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6 Ways Your Investments Can Fund Racial Justice

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6 Ways Your Investments Can Fund Racial Justice

Protests against racism have demanded that we take action in our police department and other systems that historically oppressed people with color, including the financial system.

You can also join the protests by donating to organizations fighting for racial injustice or shopping at Black-owned companies.

“What comes after protests is money, and money is what will make change sustainable,” says Tiffany Aliche, a financial educator and founder of The Budgetnista.

These are six ways you can support racial equality with your investment portfolio.

1. Invest in Black-owned businesses and funds that support racial Justice

Kenneth Chavis is a senior wealth manager at LourdMurray and a certified financial planner. He says that investing in stocks of Black-owned businesses can offer two main benefits to investors: diversification as well as the potential for high performance.

Diversification, which means spreading your portfolio among companies from different industries and locations, is crucial to reducing your risk. It also helps you choose companies with different sizes. Chavis points out that small businesses are known for their potential growth. “Keeping in mind the fact that some Black-owned businesses are smaller, there are tons of research that suggests that the probability that a small company will outperform the average big company over long periods of times — or just the broad marketplace — is extremely high.” You’ll need to carefully vet your investment.

There are very few of these stocks that are listed on the public exchanges. It is difficult to weed through stocks and build a portfolio without extensive research. So another option is to use your dollars to invest in mutual funds or exchange-traded funds that will do that work for you. The NACP ETF tracks Morningstar Minority Empowerment Index. It provides exposure to companies that comply with the NAACP guidelines. However, the NAACP does not endorse or sponsor the fund. All net advisory profits from the fund’s management fees are donated to NAACP. There is also a growing number of ESG funds, or funds that are graded using environmental, social and governance criteria.

2. Explore peer-to-peer lending

Peer-to-peer lending companies like SoLo Funds give people who have historically been overlooked by financial institutions and traditional loan programs the ability to access capital. The terms of the loan are set by SoLo borrowers, with no formal approval. Lenders get “appreciation tips” and there are no minimum requirements. You can start with any amount.

Chavis states that peer-to-peer lending is beneficial for asset diversification. P2P loans are not usually correlated with the stock market. He adds that it is a great way to assist disadvantaged communities to access capital for personal or business purposes.

One of the main risks associated with P2P lending is that the borrower might not be able repay the loan. SoLo attempts this by giving every borrower a SoLo score. This acts as a platform-specific credit rating and is based upon your initial registration and how your loans have been handled. Chavis recommends that you diversify the loans you offer. This will help reduce risk.

3. 3.Invest in companies that support racial justice financially

Public companies can be rewarded with your investment dollars if they donate money to support racial equality. Many large corporations have made pledges of money over the years to support anti-racism initiatives. You are supporting companies that put their money where it is needed by investing in them. It is also possible to see if the company has a CSR initiative, which supports local communities.

Aliche also says that spending money is the same as investing money. You might not see a return if your stock is not actually owned by you, but you are putting money into these companies.

She recommends that you review the company’s website, social media and who is on their staff before spending any money. Aliche says it is crucial to spend your money with companies who are aligned.

4. Look into real estate crowdfunding or startups

Although you may not yet be an angel investor, you can still invest in cool startups that aren’t yet publicly traded. Republic lets investors find emerging businesses for as low as $10 and get in on ground floor. The site also lets you filter listed businesses to those with Black founders (as well as to those with female founders and other socially responsible investing criteria).

Buy the Block is a crowdfunding platform that allows you to invest in real property and in some cases the businesses they will house. It’s all about giving people an equity stake in their communities, as well as working to stop gentrification. You can invest on Buy the Block for a minimum of $100 (which is significantly less than most real estate crowdfunding platforms). Many of the projects on Buy the Block are located in historically Black neighborhoods.

You could lose all of your investment in real estate crowdfunding or startups. Do your research before you make any investment.

5. 5. Rethink your bank

Consider a Black-owned bank if your current bank isn’t meeting your needs. A 2019 FDIC study found that minority deposit institutions are more likely to originate mortgage loans for minorities than non MDIs. Some institutions are also designated Community Development Financial Institutions. This means that 60% of their financing activities are geared towards low- and medium-income people.

Aliche says, “I love small, local banks.” “Don’t hesitate to ask about initiatives for the African American community at banks that reinvest in your community. They might have more community-focused initiatives even if they aren’t African American-owned banks.

6. Learn from and collaborate with Black financial professionals

Working with a Black financial advisor not only invests your money back into the community, it helps that advisor continue adding their perspective to the predominantly white space of financial advice. The Association of African American Financial Advisors has a list of Black financial advisors.

Black-owned investment platforms offer financial guidance and can be used to help you invest. Freeman Capital, a Black-owned, -founded investment platform, recognizes the wealth gap and provides everything you need, from automated investing to consultations and CFPs.

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Do’s and don’ts of business networking

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Do's and don'ts of business networking

Business development is something that is a constant focus of most businessmen. There are many things that a businessman has to take care of in order to ensure that business is growing at a good pace. Among other things, networking is something that helps a business walk on the path of constant development and growth. 

Talking about networking, it is like those necessary evils that when used adequately benefit you well. Now the ability of good networking is not something a person is born with. One has to over the course of time develop the skills of developing healthy and beneficial relationships. 

Well, developing the skill to build good relations takes time and practice. There is a lot one learns from experience and so today we will be talking about the do’s and don’ts of business networking. 

Do

Approach 

In networking events, do not hesitate to be the one who approaches first. Networking events are held so that you can meet new people and make new connections. Often people go to networking events hoping to meet some new people and so they go to such events by themselves. 

You can feasibly approach someone and start off a conversation politely. All you have to do is be a little confident and clear with what you say and you will be good to go. You don’t need to worry about anything, you just need to approach and see where things go. 

Use Social Media Carefully 

Your presence on social media as a business plays an important role in what impression you leave on your audience. When you connect to people through social media you have to be careful with the content you post on your handle. 

You have to remain professional all the time and ensure that you avoid getting involved in any political or offensive content. Apart from that, you also need to be active on your social media regularly so that you keep your audience active as well. 

Listen And Learn 

One of the most important factors of networking is listening. The whole point of networking is connecting with people that benefit us and learning from them for our own betterment. At networking events, people are often promoting themselves. However, if you choose to listen instead, people are more likely to value you and remember you. 

Apart from that, listening has its own benefits, the more you listen to people you get to know different perspectives and opinions that help you form your approach. Moreover, it is listening to others or rather more experienced people that help you learn. 

Don’t

Neglect Business Cards 

Networking and marketing go hand in hand. We all know that a business card is the most basic tool one can use for marketing or even networking. Exchanging business cards is something that has been around since the very beginning and is still considered one of the best ways to exchange information. 

However, with the developments in technology, these cards seem to be neglected. However, you need to make sure that you don’t make the mistake of neglecting these business cards. When it comes to staying put with technology you can always use a virtual business card

Be Forceful 

It is often a tendency of people to be a little pushy when you really want to crack a deal or form a good connection with someone. However, this forceful nature of being overly persistent will cause more harm when trying to make a connection. 

Being forceful often promotes aggression and makes people lose interest very quickly. One needs to have a sense of when to stop insisting on a conversation. All you need to do is be as patient as possible and wait till you get a positive response. Other than that, being pushy is pretty contradictory to being professional. 

Be Unprepared

The last thing you want in networking is not knowing what to do. Let’s say if there is a business event or a networking event that is filled with opportunities to meet new people and build new connections, and you don’t have enough information about it, doesn’t sound good, does it? 

Well, this is exactly why you should always be prepared for any business or networking event. You need to have a good idea about what you need to know from others and what you need to tell them about yourself. Lastly, you don’t want to find yourself caught short on information that would have benefited you otherwise.

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The 10 Best Sites That Are Like Afterpay

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Best Sites That Are Like Afterpay

Have you used Afterplay before? Although they offer the great benefit of making purchases, receiving your products now and paying later, there are other options that you can also consider if you want to try another platform with similar services. Some of the factors why people start looking for alternatives to this popular app is the improved customer service level, an interface that is more intuitive to use or due to the fact that they have built a good and reliable brand. In this article you will see a series of payment gateways similar to Afterpay, as well as a practical short review.

1. Sezzle

Although this app is more expensive to use, they offer the option to buy now and pay later without having to worry about the interest, as long as you pay your installment plan before the previously accorded due date.

2. PayPal Credit

Just as you may imagine, this version of paypal gives you the flexibility to buy those things you probably can’t afford just now, you can get your order now and pay over time, just consider that the services of this app are more expensive.

3. G2 Deals

This is another buying software that takes pride in being cheaper than its competitors, and they have built a trusted business among users, plus they offer extra benefits to their customers.

4. Affirm

If you are looking for a fin tech solution that allows you to put your finances in order through their online services, you might consider this alternative. They have a great interface but it’s more expensive than Afterpay.

5. Klarna

This payment gateway provides the common payment methods and focuses on giving their users outstanding support. At Klarna, they will do an amazing job to meet or exceed your expectations and their app is in general very easy to use.

6. Splitit

Considered as a suitable alternative if you are looking for a company who offers services at a worldwide level. By using this app your payments will be required on a monthly basis instead of the 2-week period provided by Afterpay.

7. Zip

They will offer you the flexibility of splitting the total charge of your purchase in four parts and pay for them later. Although this is a more expensive deal, you will enjoy a better built app as well as more dedicated customer service.

8. SecurePay

This is the best option overall in our rank, thanks to the set of benefits you will enjoy with this payment gateway provider. If you want to have the freedom of scheduling your payments without any kind of setup charge or monthly/annual fees, this is your go to. Plus, your transactions will be protected by their FraudGuard service, which you get for free.

9. Go cardless

An online payment tool that delivers what they offer, you can learn how to use it very fast and the customer service is wonderful. Just keep in mind that there is a 1% fee per transaction.

10. FuturePay

Just like the name describes it, it will allow you to buy things now and pay later without needing a credit card. While they are reliable and the app has a friendly interface, their service is more pricey.

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Business

Ways to Use Brochures to Advertise your Brand

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Ways to Use Brochures to Advertise your Brand

Custom brochures are the most significant marketing tool for your brand. Many companies are advertising their brochures to create a sense of familiarity with their brand and provide information about their services as a way to initiate and develop relationships with potential customers.

Why use brochures?

A brochure can be an effective way to get a message across. Most companies spend heavily on brochures because they know that brochures have the power to sell their brand and make money. A compelling brochure can have many forms like direct mail, postcards, and more. The value of the content can easily be increased by designing it for social media.

Tips for Looking Trendsetting

Occasional updates to your existing marketing material can help you improve how your brand is perceived, how long it takes someone to reach a decision on purchase, and how likely they are considering a purchase. Staying on top of trends with the use of brochures can also boost prospects for high return, low-cost marketing campaigns.

Use Product Brochures

If you need to establish your brand, improve the effectiveness of your marketing campaigns with brochures. They can be produced in a plethora of ways and may serve several roles depending on the needs of your campaign. A used as a marketing tool to knock doors your product can be displayed or just provide important information like contact info or product specifications.

How to design a product brochure?

Product brochures are a part of marketing strategy for any company. Many businesses opt to include a brochure that features their company as well as an individual product. Designing an eye-catching brochure is time consuming and takes more than just your typical type of fonts and layout. You’ll need to consider what colors you want your design to be made in, what will appeal most to your audience, etc.

What paper choices are there for your custom brochure?

There are several different choices when it comes to publishing your custom brochure. You can choose from glossy or other fine-grained papers, or print on a website that offers an interactive design like infographics, papers woven in transit and much more. To tailor your marketing strategies with certain materials, think about what message you would like to convey the world with your custom brochure. Choose between the glossy paper for high-quality printing, or the matte finish for consumer convenience when you need to manage multiple copies on-the-go.

Tip for Look Trendsetting

Brushing your teeth is one of the simplest ways to change up your appearance, but the easiest way to see a noticeable difference in how others look at you might be by changing up brochures. You want people to read them for hours on end and leave with a heartfelt message about how awesome you are and what your brand does for them, right? So go out of your way to make these things as eye-catching as possible. Use bright colors, slick paper, large fonts and more and watch as competitors turn green with envy!

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