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Study Hall: SOCIALLY RESPONSIBLE INVESTING · Earn Your Leisure

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  Speaker 2: Get into it all right, So now we're going to
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  Speaker 2: go into investing. That's what that's what we You know,
• 1:03
  Speaker 2: people always tune into shots Market Monday's number one stocks
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  Speaker 2: a whole vib Shout out to wall she Chaff of
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  Speaker 2: bro shout out to everybody that we had on the
• 1:16
  Speaker 2: show to talk about investing. Shout out to Quentin Martin.
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  Speaker 2: The first stock market show that we've ever done. That
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  Speaker 2: was over year ago, so we talked about investing a lot, right,
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  Speaker 2: But it's just like now we're in the time of
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  Speaker 2: being socially conscious. We're in the time of actually you know,
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  Speaker 2: and it does. Everybody's not socially conscious, but I'm just
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  Speaker 2: saying as far as a lot of people are starting
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  Speaker 2: to become socially conscious. So a lot of people grapple
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  Speaker 2: because we do. We did a show last weeks shout
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  Speaker 2: out the my song about you know the prison system ye,
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  Speaker 2: and it's like, all right, you know what I mean,
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  Speaker 2: Like I don't feel comfortable investing in being companies that
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  Speaker 2: invested in prison or it's like now it's police brutality
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  Speaker 2: and find out there's a whole financial play behind that.
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  Speaker 3: I think. I think that was so opened the doors
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  Speaker 3: because like a lot of people didn't even realize that.
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  Speaker 3: And shout out to my song because I see him
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  Speaker 3: on the field and he was in Kentucky with the
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  Speaker 3: Breonna Taylor case and now he's in Minnesota with the
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  Speaker 3: George Floyd case too, So shout out to my song,
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  Speaker 3: who's doing incredible work.
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  Speaker 2: Shout out to my song for sure. So all right,
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  Speaker 2: one thing that we have not talked about so far
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  Speaker 2: in the podcast is socially responsible investing. That's all right, Yes,
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  Speaker 2: socially responsible investing. So this is an interesting conversation because
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  Speaker 2: it's actually a really big thing and it's been around
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  Speaker 2: for a very long period of time. But so there
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  Speaker 2: are investors right that have social hang ups about different things,
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  Speaker 2: whether it be about the environment, whether it be about tobacco,
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  Speaker 2: whether it be about gambling, whether it be about war
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  Speaker 2: or another one, weapons of mass destruction, prison companies that
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  Speaker 2: benefit off of prison, health, health.
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  Speaker 3: Care, anybody invested in tobacco, alcohol.
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  Speaker 2: Women, a bunch of different things that people. So it's
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  Speaker 2: like a lot of times just like you know, some
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  Speaker 2: people and I'm not taking this out either way. Some
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  Speaker 2: people's like, you know, I'm gonna invest and just get
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  Speaker 2: my bread, get my money, and it is what it is.
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  Speaker 2: And then some people was like, you know, I kind
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  Speaker 2: of want to still invest make money. I believe in that,
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  Speaker 2: but I still have some moral issues.
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  Speaker 3: Ther moral compass is going on that I.
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  Speaker 2: Don't necessarily want to invest in certain companies.
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  Speaker 3: That's fair.
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  Speaker 2: Yeah, no, I'm not saying it's not so for that,
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  Speaker 2: they're actually funds. There's actually funds now that I said that. Financially,
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  Speaker 2: when you start to learn about more about everything, it's
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  Speaker 2: something it's like ice cream. There's a different flavor for
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  Speaker 2: every single person. So there's actually funds, ETFs and mutual
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  Speaker 2: funds in place to four socially conscious investors.
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  Speaker 3: Yeah, I had to put back the layers on this
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  Speaker 3: because I was like, what you texted to me. I'm like,
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  Speaker 3: I never heard of it. Let's do some research.
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  Speaker 2: Yeah, for sure. So you know, there's there's a few.
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  Speaker 2: Like I said, So those are the different topics like environment, gambling, tobacco, alcohol, prison,
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  Speaker 2: social justice, and religion. That's a whole dif conversations. We're
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  Speaker 2: gonna talk about that, but so just to kind of
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  Speaker 2: give you a few, there's esgu esgu Is an ETF,
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  Speaker 2: a socially conscious ETF that does not invest in any
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  Speaker 2: company that has anything to do with weapons, tobacco, jails,
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  Speaker 2: even though they actually did have a private prison in
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  Speaker 2: their ETF and then they found out and there was
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  Speaker 2: a mistake and they kicked it off. So it's like
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  Speaker 2: even that, it's like you know, you find out you
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  Speaker 2: try to get the kosher hot dogs, police it was
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  Speaker 2: made in a in a pig slaughtering house, Like it's
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  Speaker 2: so crazy, but so yeah, but yeah, that's a ETF,
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  Speaker 2: and that ETF has actually done pretty well, you know,
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  Speaker 2: considering because a lot of a lot of times the
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  Speaker 2: performance of these things aren't as high as other ones,
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  Speaker 2: but that one has done pretty well. It's fifty two
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  Speaker 2: week high is seventy five dollars, and it's fifty two
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  Speaker 2: weeks low was forty dollars a month ago, so March
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  Speaker 2: was forty dollars right now with sixty eight, so it's
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  Speaker 2: it's it's up pretty nicely and in a two in
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  Speaker 2: a two month timeframe. Another one is s s g A,
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  Speaker 2: which is a women diversity ETF and like investing companies
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  Speaker 2: that hire majority women or have women CEOs, it's like
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  Speaker 2: it's focused around women. There's another one called c r
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  Speaker 2: b N which is a low carbon environmental friendly ETF.
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  Speaker 2: So there's there's a variety. Like you can just google
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  Speaker 2: socially conscious funds and like kind of just play around
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  Speaker 2: with it in different filters and you can see, like,
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  Speaker 2: you know, what kind of fun you're looking for, you know,
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  Speaker 2: with the situation.
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  Speaker 3: It's interesting. It's interesting because I'm thinking to myself, like,
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  Speaker 3: how many investors, right, are not willing to compromise their
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  Speaker 3: values to make money? And when you when I think
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  Speaker 3: of investors, I'm like, you know what, I think the
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  Speaker 3: more the moral thing is like, they just want to
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  Speaker 3: make money. Yeah, they don't put everything else. I think.
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  Speaker 2: I think you know, people and myself included. You know,
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  Speaker 2: I'm not preaching from the choir. We can conveniently get blind, right,
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  Speaker 2: conveniently get blind. So it's like, you know what I'm saying,
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  Speaker 2: Like you might see something. It's like it's not that bad.
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  Speaker 3: It's like like if you were anti war, right, and
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  Speaker 3: it was like, yeah, bone's at ninety seven dollars, right,
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  Speaker 3: But I don't want to invest in any company that
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  Speaker 3: has deals with any making machines or any type of
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  Speaker 3: thing that could help in the development of weapons of
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  Speaker 3: mass destruction or helping war. There goes that morale. It's like, wait,
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  Speaker 3: well this is a good buy, right, this is a
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  Speaker 3: good buy at ninety seven dollars. Is it worth it?
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  Speaker 3: You know what I'm saying, Like, I think most people think,
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  Speaker 3: let's just make money.
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  Speaker 2: Oh, they just don't really think about it. You thinking
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  Speaker 2: about it from that under standpoint, It's like, yeah, you
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  Speaker 2: know Boeing has government contracts. Are you thinking that maybe
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  Speaker 2: that government plane is sending a drone and killing an
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  Speaker 2: innocent child in Syria? You're not really looking too far
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  Speaker 2: into it. You could. It's available, but it's a lot,
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  Speaker 2: it's a lot easier to turn the blind and just turnable.
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  Speaker 2: This is what happens in a variety of different things. Yeah,
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  Speaker 2: you don't you don't want to see certain things. Like
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  Speaker 2: you you're walking down the alley, you see what's going on,
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  Speaker 2: you turn your you turn around, and you walked the
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  Speaker 2: out of.
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  Speaker 3: The way a lot of times most of the time,
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  Speaker 3: most of the time, I mean for your own safety
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  Speaker 3: a lot of time.
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  Speaker 2: And like I said, I'm not here to shame. We're
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  Speaker 2: not here to shame anybody.
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  Speaker 3: Nah.
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  Speaker 2: But but I'm just saying, I'm just you just want
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  Speaker 2: to provide some information for some people that may want
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  Speaker 2: to take a higher level of morality in that in
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  Speaker 2: that standpoint, and may want to take a higher level
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  Speaker 2: of weeding out their investments. Just give them, Just give them.
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  Speaker 2: That's the thing we just had to just provide information.
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  Speaker 2: A lot of time people don't fully understand that. They
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  Speaker 2: don't they don't they don't even know that it exist exactly.
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  Speaker 3: So it's like a lot of people in this I
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  Speaker 3: guess the quote unquote woke stage right. So it's like, yo,
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  Speaker 3: if you're woke, let it be in all assets of
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  Speaker 3: your life, right, not just in your individual things that
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  Speaker 3: you're doing on day to day, but even in your investment.
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  Speaker 3: And this is one of those things like like you said,
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  Speaker 3: prior to this, I wasn't thinking about it. I had
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  Speaker 3: no idea.
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  Speaker 2: So and then that brings it to another conversation we
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  Speaker 2: talked to John again. Shout to my son. Last week's
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  Speaker 2: episode was about the prison system. We didn't fully go
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  Speaker 2: into the finances of publicly traded companies, but so there's
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  Speaker 2: prison stocks, like private prison companies that are traded on
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  Speaker 2: the Stock Exchange. So a few of them are cor Civic,
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  Speaker 2: which is c x W and g O Group which
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  Speaker 2: is g E. Oh that's their that's their symbol.
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  Speaker 3: The crazy thing about cor Civic and this is crazy
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  Speaker 3: that you said that we don't even speak about this,
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  Speaker 3: but dal Freeman shout out to Dala Feman. If you
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  Speaker 3: don't know Dalla Freeman. Google him. I don't tell you
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  Speaker 3: his background, but a very very successful man in the
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  Speaker 3: world of technology. Uh. He called me. He said, y'all
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  Speaker 3: loved that episode. Uh, the actual the CEO of Courcific
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  Speaker 3: is my next door neighbor.
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  Speaker 2: Oh yeah.
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  Speaker 3: He was like, Yo, it's a big business and I'm
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  Speaker 3: glad y'all talked to me episode. Yep, loved it. Sent
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  Speaker 3: me the message and that. I was like, wow, that's incredible.
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  Speaker 3: He was like, yeah, it's a big business. It's a city. Literally.
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  Speaker 3: You got to think of these prisons, these private business
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  Speaker 3: as cities. They need everything that a city needs. And
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  Speaker 3: when you look at it like that, it's like damn.
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  Speaker 3: He's right. Yeah, and his next door neighbor is the
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  Speaker 3: guy who is in charge of that.
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  Speaker 2: Well, there you have it. So yeah, those are two
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  Speaker 2: private prison companies. Now. The crazy thing about those stocks,
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  Speaker 2: so it's been even on that episode, my song had
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  Speaker 2: said that private prison stocks skyrocketed after Trump got elected.
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  Speaker 2: That is true. Both of those companies are think one
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  Speaker 2: up over one hundred percent in the year following Trump's election,
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  Speaker 2: but they've actually been down for the last like three
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  Speaker 2: year and four Like their five year chart is not
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  Speaker 2: really impressive, which is a good thing. I mean, you know,
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  Speaker 2: but just wanted to throw that out there. We have
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  Speaker 2: to tell both sides of the story. So as an investment,
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  Speaker 2: they haven't really they're not booming. They're not booming right now.
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  Speaker 3: Which is good, which is good, which means that there's
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  Speaker 3: less people going to prison.
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  Speaker 2: Well, I don't know if there's less people going to prison.
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  Speaker 2: But for whatever reason, the stock is just not doing well.
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  Speaker 2: There could be a variety of different reasons why this
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  Speaker 2: stock isn't doing well, but the stock is not really performed.
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  Speaker 2: But what a lot of people don't fully understand is
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  Speaker 2: that a lot of people are invested in especially cor Civic.
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  Speaker 2: Up until last year, at the very least, a lot
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  Speaker 2: of people are invested in Corsific without even knowing it
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  Speaker 2: because through your four one K, through your IRA, through
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  Speaker 2: your pension plan. So Vanguard and Blackrock were the two
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  Speaker 2: biggest holders I think they still are of private prisons stocks.
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  Speaker 2: Black Rock Vanguard two of the biggest mutual fund companies.
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  Speaker 2: Everybody loves Vanguard because they have you know, It's what
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  Speaker 2: I'm saying, it's a lot of It's a lot of
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  Speaker 2: right and wrong in life. Right people love Vanguard because
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  Speaker 2: it's like it's a no load fund and it's pretty
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  Speaker 2: much free to invest, and it's it's cheap, and they're
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  Speaker 2: the biggest hold of prison stocks. By the way, they
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  Speaker 2: also have a lot of four one K accounts. Black
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  Speaker 2: Rock has a lot of four one K accounts, right,
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  Speaker 2: so cour Civic see XW was in a lot of
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  Speaker 2: these probably still are, and a lot of these four
• 11:04
  Speaker 2: to one K make ups because when you invest in
• 11:06
  Speaker 2: a four one K, nobody knows what they're invested in.
• 11:07
  Speaker 2: The four one K you have probably three like four
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  Speaker 2: one K is like a menu and they give you
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  Speaker 2: like twenty different options of how to invest, right, twenty
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  Speaker 2: different funds. Now within one fund, it's like one hundred
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  Speaker 2: different stocks inside of a fund. So if you have
• 11:21
  Speaker 2: like three different funds, you have like three hundred different
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  Speaker 2: stocks inside of your four one K that's you're invested in.
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  Speaker 3: You doing research on all of them.
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  Speaker 2: Now, I guarantee you nobody knows any of those companies.
• 11:31
  Speaker 2: Nobody knows any of those companies, right because you never acts.
• 11:35
  Speaker 2: It's not like just listed as soon as when you
• 11:37
  Speaker 2: they just tell you the name of the company. So
• 11:39
  Speaker 2: it'll be like Vanguard twenty twenty fund or Vanguard High
• 11:44
  Speaker 2: Interest Bond fund or Vanguard small Cap Value fund. Right,
• 11:51
  Speaker 2: that's the name of the fund. But inside of the
• 11:53
  Speaker 2: small cap value fund, it's about one hundred and forty
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  Speaker 2: different stocks.
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  Speaker 3: And that's when you get that big pamphlet that comes
• 12:01
  Speaker 3: to your house like that. Probably nobody ever goes through. Yeah,
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  Speaker 3: and there's a bunch of these stocks, and you're like,
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  Speaker 3: all right, well did I make money or not?
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  Speaker 2: Pretty much? Pretty much?
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  Speaker 3: You know what I'm saying. Nobody's individually looking into one
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  Speaker 3: hundred and forty different stocks and then actually researching those
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  Speaker 3: stocks to see if they align with their values and moralities.
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  Speaker 3: This is not happening.
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  Speaker 2: No, it's not. But you can't say that you didn't
• 12:23
  Speaker 2: know at least because we told you. So you know,
• 12:27
  Speaker 2: if you're interested in it, you can do some further research.
• 12:30
  Speaker 2: But so, just want to talk about the prison thing,
• 12:32
  Speaker 2: because we did speak about that last week, and.
• 12:33
  Speaker 3: It's some other things to know about these srs. They
• 12:37
  Speaker 3: tend to have a higher fee than regular funds, and
• 12:41
  Speaker 3: so I was like, what doesn't make sense. Why, Well,
• 12:43
  Speaker 3: the mutual fund has the person who's providing the fund
• 12:46
  Speaker 3: actually has to do more research, So there's more work
• 12:49
  Speaker 3: that the person has to do. Right, if they're gonna
• 12:51
  Speaker 3: do things that match your core values and your moralities,
• 12:54
  Speaker 3: it's like they have to find ethnical things that will
• 12:57
  Speaker 3: work for you. So there's a little bit more research.
• 13:00
  Speaker 3: Tend to be a little bit higher. And there's there's
• 13:02
  Speaker 3: a site that you can go if you're in social
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  Speaker 3: responsibility investing. Social funds dot Com is the website, so
• 13:08
  Speaker 3: you can go research on yourself. So that that's one
• 13:10
  Speaker 3: thing that you should do. Obviously, do the research and
• 13:12
  Speaker 3: then know your values. A lot of people don't know
• 13:14
  Speaker 3: their own values, so like when they're trying to invest,
• 13:16
  Speaker 3: it's like, well, I believe there's know your own values
• 13:18
  Speaker 3: before you're going to go into this type of fun.
• 13:20
  Speaker 3: All right, so do the research. I just gave you
• 13:23
  Speaker 3: the website. And another thing is a lot of times
• 13:25
  Speaker 3: and we've said this website again, social funds dot com.
• 13:29
  Speaker 3: So you can go there on your own leisure and
• 13:31
  Speaker 3: do some research there. But one of the things that
• 13:33
  Speaker 3: it brought to my mind is like we talk about
• 13:36
  Speaker 3: diversifying when we're investing, right, but like this type of
• 13:39
  Speaker 3: fund doesn't It kind of doesn't allow you to do
• 13:41
  Speaker 3: that right, because if you're aligning everything with your values,
• 13:44
  Speaker 3: isn't everything kind of going to be the same if.
• 13:46
  Speaker 2: You no, No, you can invest in a variety of different
• 13:48
  Speaker 2: companies that don't that still align with your values, Like
• 13:52
  Speaker 2: you know what I'm say, It could be different industries.
• 13:54
  Speaker 2: Like it's just it's just hard, like you said, because
• 13:56
  Speaker 2: it's like you've really got to go through every single
• 13:58
  Speaker 2: fine because it's like, all right, you're invested in a
• 14:02
  Speaker 2: tech company, but it's this tech company providing software for
• 14:07
  Speaker 2: weapons of mass destruction. So now it's just so much
• 14:11
  Speaker 2: more and earners.
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• 17:01
  Speaker 2: Need intensive research that you have to do, which is
• 17:05
  Speaker 2: the fund manager's job. But you can still invest in
• 17:07
  Speaker 2: a variety like you can invest in tech. You can
• 17:10
  Speaker 2: invest in you know, farming, you can invest in financial
• 17:14
  Speaker 2: institutions like you can invest in different companies. It's just
• 17:17
  Speaker 2: that those different companies have to be in line with
• 17:20
  Speaker 2: what you feel comfortable with.
• 17:21
  Speaker 3: I would imagine that these funds are managed by very
• 17:25
  Speaker 3: very small companies. This feels like a niche thing that
• 17:27
  Speaker 3: like very small companies do.
• 17:29
  Speaker 2: No, Actually Vanguard has well right, right.
• 17:31
  Speaker 3: Right, you're right, you're right, Kanguard, that's a big one.
• 17:34
  Speaker 2: So yeah, yeah, But so going to what you just
• 17:38
  Speaker 2: said as far as the niche, so there's different layers
• 17:42
  Speaker 2: of socially responsible fund as well. Like I said, your leision,
• 17:45
  Speaker 2: we just had to provide as much information as we
• 17:47
  Speaker 2: possibly can till every cause there's so many different types
• 17:49
  Speaker 2: of people in this world. So you got the socially
• 17:52
  Speaker 2: conscious people that don't want to invest in those things.
• 17:55
  Speaker 2: But religion is a huge thing in this world, and
• 17:58
  Speaker 2: now you have religious people who can't or do not
• 18:02
  Speaker 2: want to invest in certain things because of their religion.
• 18:05
  Speaker 2: So now you have funds for that. It's fun for everything.
• 18:09
  Speaker 2: So you have Christian funds like Guidestone is a Christian
• 18:14
  Speaker 2: fund and that's dedicated to invest in companies that have
• 18:19
  Speaker 2: core Christian values. Kind of a vague situation, but you
• 18:24
  Speaker 2: know that's what that's designed for. You can do some
• 18:26
  Speaker 2: research and kind of do you have AVE Maria, which
• 18:33
  Speaker 2: is a Catholic fund. There's a few Catholic funds, so
• 18:36
  Speaker 2: av Maria is Rising Dividend Fund. That's a that's one
• 18:40
  Speaker 2: of their their popular funds, and that's a Catholic fund.
• 18:44
  Speaker 2: So you know, Catholics, they're really big on like you know,
• 18:47
  Speaker 2: abortion and a couple other things. That's like real sticklers
• 18:51
  Speaker 2: for the Catholic Church. So they only invest in companies
• 18:54
  Speaker 2: that align with Catholic values. And then so just coming
• 19:00
  Speaker 2: off the month of Ramadan, we have a large listenership
• 19:04
  Speaker 2: all over the world and that includes America, which is
• 19:08
  Speaker 2: their huge Muslim population. There's a huge Muslim population in Africa,
• 19:13
  Speaker 2: huge Muslim population in Europe of course the Middle East.
• 19:17
  Speaker 2: So we have to say Issalam malakam to all of
• 19:19
  Speaker 2: the Muslims that tune in. And one thing about Islam
• 19:24
  Speaker 2: is that that's actually you know, part of the religion
• 19:29
  Speaker 2: is sharia law. Sharia law, so people have a misunderstanding
• 19:33
  Speaker 2: a lot of times of what sharia law is. We're
• 19:35
  Speaker 2: not going to go into a full but part of
• 19:37
  Speaker 2: it is investing, like there's actually guidelines so it's not
• 19:40
  Speaker 2: really up for like vague interpretation like if you really
• 19:45
  Speaker 2: are a hard liner in the religion, there's financial guidelines
• 19:49
  Speaker 2: of how you can invest. So like interest is outlawed
• 19:53
  Speaker 2: in Muslim countries. So Shatnez our good friends Egypt, and
• 19:58
  Speaker 2: I was over house yesterday and she was telling me
• 20:00
  Speaker 2: that there's no there's no mortgages in Egypt. No mortgages
• 20:04
  Speaker 2: in Egypt. You just buy the land. So interests, interest
• 20:08
  Speaker 2: is outlaw. You're not allowed to charge anybody interest. That's
• 20:11
  Speaker 2: one thing, right. Of course, if you're familiar with the religion,
• 20:14
  Speaker 2: you know that. You know alcohol is outlawed. A variety
• 20:19
  Speaker 2: of different factor is gambling. There's no gambling. Gambling is outlawed.
• 20:23
  Speaker 2: So in Islam you have halal and haram. Haram is forbidden,
• 20:30
  Speaker 2: Halau is allowable. That's like deemed okay, so now you.
• 20:35
  Speaker 3: Have to actually look that up. That was crazy on
• 20:38
  Speaker 3: the Jatronic album.
• 20:39
  Speaker 2: Okay, yeah, so now you have you have halal funds.
• 20:43
  Speaker 2: One of the most popular funds is called a man
• 20:46
  Speaker 2: of fund. So the man of fund is a mutual
• 20:48
  Speaker 2: fund based around Sharia law which is halal and allows
• 20:53
  Speaker 2: Muslims that if you want to, if you want to
• 20:55
  Speaker 2: follow those guidelines, that you can actually invest in and
• 21:00
  Speaker 2: the Hamana Fund only invest in allow companies, meaning companies
• 21:05
  Speaker 2: that don't partake in gambling, companies that don't partake and
• 21:10
  Speaker 2: interest interest bearing accounts companies that don't partake in alcohol,
• 21:15
  Speaker 2: a variety of other things as well. So that's something
• 21:19
  Speaker 2: that is a big play as well, because like I said,
• 21:21
  Speaker 2: I mean, no matter what religion you follow, if you're Jewish,
• 21:25
  Speaker 2: they have culture funds as well. It's the same thing
• 21:27
  Speaker 2: kulshure and alal kind of the same thing as far
• 21:30
  Speaker 2: as like the meaning of it, where like Jewish people
• 21:34
  Speaker 2: have like if you're a strict hardline jew you are
• 21:38
  Speaker 2: only really supposed to indulge in kulshure. But culture is
• 21:41
  Speaker 2: more than just food.
• 21:43
  Speaker 3: Right, I think that that's a crazy misconception that people
• 21:46
  Speaker 3: only think it's a food.
• 21:46
  Speaker 2: Then the same thing with allow, like you see to
• 21:48
  Speaker 2: allow guys or to allow truck. So people when they
• 21:50
  Speaker 2: they think about allow, especially like if you live in
• 21:52
  Speaker 2: New York City or like, like you're pretty popular, it's
• 21:54
  Speaker 2: pretty popular allow food. And that is a certain way
• 21:58
  Speaker 2: where the food the animals you know, slaughtered and you
• 22:02
  Speaker 2: say a prayer and certain things, and the same thing
• 22:04
  Speaker 2: with culture. But that's only part of it. So like
• 22:06
  Speaker 2: with the culture, that's only part of it, Like you know,
• 22:09
  Speaker 2: as far as like the same kind of idea, and
• 22:13
  Speaker 2: like I said, that's that's true with a variety of
• 22:15
  Speaker 2: different religions where it's like, you know, depending on what
• 22:18
  Speaker 2: religion you subscribe to, that might you know, have a
• 22:24
  Speaker 2: play in how you choose to invest. So those are
• 22:28
  Speaker 2: all things to think about as well.
• 22:29
  Speaker 3: I know they listening like Yo, damn Shitty's sounds like
• 22:31
  Speaker 3: a history professor. This dude literally studies religion like no joke.
• 22:35
  Speaker 3: And anybody that knows has ever had a conversation with him,
• 22:38
  Speaker 3: they know, like he loves talking about religion. Shout out
• 22:41
  Speaker 3: the val who always brings it up. She always talks
• 22:44
  Speaker 3: about how you've taught us so much about the world.
• 22:46
  Speaker 3: But yeah, I know this is one of your sweet points.
• 22:47
  Speaker 2: So history has been my favorite subject since I was
• 22:49
  Speaker 2: a little kid.
• 22:50
  Speaker 3: Definitely.
• 22:50
  Speaker 2: I took a history of religion class when I was
• 22:53
  Speaker 2: in college and I never study, never got one broken,
• 22:55
  Speaker 2: got an A plus because I just already knew so
• 22:57
  Speaker 2: much about religion, all religions. I'm just fascinated by you know,
• 23:01
  Speaker 2: I think it's interesting to learn about Christianity, Islam, Judaism, Buddhism, seek.
• 23:08
  Speaker 2: I have friends that are all different religions, and you know,
• 23:12
  Speaker 2: for me personally, I don't think that there's any one
• 23:16
  Speaker 2: religion that is reigned supreme. It's whatever you know, you
• 23:20
  Speaker 2: feel comfortable with. I'm not here to judge, but I
• 23:23
  Speaker 2: just you know, I always found religion interesting because I
• 23:26
  Speaker 2: realized how how touchy it is, and it's like people
• 23:29
  Speaker 2: die over their religion, and people will kill you over
• 23:31
  Speaker 2: their religion, and it's like you can't play around. Why
• 23:33
  Speaker 2: we don't really talk about religion too.
• 23:34
  Speaker 3: Much, and some people don't want to be separated from.
• 23:36
  Speaker 2: You can't play around with religion. So it's like it's interesting.
• 23:40
  Speaker 2: It's interesting to me, it's fascinating. So I try to
• 23:43
  Speaker 2: learn as much about religion as I possibly can because
• 23:45
  Speaker 2: I feel like a lot of times, most of the time,
• 23:47
  Speaker 2: we just we follow whatever religion we're born into. And
• 23:50
  Speaker 2: that's not really a belief system. That's more superstition. When
• 23:53
  Speaker 2: you when you believe in something that you don't fully understand,
• 23:55
  Speaker 2: is superstition.
• 23:56
  Speaker 3: You've been You've been bred to believe that.
• 23:58
  Speaker 2: Stevie Wonder said that, So now when you have a
• 24:01
  Speaker 2: full understanding of things. Not only does it open your
• 24:04
  Speaker 2: perspective and make you more open to the world, but
• 24:07
  Speaker 2: at least even in the thing that you do fully
• 24:09
  Speaker 2: believe in, you can actually believe in it as opposed
• 24:12
  Speaker 2: to just doing it because everybody in your family does
• 24:16
  Speaker 2: it and you feel like you're going to be cursed
• 24:17
  Speaker 2: if you don't do it.
• 24:18
  Speaker 3: You've been you've stunned research on your own, You've allowed
• 24:22
  Speaker 3: yourself to critically think, You've allowed yourself to analyze, and like,
• 24:25
  Speaker 3: that's the goal in life, right, allow yourself and allow
• 24:28
  Speaker 3: others to freely think and freely choose. You know what
• 24:31
  Speaker 3: I'm saying. I think that is as an educator, like,
• 24:34
  Speaker 3: that's the number one thing I'm looking for. Can I
• 24:36
  Speaker 3: allow these students to critically think for themselves? And we
• 24:39
  Speaker 3: should have that same mindset when it comes to our
• 24:41
  Speaker 3: family and our children.
• 24:42
  Speaker 2: That's a fact. So the last thing with the stocks,
• 24:45
  Speaker 2: this is pretty disturbing and it's all a financial place.
• 24:49
  Speaker 2: So now people might want to invest in black own company.
• 24:52
  Speaker 3: It's like black, who are there?
• 24:54
  Speaker 2: Invest in Black? But frombing investing standpoint, it's like, what
• 24:59
  Speaker 2: if I want to invest money in the stock market,
• 25:01
  Speaker 2: but I want to invest in black owned companies.
• 25:03
  Speaker 3: A lot of people want to do that, right, we
• 25:05
  Speaker 3: we buy black, shout out to them, Yeah, shout out
• 25:07
  Speaker 3: to me by black those my people, good good people.
• 25:10
  Speaker 2: So all right, it's like a black owned fund, I
• 25:14
  Speaker 2: couldn't find any, like a black ETF or a black
• 25:17
  Speaker 2: mutual fund that only has black companies. Couldn't find anything.
• 25:20
  Speaker 3: Yeah, and maybe there are someome I couldn't find any either,
• 25:23
  Speaker 3: but maybe there are some.
• 25:24
  Speaker 2: Well. I think the reason why there are none that
• 25:26
  Speaker 2: I could find is that out of four thousand stocks
• 25:30
  Speaker 2: on the New York Stock Exchange, twelve are black companies. Twelve.
• 25:35
  Speaker 2: That is so disturbing that that's a whole different conversation.
• 25:38
  Speaker 2: You're talking about economic and that's what people don't fully understand.
• 25:41
  Speaker 2: It's like black people are so far behind. It's just
• 25:45
  Speaker 2: it's almost it's amazing. It's like it's like running a
• 25:48
  Speaker 2: marathon and you like twenty three miles in and you
• 25:53
  Speaker 2: just started the race, and somebody else is twenty three
• 25:55
  Speaker 2: miles in.
• 25:56
  Speaker 3: So it's like we're on a treadmill. There's a marathon
• 25:59
  Speaker 3: going on. We don't treadmill.
• 26:00
  Speaker 2: That's not even one percent. That's less than one percent.
• 26:03
  Speaker 2: Twelve twelve out of four thousand companies are publicly traded.
• 26:08
  Speaker 2: So you were talking about economic empowerment, and it's like
• 26:12
  Speaker 2: a lot of times it's on a broad on a
• 26:14
  Speaker 2: small scale when you start looking at it from a
• 26:16
  Speaker 2: large scale as far as like companies and billions of
• 26:19
  Speaker 2: dollars and things of that nature, and like publicly traded companies,
• 26:22
  Speaker 2: there's twelve out of four thousand.
• 26:25
  Speaker 3: Yeah, like diversity, I mean, it's crazy. And during the research,
• 26:31
  Speaker 3: I actually, you know, I was proud to find out
• 26:33
  Speaker 3: that I'm actually invested in one be well, not invested,
• 26:35
  Speaker 3: but I do business with one at least, And I
• 26:37
  Speaker 3: was I'm looking at the other ones. I'm like, I
• 26:39
  Speaker 3: don't even know these. I don't even know these, So
• 26:41
  Speaker 3: you want to run down field?
• 26:42
  Speaker 2: Yeah, I got four that I people might know. Citizens
• 26:45
  Speaker 2: with their symbol is c z b ES.
• 26:50
  Speaker 3: That's what I actually have my mortgage through. So not
• 26:53
  Speaker 3: that I'm invested in it, but we do business together.
• 26:55
  Speaker 2: Yeah. Citizens is a black owned bank.
• 26:57
  Speaker 3: Yeah.
• 26:58
  Speaker 2: For one, like the number one, and that is formally
• 27:04
  Speaker 2: used to be Urban one, which is a radio No,
• 27:07
  Speaker 2: it's Urban one. For to one is Urban one and
• 27:10
  Speaker 2: it used to be Radio one. It's a radio syndicate
• 27:13
  Speaker 2: No r LJ, which is a lodging lodging company owned
• 27:19
  Speaker 2: by Robert Johnson, former owner of BT, former owner of
• 27:23
  Speaker 2: the Bobcats.
• 27:26
  Speaker 3: First billionaires, black billionaire, Yeah, I think so.
• 27:32
  Speaker 2: And then Carver Bank another black owned thing. There's a
• 27:35
  Speaker 2: few black owned banks, Yeah, Carver Bank.
• 27:37
  Speaker 3: Which is encouraging that they have. We have black owned
• 27:41
  Speaker 3: banks that are being publicly traded.
• 27:42
  Speaker 2: That's important. You want to list a few others.
• 27:45
  Speaker 3: Well, we have the same one so.
• 27:47
  Speaker 2: But so yeah, so but the so. Not only is
• 27:50
  Speaker 2: this discouraging as there's only twelve, even more so discouraging
• 27:54
  Speaker 2: than that. It's like you look at these charts, looked
• 27:55
  Speaker 2: at all of their charts. None of them have good charts,
• 27:58
  Speaker 2: none of them. None of them you look at Ian's
• 28:01
  Speaker 2: technical analysis would be buyas as far as if you
• 28:04
  Speaker 2: want to make money, they've all been. They haven't. They don't.
• 28:07
  Speaker 2: They're not doing well. As far as on the stock,
• 28:09
  Speaker 2: the stock has not done well for five years. Are
• 28:12
  Speaker 2: looking at a five year chart and it's not good.
• 28:14
  Speaker 3: And it's going to be tough to find that a
• 28:16
  Speaker 3: lot of these companies have a ten year chart or
• 28:18
  Speaker 3: a twentieth even sometimes it goes back to the history
• 28:20
  Speaker 3: thirty year chart. A lot of these companies that doesn't exist.
• 28:25
  Speaker 3: It just doesn't exist.
• 28:26
  Speaker 2: Yeah, I don't even know what to say about that.
• 28:27
  Speaker 2: That's just that's something just to like as far as
• 28:30
  Speaker 2: working forward to something.
• 28:32
  Speaker 3: But that's I mean, a lot of that has to
• 28:33
  Speaker 3: do with a lot of systematic things that were put
• 28:35
  Speaker 3: in place so that it couldn't exist. We won't want
• 28:37
  Speaker 3: to ignore that fact, right, So having our own private
• 28:40
  Speaker 3: own company, or even having a black owned bank systematically
• 28:43
  Speaker 3: in America for years, that wasn't even a possibility. So
• 28:46
  Speaker 3: there are reasons why we don't have a long history
• 28:48
  Speaker 3: of it. So let's not ignore that fact. But like
• 28:50
  Speaker 3: I said, when we go back to the history of
• 28:52
  Speaker 3: some of these companies that we look at, we do
• 28:53
  Speaker 3: look at the ten year chart, we do look at
• 28:55
  Speaker 3: twenty year or the history of the company's chart, and
• 28:57
  Speaker 3: that's just not available right now for these companies.
• 29:00
  Speaker 2: Yeah, so you know that's some information if you're interested
• 29:03
  Speaker 2: in socially responsive funds, religious funds, black owned companies, you know,
• 29:09
  Speaker 2: just a different different take on investing. Because we talked
• 29:11
  Speaker 2: about investing a lot, so we just want to just
• 29:13
  Speaker 2: give people a different a different take on it, and
• 29:16
  Speaker 2: you can kind of do whatever you want with the information,
• 29:18
  Speaker 2: but you know, hopefully that that that shines some light
• 29:22
  Speaker 2: good and bad, good and bad, because everything's not going
• 29:24
  Speaker 2: to be a good story sometimes, you know, it's just
• 29:27
  Speaker 2: the news is just that we have to just report
• 29:29
  Speaker 2: what it is. And it's not always it's not always encouraging,
• 29:33
  Speaker 2: but sometimes you need stuff that's not encouraging to encourage you.
• 29:38
  Speaker 2: So hopefully some of the information, especially with the black
• 29:40
  Speaker 2: owned publicly traded company, hopefully somebody listening to this and
• 29:46
  Speaker 2: make it a goal and have it and have their
• 29:48
  Speaker 2: company be the stock that everybody wants to invest in,
• 29:51
  Speaker 2: not just a token company that's on the stock exchanged
• 29:54
  Speaker 2: that nobody's invested in, that is just going nowhere. We
• 29:57
  Speaker 2: not only my goal is to have a publicly trade company.
• 30:00
  Speaker 2: My goal is to be bigger than Amazon, bigger and
• 30:03
  Speaker 2: Apple biggin in Google.
• 30:04
  Speaker 3: Hey, we need that type aspiration in our community. Why
• 30:06
  Speaker 3: we need it? Why not?
• 30:07
  Speaker 2: Somebody gotta do it?
• 30:08
  Speaker 3: Yeah, we make these We make a lot of those
• 30:10
  Speaker 3: companies what they are, so we can make our own.
• 30:13
  Speaker 2: That's a fact.
• 30:16
  Speaker 4: An illegal alien from Guatemala charged with raping a child
• 30:19
  Speaker 4: in Massachusetts. An MS thirteen gang member from Al Salvador
• 30:23
  Speaker 4: accused of murdering a Texas man of Venezuelan charged with
• 30:28
  Speaker 4: filming and selling child pornography in Michigan. These are just
• 30:32
  Speaker 4: some of the heinous migrant criminals caught because of President
• 30:35
  Speaker 4: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 30:39
  Speaker 4: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 30:44
  Speaker 4: crossings are at the lowest levels ever recorded, and over
• 30:47
  Speaker 4: one hundred thousand illegal aliens have been arrested. If you
• 30:51
  Speaker 4: are here illegally, your next you will be fine nearly
• 30:55
  Speaker 4: one thousand dollars a day, imprisoned and deported, you will
• 30:59
  Speaker 4: never return. But if you register using our CBP home
• 31:02
  Speaker 4: app and leave now, you could be allowed to return legally.
• 31:06
  Speaker 4: Do what's right. Leave now. Under President Trump, America's laws,
• 31:11
  Speaker 4: border and families will be protected.
• 31:14
  Speaker 3: Sponsored by the United States Department of Homeland Security,