none of this is going to make you a business insider but at least you can participate. If you use my personal Stash link we will both get $20 worth of stock. You can then send out your own link, and etcetera. Boom.
We are all having fun playing real life monopoly together and Stash is going to teach you how. Yay.
I know the life lesson that I keep failing, I just can’t stop myself from failing it.
It first happened at my birthday party when I turned six years old. I got exactly what I had asked for: a bicycle. Sometime during the party my cousin Rodney wanted to ride it. I told him no, but my parents overruled me. I told my parents that I didn’t want the bike anymore.
Sometimes promising seasons are cut down. DeMatha football started out hot, but then suffered consecutive losses to league foes Gonzaga, Good Counsel, and Saint Johns College. The Stags managed to beat Bishop McNamara and Archbishop Carroll to finish as the fourth playoff seed in the WCAC but they lost 14-17 to Saint John’s College in the first round. We must admit that we were a little sad about the 6-5 overall record and a fourth place finish in the WCAC – until we remembered that we had another picture of Alexis Savage to post.
Alexis Savage knows that hoops are on the horizon.
The Howard Bison football team also started hot when they registered a win at a UNLV and a close loss to Kent State, two FCS schools. The University of Richmond put a chill on when they destroyed the Bison 68-21 in September. Then North Carolina Central University left the normally potent offense frozen when they orchestrated a 13-7 victory in DC. Howard (7-4) eventually finished second in the MEAC despite losing to Hampton University in what we like to call the Bourgeoisie Bowl and missed their sliver of an opportunity to play in the Celebration Bowl, instead.
All of that losing makes us sad. Look people, studies have shown that the majority of teenage boys like modest pictures of extremely hot women so we’re really just providing a serviceable means of introduction here. Let the Ooh La La’s of the Howard University Showtime Marching Band take you away from all of this.
We are better now. Don’t give up on us! We’re not going to let some silly football games get in the way of making some real progress on this blog. We’re total homers for DeMatha Catholic High School for Boys and Howard University, here.  We’re never going to pretend to be anything else even if the analytics say that we should diversify for greater SEO appeal. We aren’t in it for the short term game, are we? We’re in this thing for the long haul.
For instance, don’t talk to us about how well your child reads at three-years-old. Talk to us about how well your child reads at thirty. That seems to be a better measurement of a job done well. We are all about progress here on The Chronicles Of Six and both football teams are up to challenges ahead. To lay some more smooth Black vernacular on you, DeMatha is certainly going to DeMatha. Caylin Newton has three more years of eligibility at Howard University but he was already named the MEAC Rookie of the Year.
You know How It Goes Down…Â We’re going to continue to keep you posted.
This could be described as a bait and switch. Today is the actual birthday of Kappa Kappa Psi, National Honorary Band Fraternity, but we’re showing you a video of a toddler birthday party instead. (Weird side note, a former Assistant Dean of Pledges at Howard University in that organization also shares a birthday with the fraternity so shout-outs to Gangster Psi, Ph.D reppin’ the Pershing Dough Boys and the D.) We digress…
The Word on the street is that Samuel really loves music, and music flows through his life experience from his ancestors. We don’t know if he will play the drums, organ, guitar, or tuba but he is bound to have an instrument choose him. In the YouTube video above you can see him dancing in the short, public version. (There is actually a much longer video with hilarious audio that we are only sending to the family -but you get the point.) Samuel had a really great time on his birthday and he was excited to receive the gift of music.
[Featured image is from Samuel’s Aunt Carol Squire, family archives]
The Chronicles of Six 