What's Happening In Your World
By: Joshua Jones Black Americans are constantly under economic fire. With our overall net worth decreasing to 1990s levels, it’s time to find avenues to replenish our monetary value. According to Nielsen, an online business marketing tool, 54% of African Americans are smartphone users, so why are more of us not investing in these gadgets, instead of being the consumers and letting corporations take our money and not return it to our communities? Research In Motion (RIM), the maker of BlackBerry, has taken a major hit as they failed to keep up with market demands and aging technology. They were surpassed as a major smartphone player by Android and Apple’s iPhone. With the company under attack from market pressure, RIM’s stock prices have dropped to $10.70 a share. With RIM’s new BlackBerry10 platform set to rollout Q1 of 2013, it opens a great opportunity for the Black community to regain some of the cash we shell out to the mobile corporations and regain some financial footing. With the new technology, and diehard European and African fan base, the BlackBerry will make a rebound. If you get in on the market now, you will see a return in 2013. Data trends for the past five years show that African Americans will spend upwards of $1.1 trillion in 2012. If the community were to take a fraction of that money and invest it, imagine how much more freedom we could bring to our communities. Do yourself a favor, instead of buying someone another ugly sweater off of the sale rack this holiday season, buy them a few shares of RIM stock and start the upward swing of the Black community’s financial rebound.

How Black People Can Make Money Rather Than Spend It

By: Joshua Jones

Black Americans are constantly under economic fire. With our overall net worth decreasing to 1990s levels, it’s time to find avenues to replenish our monetary value.

According to Nielsen, an online business marketing tool, 54% of African Americans are smartphone users, so why are more of us not investing in these gadgets, instead of being the consumers and letting corporations take our money and not return it to our communities?

Research In Motion (RIM), the maker of BlackBerry, has taken a major hit as they failed to keep up with market demands and aging technology. They were surpassed as a major smartphone player by Android and Apple’s iPhone. With the company under attack from market pressure, RIM’s stock prices have dropped to $10.70 a share.

Read Original Article At Techyville

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3 comments

  1. Why didn't the article tell us steps we could take on our own in this regard, knowing that our investing ignorance will steer us to be exploited by greedy men, who can smell our ignorance from afar?

  2. Sandra-Shaye Robinson Gray

    We Prosper as Our Soul Prospers, So Our First Investment Must Be in Ourselves!

  3. Investing requires time and patience. We and the whole country mostly prefer instant gratification.

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