DEAR BLACK PEOPLE, LAST WEEK IN STOCKS & CRYPTOCURRENCY
Every week we go over the top 3 to 5 stories in the stock market and CryptoCurrency Black Families need to know. The stock market closed in the red last week: S&P 500 fell 1.3%, the Dow Jones Industrial Average was down 0.7%, The Nasdaq decreased 2.2%
AMAZON SPLIT 20 to 1
AMAZON unveiled their plans for the split for 20 to 1. They have not split their stocks until September 1999. Naturally, the announcement sent the shares of AMAZON going higher, precisely 6% higher.
On Wednesday, the tech giant unveiled plans for the split — its first since September 1999. The announcement sent Amazon shares up more than 6% in intraday trading Thursday, to more than $2,900 each.
Stock splits usually happen when the price of a company’s shares has gotten very high. Currently, AMAZON stocks are almost at $3000 ($2900 per share as of Friday, March 11, 2022). A stock split divides its shares to lower their price and increase the available shares.
The split allows more investors to come at a lower entry fee, and naturally, more investors will be interested in owning AMAZON at a lower entry point. The value of the stock remains; it’s just more shares to go around.
In Amazon’s case, existing shareholders will receive 19 additional shares for every one share they already own. This means that an investor who owned 50 shares will now own 1,000, but the total value of their holding remains the same.
The new stock price will be around $139, which will open up the stock to new investors. AMAZON is a strong business that continues to grow and branch out from its original core business of selling books. AMAZON now sells just about any item you may need, has gotten into the cloud business, and is now the owner of WholeFood and so much more. AMAZON is a powerful company with lots of growth to come.
Yep, AMAZON is a stock you should strongly consider buying.
For educational and informational purposes only, not financial advice.
FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY. · 2. NOT LEGAL OR FINANCIAL ADVICE.
PRESIDENT BIDENS SIGN AN EXECUTIVE ORDER FOR CRYPTOCURRENCIES
What does that mean? Before we get into that, did you know???
Digital assets, including cryptocurrencies, have grown at a rapid speed. It has grown to a $3 trillion market cap. Yes, that is trillion, not billion, and it happened in 5 years from $14 billion.
Now let’s talk about the executive order President Biden signed and what it means. Last week President Biden signed the executive order for cryptocurrency to help protect U.S. consumers, investors, and businesses.
The executive order lays out a national policy for digital assets across six key priorities: consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.
In my opinion, the government is trying to make decentralized assets into centralized assets in the U.S.
BUY. BUY. BUY
For educational and informational purposes only, not financial advice.
This stock market is the market that every long-term investor has waited for. The prices are lower, and opportunity is mighty, not for the short-term but the long-term.
Stick with solid companies like APPLE, AMAZON, GOOGLE, EXXON, GENERAL ELECTRIC, BERKSHIRE HATHAWAY, BANK OF AMERICA, NVIDIA, PFIZER, MICROSOFT, IBM, FIRST SOLAR & UNITED HEALTH.
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