Two black corporations sold off to whites.. (Sundial & OWN)

[blakfyahking]

My $0.02

If you have an extra 100k, rather than deciding if you should pay off your debt or start a business, there's a third option. Sadly many people don't fully understand the third option.

There's something called a series 7 exam. Its what stockbrokers take to be registered with the SEC. The information on the series 7 exam isn't taught in schools. You can't go to college and take courses that will teach you how the stock market works. You have to figure it out for yourself.

Once you understand how it works, if you have $100k you'll be set for life.

a series 7 exam is for if u want to be a stockbroker.............u don't need to be a stockbroker to invest in financial markets

and yes u can go to college to learn about how the stock market works......that's what people like me did when we got degrees in finance lol

it's actually prob better to get a full degree vs just trying to use the series 7 exam as a shortcut to knowledge

unless u literally plan on working on Wall Street or a bank with a brokerage arm, there is really no point to getting a series 7 license just for the fun of it

plus there are better investments u can make with 100k vs just hitting the stock market

 

[blakfyahking]

well aint this a situation then.

we gonna have to agree to disagree.

wifey and i have been at a just in case 1 income before i acquired anything....before any business. now once everything started...i paid everything off...an continued to purchase and invest...but i was able to do that with a clear mind.

you are stating emotion...but people make decisions everyday off emotion. i started a thread a while back where people were saying they needed such an such or wanted to guarantee this before making this decision.

no matter which way you spell it..its still based off emotion.

everyone is not prepared to take leaps forward or educate themselves....even if they got alot of a little bit of money. plenty of people on this site dont want to educate themselves...they want to be told step by step step what to do.

its funny the things you are saying in your last post.

reason being.....those very things you are saying...i have said millions of times on here and many years ago to many people...all i do is think of the what ifs...an thats why 1 income was our first goal and second was paying off the house.

and yes credit can be helpful but you also have to know who you are as a person an know how to use it.

i recently made a purchase with cash that i should have used credit for. aye...lesson learned. and thats why my next step is speaking with a banker to not make the mistake again. and yes, i spent a shit load of money...but it wasnt due to reasons some may think....

now while it may look like i dont know what i was doing.....i know who i am and what credit was to me. i had to be real with myself an know that it wasnt the time and now is the time.

and lastly...if someone cant pay for utilities or taxes...then they need to sell the house and start over vs having it taken...

what's funny is that u really ain't disagreeing with me

cuz u and ur wife basically did the shit in the way I described based on ur last post :lol:

I understand ur ego won't just let u say that I know what I'm talmbout and u might not be in my league when it comes to financial knowledge haha..........niggaz never want to give props but ah well

but anyways if a person ain't ready to educate themselves before making major money moves, then they can't look surprised when shit goes bad

it's too much free information out here, and like u said.........too many mofos are too lazy to do their own homework when it comes to learning the basics, they want everything fed to them for free in little pieces

my beef is that everything isn't as extreme in one way or the other, and cats should be more willing to help each other instead of competing

that's why right now mofos always think cashing out is the answer instead of thinking long term like this thread

 

[5 Grand]

My $0.02

If you have an extra 100k, rather than deciding if you should pay off your debt or start a business, there's a third option. Sadly many people don't fully understand the third option.

There's something called a series 7 exam. Its what stockbrokers take to be registered with the SEC. The information on the series 7 exam isn't taught in schools. You can't go to college and take courses that will teach you how the stock market works. You have to figure it out for yourself.

Once you understand how it works, if you have $100k you'll be set for life.

a series 7 exam is for if u want to be a stockbroker.............u don't need to be a stockbroker to invest in financial markets

and yes u can go to college to learn about how the stock market works......that's what people like me did when we got degrees in finance lol

it's actually prob better to get a full degree vs just trying to use the series 7 exam as a shortcut to knowledge

unless u literally plan on working on Wall Street or a bank with a brokerage arm, there is really no point to getting a series 7 license just for the fun of it

plus there are better investments u can make with 100k vs just hitting the stock market

Well the point I was trying to make is that once you understand how the market works you don't need a job on Wall St, all you need is $100k.

And the point of getting a series 7 exam isn't necessarily to get a job working for a firm. It's an IQ test. You need a 72 to pass. A lot of people study for the test and can't pass.

If you have a college degree in anything (I have a degree in Criminal Justice) all you need is an understanding of how the market works, how investments are taxed, how to calculate yields and most importantly how to buy and sell securities.

There's people out there with PhDs that don't know how to buy a stock.

 

[CEOFABRIC]

Business isn't always about race. You build a company to the point that you can sell it for "X" amount times it's current worth. Question is did they sell 100% or do they still have equity or say.

 

[blakfyahking]

My $0.02

If you have an extra 100k, rather than deciding if you should pay off your debt or start a business, there's a third option. Sadly many people don't fully understand the third option.

There's something called a series 7 exam. Its what stockbrokers take to be registered with the SEC. The information on the series 7 exam isn't taught in schools. You can't go to college and take courses that will teach you how the stock market works. You have to figure it out for yourself.

Once you understand how it works, if you have $100k you'll be set for life.

a series 7 exam is for if u want to be a stockbroker.............u don't need to be a stockbroker to invest in financial markets

and yes u can go to college to learn about how the stock market works......that's what people like me did when we got degrees in finance lol

it's actually prob better to get a full degree vs just trying to use the series 7 exam as a shortcut to knowledge

unless u literally plan on working on Wall Street or a bank with a brokerage arm, there is really no point to getting a series 7 license just for the fun of it

plus there are better investments u can make with 100k vs just hitting the stock market

Well the point I was trying to make is that once you understand how the market works you don't need a job on Wall St, all you need is $100k.

And the point of getting a series 7 exam isn't necessarily to get a job working for a firm. It's an IQ test. You need a 72 to pass. A lot of people study for the test and can't pass.

If you have a college degree in anything (I have a degree in Criminal Justice) all you need is an understanding of how the market works, how investments are taxed, how to calculate yields and most importantly how to buy and sell securities.

There's people out there with PhDs that don't know how to buy a stock.

I'll be real with u and admit that the series 7 exam really doesn't prepare u for shit except to be a stockbroker

and it doesn't even prepare u to be a good stockbroker at that, cuz most stockbrokers barely understand how markets work

and stockbrokers are basically the car salesmen of trading stocks, so even if u prepared to be a stock broker u still ain't really prepared better than either the serious amateur investor or the college kid who's been studying for years

u can open a brokerage acct today at many banks at be trading stocks immediately afterwards for $100, not $100k

books at Barnes and Noble and internet websites are a cheaper more efficient way to learn how to invest......the series 7 would be a waste of time and u would still need assistance from others

 

[5 Grand]

I'll be real with u and admit that the series 7 exam really doesn't prepare u for shit except to be a stockbroker

and it doesn't even prepare u to be a good stockbroker at that, cuz most stockbrokers barely understand how markets work

and stockbrokers are basically the car salesmen of trading stocks, so even if u prepared to be a stock broker u still ain't really prepared better than either the serious amateur investor or the college kid who's been studying for years

u can open a brokerage acct today at many banks at be trading stocks immediately afterwards for $100, not $100k

books at Barnes and Noble and internet websites are a cheaper more efficient way to learn how to invest......the series 7 would be a waste of time and u would still need assistance from others

Trading with $100 doesn't work because there's an $8 fee to buy and sell. So unless your stock goes up $17 its pointless.

But you're right about stockbrokers, they just rip people off. That's why I'm saying YOU need to understand how the market works. For example, athletes and entertainers get checks for $Millions and they trust their financial planners and stockbrokers who just rip them off.

This is what I'm talking about

 

[deadeye]

Also, $70 million seems kind of low.

The network must not have been doing that well.

Otherwise, there'd be no reason to sell a 25% stake.

Guess she just decided to cut her losses.

The fuck are you talking bout?

That 25% at 70 million means the company has a valuation of close to 300 million in just 6 years.

Like I said, kinda low.

Look at it like this.

Bob Johnson sold BET for a billion dollars..............BET.

Even at it's height, it can be argued that BET was never truly a first class network.

In terms of overall popularity/ratings, OWN has never even come close to BET when BET was at it's peak.

So, I guess..........in a sense...........you might actually be right.

$70 million for a 25% stake is just about right for a struggling network that hasn't quite done as well as expected.

 

[deadeye]

Interesting perspective on OWN and BET:


I'm only a few minutes in, but the first few minutes pretty much sums it up.

 

[2stepz_ahead]

I'll be real with u and admit that the series 7 exam really doesn't prepare u for shit except to be a stockbroker

and it doesn't even prepare u to be a good stockbroker at that, cuz most stockbrokers barely understand how markets work

and stockbrokers are basically the car salesmen of trading stocks, so even if u prepared to be a stock broker u still ain't really prepared better than either the serious amateur investor or the college kid who's been studying for years

u can open a brokerage acct today at many banks at be trading stocks immediately afterwards for $100, not $100k

books at Barnes and Noble and internet websites are a cheaper more efficient way to learn how to invest......the series 7 would be a waste of time and u would still need assistance from others

Trading with $100 doesn't work because there's an $8 fee to buy and sell. So unless your stock goes up $17 its pointless.

But you're right about stockbrokers, they just rip people off. That's why I'm saying YOU need to understand how the market works. For example, athletes and entertainers get checks for $Millions and they trust their financial planners and stockbrokers who just rip them off.

This is what I'm talking about

thats because they have no financial literacy and need to put trust in anyone who can talk fast and shw them what they bottom line would be....then they begin to milk them. thats why it needs to be taught before they get the millions.

financial planning is what you mean.....not series 7.

these niggas may need help with someone telling them what to do with their money without controlling their money.