The Top 5 Excuses Black People Make for Rioting

First it was Ferguson, then Baltimore and now it’s Milwaukee. For whichever unfortunate city to land next in this sad group there is a standard list of excuses far too many Black people use to justify the looting and destruction. Below are the top 5: EXCUSE 1: Black People Don’t Own Any of the Businesses…

Quick Take: Black Wealth Vs. Forbes 100

The top 100 members of the Forbes 400 list of wealthiest Americans own just about as much wealth as the entire US Black population of 42 million citizens. For the US Latino population of 55 million people it takes a bit more: the top 186 members of the Forbes 400 list. Source: Corporation for Economic Development

Better Options Then A High Yield Bond Fund

A few weeks ago I wrote a post on whether I should continue to use a high yield bond fund (TIYRX) for my primary savings. I concluded after reviewing a few alternatives that the answer was yes. I still agree that TIYRX is far better option than a simple bank savings account or the other…

Quick Take: Credit Card Debt by Race

This is the rare occasion where Black people aren’t in last place, or next to last place. As of May 2016, African Americans have the lowest average credit card debt. Although Black people have the lowest amount, something tells me if you looked at credit card interest rates by race it would be an entirely…

A Goal to be Debt Free in 2016

Today was the first day of my new job, its a fresh start after my entrepreneurship failure. My first goal with a steady paycheck is to pay off the debt I accumulated from my failed business. I currently have just over $10K in credit card debt. Fortunately, besides debt from a rental home mortgage and…

Still Chasing High Dividend Stocks?

Last Thursday Vanguard closed its Dividend Growth Fund (VDIGX) to new investors after its assets doubled over the past 3 years climbing to $30 billion. This fund is an actively managed and its managers were coming across the fortunate problem of having too much money to manage. Having the fund grow too large would make…

Dear TNT: We Don’t Need a Charles Barkley Race Show

TNT just announced that they think it would be a great idea to give Charles Barkley a weekly TV show focused on race and creatively name it “The Race Card.” I’m not kidding, this is not from the Onion or some other parody site, the year is 2016 and this is for real. With all…

A Dismal Story: Black High School Graduation Rates

Before you can really discuss the disparity in college attendance rates, graduation rates, affordability, performance, etc. for Black students vs. White students or verse any other group you first have to acknowledge the huge gap in high school graduation rates* for Black students. Black students continue to underperform White students nationwide by 14.7%. It is astounding…

The Hate for Michael Jordan is Misplaced

Recently Michael Jordan contributed $1 million dollars to the NAACP Legal Defense and Education Fund and $1 million dollars to the International Association of Chiefs of Police’s Institute for Community-Police Relations. With his donations he penned an open letter where he condemned the deaths of innocent Black people at the hands of the police and…

Should You I Continue To Use TIYRX For My Long Term Savings?

For more than a decade now I’ve placed a bulk* of my long term savings in TIAA-CREF’s High Yield Bond Fund (TIYRX). Before the 2008 recession you might have been able to find a savings account with a 1.5% or 2% annual interest rate, maybe you could get 0.5% in extra interest if you selected…