Dr. Boyce Watkins on Why African Americans Avoid Stock Market

[@vladtv]

The difference between rich people and poor people when it comes to investing: Poor people want to double or triple their money, and take risky investments. Drugs, casino games, lottery tickets, stock options, pyramid schemes, restaurants, credit card scams, your friend's crazy business idea, sports betting, movies, penny stocks, inventions, music - all these are investments that are geared for you to lose in the long run. I've done multiple things on this list myself over the years, so I speak from experience. I won't say which ones. Rich people's main goal is to preserve the money they already have, and slowly grow it. A rich person would gladly invest in something that makes 10% per year. A poor person would feel like they're losing out.

[@thomasbowers887]

***** hey Vlad i know you get alot of views on these racially charged conversations with individuals that feel they have a need answer for a whole skin tone, do you ever sit back and think about the tension you cause in the streets on a daily basis by using your platform to ignite a racial divide in this country? Where are all the white people that get to justify their views? why is your platform so pro black vs white? wheres my interview about black privilege...

[@cheakai-borbor3489]

Thomas Bowers what is Black Privilege sir.

[@thomasbowers887]

Chea Kai-Borbor the privilege to be racist in the name of white oppression. (which doesn't exist)

[@Jaymylez]

Thomas Bowers white oppression doesn't exist? what are you basing that on? cause you cant be basing it on economic ,social, and psychological evidence. and if you think ***** is creating more of a tension then say the gov, police, banks, justice system, schools, then your being willfully naive my friend

[@thomasbowers887]

Jaymylez lmao bro ill wait for your evidence. im pretty sure the 1% isnt only white... and yes ***** does feed the trolls with lord jamar and uncle phill (boyce watkins) interviews that have obvious racial undertones when theres no need for one... no where did i state that hes doing more than the gov. but hes doing his part to keep what should be dead topics current in your brain. so yeah ***** is the feds..just like noisey

[@Hollablackgirl93]

I just started investing in the stock market, and I've already made money on my money. I was lucky because I worked for Morgan Stanley's call center and when I would see these people having millinions in their accounts I wanted that to be me. Black people, instead of buying 200 on Jordan's or a flat screen TV, learn about stocks, mutual funds, penny stocks. Stop gambling, stop buying 30 dollar bottles of Hennessy. Lets get it people! We got this, lets build generational wealth.

[@Hollablackgirl93]

also, don't just listen to Dr. Boyce, you must diversify your funds, read books on this, listen to a podcast.

[@kattieshack]

stop putting black people in a box. You can tell them stop wasting their money but to actually say stop spending your money on hennesy and flat screen tv's is very racist. black people dont live like this some do but not all.

[@Hollablackgirl93]

God&Warrior Ok, if it doesn't apply let it fly. Damn, cant win with y'all, got damn. Nothing I said was to demean blacks but lets be real here. Blacks have a trillion dollars in buying power yet we own 1% of Americas wealth so we're fucking up somewhere, am I right?

[@Hollablackgirl93]

WOWQueen Yes!! so proud of you, good luck!

[@Zara_Luna]

Good for you Denise! thank you for sharing your experience with stocks. I am ready to learn and become coach-able. Are you into compound interest? I'm a fan of Dave Ramsey .Any great podcasts to learn about stocks?

[@TheDopestEthiopian1]

The greatest risk is not taking one

[@IGStrangDaKang]

✊🏾✊🏾✊🏾

[@tessatrujillo988]

amen.

[@lloydhudson6463]

Absolutely!

[@raymondadams2264]

Love that

[@andheardstudios8089]

There is a risk in everything...but it's a bigger risk going to go to the casino than it is trading stock....

[@nazsect]

Also with renting NOT everybody wants to live up under, above or next to a bunch of other people. Apartment walls are usually paper thin. Living in a home it's just you. I'd gladly pay just for the privacy.

[@ylisn6483]

Naz-Sect Publishing, LLC I thought the comparison was renting a house vs mortgaging a similar house. I don't think it was specific to apartments.

[@devoncooper1000]

successful people make wise investments and don't concern themselves with other people's gossip or small minded ignorance. Rich minded people seeks to own something of value. regardless of color

[@JerusalemIfi4getU]

“A society grows great when old men plant trees whose shade they know they shall never sit in.”

[@jasonyoung4529]

Owning property is the number one step to wealth. Paper money means nothing. Land has always held value throughout history

[@paystyles5429]

💯

[@bertyblast2]

Stock are pieces of properties.

[@BiggieSmalls946]

@@bertyblast2 stocks are units of ownership to a company. Property is the best asset in general. There's always a demand for property and it's secure

[@nwqb17]

Planting seeds...instead of Jordan Collections. Yes F'in Sir.

[@EvangelistRBColbert]

Amen!!!!

[@xSalamz]

Knowledge is power.

[@zrcjhf]

Yeah but if you don't put actions behind it , knowledge is useless

[@xSalamz]

clifford suprerman I some what agree but you do not have to be loud about it.

[@LlewellynvonHellen]

+clifford suprerman Only a fool would say that knowledge is useless. There's no situation in which knowledge is useless.

[@TCthaCrisis]

"Power is power" - Cersei Lannister, Game of Thrones

[@lindaparker6102]

clifford suprerman Sir Knowledge is definitely Power, will take you down astronomical Avenues !!!

[@baldheadjamaican2551]

The renting vs owning is always going to be a back and forth battle. I just bought my first house and 1 of the main reason for me buying is my mortgage is cheaper then the rent in my area. To me any business venture or loan u doing is a scam. I believe it's always better to own then rent due to the fact that u can always rent your home out depending on you're location and built equity. Plus when u pay off the house u can pass it down to you're kids. That's how u start to built wealth. Renting does sucks because 1 you're always moving to look for a cheaper place because the rent keeps going up. 2 if you lived in a apartment for 30 years or most of your life u could have been paid off a house. 3 you will never own a apartment and your always making someone else richer which I don't like doing but I got too. Remember be the Lord of your land.

[@traviswatson7358]

Great Points man!! I know it was 4 years ago, but I love your way of thinking. My wife and I purchased a home back in 2003 for 136k and sold it last year for 199k. We netted 40k after agent and closing fees. Now my wife and I are working on our Real Estate License so we can purchase a few properties w/out all those fees and then rent/hold for 10-15 years and then sell or hold onto them and pass it down to our children when we pass away.

[@warrenholly2200]

I've been blessed that I have an advocate that truly puts me first and he has some decent weight behind him so I have found my rent going down some years.

[@johnjacobjingleheimerschmi2070]

Plus u avoid all the rules that come with renting in some places for example no one else can stay in the apartment or they have to be put on the lease.

[@saidahd1522]

Invest your money first then use a percentage of that to buy the house whether you pay it off or you put down a big down payment

[@scorpion777silvermoon3]

Ut was like Vlad had him tongue tied Boyce was weak

[@MawuliWare]

A house is not an investment it is a place to live it's only an investment when you are the landlord.

[@SSJ_Glohan]

Need more interviews like this

[@vladtv]

Trigga Tray more on the way

[@user-ou8ut7df8p]

djvlad yeah, just not from dumb fucks like this

[@emilio2647]

@@vladtv I would really like to see Joe Rogan on the podcast.

[@CorneliusSmalleliterealtor]

I find it funny when I hear someone say real estate is a scam, but yet they either own real estate themselves and are making money or have never owned real estate and are just above the poverty level. Yes, you can make money in the stock market but the average Joe, knows nothing about stocks and will never put 100k into anything. I'm biased because I'm a realtor, most of my business is derived from investors, who just like with stocks, buy low with cash and sell high or rent out and hold onto reaping the trickle affect. Their smaller rental properties pay the mortgage on the nice big house, car, tuition for their kids and allowed some to leave corporate to start their own business. Even as I type there is someone calling right now trying to rent one of my personal properties. you don't feel the strain of paying a mortgage if someone else is paying it for you. There are many ways to build wealth in real estate, you just have to figure out what works for you.

[@mdeezy247]

+Cornelius Small I'm a realtor also and I was thinking the same thing..... owning property is power as long as you know how to do it right!

[@SoRealSoReal23]

I'll say this. None of this will work if you don't have a good understanding of how to calculate the risk/reward in investments. I wouldn't trust a bank to look out for my best interest if they stand to gain whether I lose or win. Do ALL the research you can before even considering investments.

[@eldridgedyson696]

SelfMadeMan_ where do you do your research? If you do not want to share it on this platform send it to @mrlearnsumthnknew on Instagram dm me

[@antitonysmith]

“Own something or something will own you”. Classic!!! 🤣🤣🤣😭

[@luvbig41]

Wow he hit home with how perceive risk. I was just talking to someone the other day that although I hate my job it is stable. I am afraid of leaving because I fear all the perceived things that could go wrong.

[@mixedpunch]

I think you need to be in BOTH real estate and the stockmarket. And that's pretty much what Dr Boyce Watkins says.

[@jonathanwallace6667]

First off, it doesn't take 30 yrs to pay off a 30 yr mortgage. One extra yearly payment on principal knocks 7 yrs off a mortgage. Each month throw an extra $25 or more on principal plus make an extra payment at the end of each yr. Can cut that time in half or more.

[@sammysosa604]

That’s still like 21 years 🤣🤣🤣

[@Schrankerle]

​@@sammysosa604 You are correct, that is still a long time, but Jonathan makes a point. So instead of $25, get a roommate and charge him $400/month. Take $300 of that and throw it as an extra payment on the principle each month. Then take the $100 you have left and take your girl out for a steak dinner.

[@karimbennett5651]

Vlad is nuts if he thinks it's better to pay rent for 30 years than to buy and take a mortgage until the house is paid off.

[@Ms9mmBeretta]

Karim Bennett Neither one is better than the other, that's all an illusion. It's about what living situation fits that person the best. Some people don't need all of the space that a house provides and would lose their shit if they had to do their own home repairs instead of just having a maintenance man. And some people need more personal space and privacy than an apartment provides and is going to knock on the neighbors door and curse them the fuck out because they're being loud AF and you have to go to work in the morning. Everybody is different. And most people do not live long enough to pay their houses off, especially in these times. And yes, you're "buying" your home, buy it isn't yours until the bank signs it over in 20-30 years. And yes, a house builds equity and property value, but as soon as you need to take out a loan on the house (a very real possibility), you're going to have to pay penalties on that loan... that's going to put you further in the hole as far as your mortgage is concerned which of course in turn makes it take longer to pay off. So it doesn't matter in the end. I think people should just pay for what works for them and stop worrying about everybody else's opinion. Everybody got one. I've seen it work out both ways, apartment or house.

[@gnomechompsky8853]

It depends. The same money u spend on a mortgage could be invested and grow faster than your equity. Especially if you are able to move around and work in beneficial locations. Mortgages were created to sell bank money...and the Fed placates the middle class by continually inflating the housing market...but that is shaky if the Fed ever has to tighten.

[@marcellowheeler88]

That depends on the housing market in your area and if you are going to move a lot for work. Houses arent always an investment.

[@kevingrant4491]

I agree with vlad.....rent and apartment or house. Most of the time this will be cheaper than a mortgage. Then, invest a large amount of your money regularly in stock market........you will win. Versus just buying a home

[@Lord_Don]

@@Ms9mmBeretta and logic has been spoken...lol Also you never really own the house. Property tax would be to differ

[@hueyx791]

Vlad you need to release this whole interview in its entirety

[@vladtv]

Huey X it will be released as a podcast on The Vlad Couch

[@SUPATRUKA]

Vlad is totally wrong about owning vs renting a home. If he is talking about investment property maybe but owning has privileges. In a scenario where I would want to move I could lease my home to a tenant and either buy or lease a house somewhere else. After you rent for 65 years you cant pass that down to your kids or grandkids. After a mortgage is paid in full it frees up your income for many other things, investments, vacations, etc. I could go on and on. Eviction could happen suddenly but foreclosures are a process that could take time.

[@tswagg504]

SUPATRUKA Exactly bro. My godmother payed off her house, rented it out; and used the monthly proceeds from the rental income to make her monthly mortgage payments on a bigger house.....Another thing my fam has always taught me was to purchase (finance) a double property, and I could live in one side and collect rent from the other side....the rent I collect from the other side would help me pay off the entire property faster, then I can rent out both sides and invest that income into another double property.

[@franktalk5037]

SUPATRUKA Nah...I agree with Vlad completely on the matter. Its only potentially a good idea if you know you want to live in that house for a long period of time - at least 10 years. As an investment it isn't necessarily great, because you always need somewhere to live. If you sell, you have to buy another place to live! If you are raising children and you know you want to keep them in the same school system it makes sense. But not if you think in two years you may want to move overseas for awhile or take a job offer several states away. That house and its mortgage becomes a burden that you might not be able to sell as quickly as you'd like.

[@vladtv]

Denmark Vesey yup

[@SUPATRUKA]

Denmark Vesey I do see your points working for a single person or couple but for a family or business owners moving around often definitely isn't a good idea. I believe the pros far outweigh the cons of ownership. I've seen many people inherit properties and get an instant boost towards their goals. Whether they sold or lived in the homes.

[@franktalk5037]

SUPATRUKA I was not making an argument for "moving around often". However, that is a reality for certain people based on their interests and/or career options. As far as the family unit, I think you should re-read my previous comment. Raising kids in a stable environment where they can go to school in a good school system and maintain lifelong childhood friendships - I think that is the _best_ reason of all for home ownership. Just don't necessarily look at your house as your primary economic investment or source of net worth. Yes, you can borrow off of the equity in your house - but that is _more debt_. And if your logic is that you can always just sell your house if you want/need some cash - where do you plan to live? You'll need to take that money (IF you are able to sell) to buy _another_ place to put a roof over your head again!

[@toppcatt22]

Due respect to the two involved parties. They missed the entire picture of real estate game. Real estate has made more people rich than anything else, and it wasn't through how they spent money on the property they live in. Creating streams of income in real estate makes you wealthy. What you live in has little to do with it. Love you guys' videos, but stay off of the real estate topic til you get your REIQ up. Peace & love. ~Carlos

[@SavageSanto]

I STARTED INVESTING IN STOCKS FOR THE FIRST TIME.THIS IS ONE OF THE BEST TIME TO GET STARTED !!! 📈

[@JJ_DaJenius]

saNto exactly I started two years ago. All I can say is just do it

[@Rita_Lewis]

I agree with you both I think you can be a home owner plus invest but there's no one size fits all. My husband and I purchased our home and the values sky rocketed in 5 years so now were selling making a BIG profit now we can use that money to start our business and invest. Plus I used my home to build credit and pay off debt. If you plan on living in a place for 30 years I would recommend getting a fixer upper for the low, in a good area, pay it off and only pay taxes if they are decent or low enough, then you can have positive equity which can help you in the long run like an investment....but like Dr Boykins said there are so many variables but even if I could I probably wouldn't invest in a million dollar home. In his scenario of having 200k I'd buy a fixer upper for 20k put 30k in upgrades to fix it up, invest 100k and use 50 k to start a business.

[@flatbush46]

it depends on the property you buy... buy low, buy in an area that has potential , may not be the best area yet... However dont buy a single family, buy a multifamily home 2-3 units.. The rent should be able to cover the mortgage.. Depending on the price and downpayment one rental alone could cover the mortgage .. Once everything is flowing pay on the principal... Ive watched my parents invest in real estate.. multi unit bulidings 1.the house i was raised in plus two other properties.. All are paid off and it generates over 200k a year in passive income.. The properties are worth millions now. If i had to add the total money my parents made on all 3 properties it may be 80k... This is 100 to 200 percent return on a small investment.. Real estate is tangible you can control is better than the stock market... The real estate allowed my mother the freedom to invest in stocks.. My dad is dead set against it .. start off small and work your way up... The equity continues to rise in real estate.. Not just a house im talking lots, a forest possibly.. Its about timing and having foresight ...

[@mr.worldfree3333]

Listen guys. I had a rental property in the past. I lived on one side and rented the other side. Being a landlord is not what you think it is. No matter how well you screen the tenant they sometimes won't pay rent, damage the place, or try to sue you.I eventually sold the place, took a lost due to a short sale and because of the decrease in property values in the area. I moved into a studio apartment, you know, where your couch and bed is in the same room and you have a separate kitchen and bathroom. The rent was lower then the mortgage and I didn't have a car note so the extra finances allowed me to buy as much stock as I possibly could. Eventually that stock grew and I am better off today then I was back then and I am still renting while vacating all over the Caribbean. There is no right or wrong answers. It depends on your goal. If you want to get a home and you gotta work seven days a week to pay the mortage, insurance, and taxes. My friend there is no fun in that.

[@livefromtheground7274]

No one said you have to follow the schedule of the mortgage and pay only the amount required each month. Pay more if you want to escalate the mortgage, or minimize the amount of interest.

[@EvangelistRBColbert]

Don't buy a million dollar house. If you have $200K in cash, pay cash for a much cheaper home, especially if you live in Texas.

[@Gatta1000]

I respect Dr. Boyce Watkins Knowledge is power.

[@scorpion777silvermoon3]

Why didnt he speak of tax benefits or ways to borrow against house. Boyce was weak

[@DCMFR]

Stocks are a risk and reward system… and when you don't have the necessary security or cache to withstand the blow of the possible risk, you tend to go for things with less risk.. At least until you're at a point where you can confidently deal with the consequences of said risk without too much fall off… but there's other streams to create cashflow… stocks aren't the end all be all.. But can be a viable source given your circumstances

[@franktalk5037]

murakulus Everyone should have a portion of their savings invested in the market. EVERYONE

[@metusbatmanv4569]

murakulus Did you just say cache, moron? I agree though that stocks are the worst way to build wealth.

[@metusbatmanv4569]

Denmark Vesey Hahahaha, no, moron.

[@DCMFR]

Denmark Vesey if you're in the proper position, sure.

[@franktalk5037]

MetusBatmanV4 hahaha... YES, dipshit. *How much would your investment be worth today if you started putting $100 per month into a large cap index fund [ex.,S&P 500] the month president Obama 1st took office, genius?*

[@JasonJFlippingLife]

I was on the fence with his premise at the beginning of the interview... glad I listened to his complete point. I agree that growing up in an impoverished vs affluent environment can influence how you view risk in building wealth.

[@MiroMayne]

Nigga what slavery got to do with not wanting to invest in stocks? I usually enjoy what Watkins says, but this is a reach. Slavery ain't got no impact on black people personally, racism and discrimination towards them does. Both those things have nothing to do with not wanting to invest in stocks. It has to do with people not embracing risk. Risk takers will invest, others won't. Even white people don't invest in the stock market, everybody likes to have an increase in money last week. People are impatient and uninformed about the stock market. Boyce IS right about one thing though: mutual funds. That's a good investment.

[@MiroMayne]

Furthermore, Vlad kinda had him at the mortgage discussion. The house market CAN be more volatile than the stock market. But ah well.

[@PhatGirlLuvr68Comix]

Miro Mayne Slavery and slave-mentality still affects black people today. If you don't believe it, spend some quality time in the "hood".

[@ProfitScalpKing1]

Ways of thinking that have been programmed into us (as a culture) for over 400 years... Did you miss the part where he talked about "cultural memory" ? The impact is still happening TO THIS DAY

[@MiroMayne]

Antonio Williams I am not familiar with your age, but I guess it's programming then. Because black people (the new generation) in Europe, say Holland, don't walk around constantly thinking "damn we our ancestors were slaves". That is what is weird to me. Yes, black people still get discriminated, unfortunately. But ancestoral slavery is not the reason for their lack of anything in life.

[@MiroMayne]

Ancestral* damn lol

[@BeRealJB]

Didnt even iron his shirt... That shirt is straight out the pack... 😂😂😂😂

[@twiinningcleaning2211]

Jonathan Belgrove 😂😂😂😂

[@tracythejazzlifer4529]

He saved his dry cleaners and clothes ironing money, in order spend the money penny stocks. His money is all tied up in his investment portfolios.😂

[@daltonwilliams2962]

I built 40K in equity the first 2 years of owning my house. Renting is always a losing game unless your lifestyle requires you to move a lot.

[@7067779311]

Who does 30 yr loans?? 15 yr fixed rate or you can't afford. it. It's not for everybody. Doc answered this one good. This interviewer does not know anything about finnce

[@MultiBillionHeir]

plenty ppl apply for 30 year mortgages... you could always make extra payments to pay off the mortgage sooner...

[@IGStrangDaKang]

30 years??!! Im scared to get in a 2 year contract wit a cell phone provider!!

[@americancreole6299]

@@IGStrangDaKang You don't need a cell phone but you will ALWAYS need a place to live! May as well BUY your home rather than paying someone else's mortgage (which is what renters are doing).

[@metusbatmanv4569]

"You'll never lose your money" - Next day the stock market crashes...

[@Executnr]

MetusBatmanV4 LOL, how quickly they forget, look at greece, its not the young people hurting its the people who saved their whole lives thats hurting

[@u-n-isurvive3030]

Executnr Smart investors buy high quality stocks and use Dollar-cost averaging, as well as Protective Put options to weather bad economic times. The stock market exists to make the rich richer, REGULAR uninformed investors lost money, not the rich. Spend enough time studying their techniques, and you will always win.

[@metusbatmanv4569]

Executnr Exactly!

[@metusbatmanv4569]

U-n-I Survive You're a moron. Of course rich people lost money, moron. If you're studying what billionaires do, then you're a moron.

[@u-n-isurvive3030]

MetusBatmanV4 You don't have to agree, but most smart investors really didn't lose money in the downturn, it was the middle class that took the biggest hit. Losing money is inevitable in the market, it's the nature of the beast. However, if you spent the time to pick quality stocks, you're not losing your entire life savings life Joe Noname from down the block, that's also what protective put options are for. To a lay investor, capping annual gains only 8 or 9 percent seems stupid, but when the market is down, you protect yourself with a loss of 0 percent that year. On top of that, a stock like Mcdonalds is an almost sure bet, because while the market was tanking at -37% in 2008, Mcdonalds stock was up 10%, that's a 47 percent difference from where the S&P 500 was. If you do your homework, you WILL come out winning. As long as you don't get too greedy.

[@stephenmcalpine6091]

Get a 15 year mortgage. Dont "over buy your house. People always want more house than they can afford. Paying rent is throwing away every dime that you are paying. If your income will allow you to buy a $250k house,find a nice house for $175k in s decent neighborhood with a decent school system and then stomp on your mortgage. If you can pay your home off in 10 years you will have generated over $200k if not more in equity. If you pay 10 years worth of rent you will have nothing to show for it except a shoe box full of rent receipts and U-Haul contracts.

[@tigerjackson6985]

Owning a home after financial crisis is like having a savings account that you have to pay to have. I have owned several houses it is a burden. I wished I was leasing a nice house so I could move freely if I wished. Home ownership is over-rated. You have to pay insurance, taxes, maintenance and repairs, etc.

[@DeRussellMasina]

What about equity? Owning an asset that you can SELL & receive a return when you move. Renting is paying someone mortgage & they have the assets when you leave.

[@miaroscfala]

After streaming this; the next queued video began, but I sacrificed the buffer already loaded from it and took the trouble of pressing back in my browser just so I could 'thumbs up' this video. You made me care with this one.

[@righteousone4709]

This interview is the best because it challenge us to rise up African-American, Hispanic American, etc..... Yo Vlad bring more interviews like this Franchising,Investment banking, Stocks,Entrepreneuring

[@jknotz22]

It's sad that this doesn't have millions of views

[@KILLAWATTS804]

Okay then how do you explain the white people, Asian people, or Mexican people that don't dabble in the stock market? Everything we do as a people doesn't necessarily stem from slavery. Lack of knowledge would be a better explanation for this question.

[@roseeze166]

+Earl W. Thank you, why does everything have to be about slavery!!!

[@KILLAWATTS804]

***** WTF?

[@nealbooker6364]

+Earl W. Their native countries definitely dabble in the stock market in order to achieve economic growth. In addition, many of the people from those countries come to America and start their own businesses, in OUR communities. bottom line is...OWN something.

[@BlvkColossus]

+Matt Hall thank you!

[@Lillie839]

+Matt Hall Exactly I hate people that do that

[@antoniomontgomery859]

Wendy's stock is over $16+ as of close 6/2/17, stock was trading under $10.00 last summer. A gram of Loud cost $20.00. The stock also pays a dividend. Wendy's is also in test pilot for delivery. It's coming folks. So to break it down, stock is up 60%+ in 1yr not including dividends

[@DonteeWeaver]

Fast forward two years later... Vlad pulled the same stock (investment) vs real estate (single family home expense) on Jay Morrison. I'm still learning and not anti stocks but I can see the apples to oranges scenario.

[@shanenolan85]

Dontee Weaver 💯💯💯

[@NkrumahTure]

The 30 year mortgage is a (legal) scam. The interest accrued on a 30 year mortgage is ridiculous. Many of them are something other than a fixed type mortgage.

[@OurPerez]

He always spit the truth. Thank God for Dr. Boyce!

[@Kharmatos13]

real estate isn't the scam, it's the debt that is the scam. why not take the 100k you had saved up and put that in a mutual fund then buy your house outright. no debt.

[@JustK009]

Great interview...this needs to be commonplace in our community

[@tpatt3511]

Real quick I have to make a point. If you really want to know why black people look at buying a house rather than renting, then it stems back to FDR and the New Deal days which created the middle class. The fallout came when a lot of the programs helped people disproportionately. Whites were able to buy a home, go to college and raise a family. Blacks were locked out of these advantages even if they were qualified for programs like the GI Bill. Also during this time when whites and blacks were living together real estate agents would take whites who were qualified to nice neighborhoods and basically bring in other whites, thus segregating the areas. Blacks were left in ghettos and poor neighborhoods with less than substandard conditions and these areas are still here to this day. A lot of the separation comes from fear,(If a black person lives in a white neighborhood so does "black problems") and ignorance. These systematic way of living gave more credibility to the notion that white were superior and blacks were not. It gave blacks who worked hard and sacrificed something to obtain. That's why black look at owning a home as being at a zenith point rather as just another luxury to have. I had an argument with someone about owning versus renting and her rebuttal to me as after I made my point was," If owning a home wasn't a big deal, then why do white people want to own homes so much?"......smfh

[@Executnr]

T Patt great history, an on top of that they made sure the interstate went where they wanted it to.

[@omaabanzukwe1208]

owning a house is great i paid cash for mines so that i dont have excessive bank interest i shop around patiently on a foreclose home an it was cheap an the last owner had kept it in good condition the basement was done as an apartment so i rent the basement out to family members u can buy a foreclose home for a little of nothing an fix it up save your money put five dollar in the savings account if thats all u have and u b surprise how your account grows i put $30 a month for years in saving account an the recession came and all the housing went into foreclosure so that $30 i save over the years turn into thousands an it enable me to pay cash for a home

[@NewPurpleRobyn]

Oma Abanzukwe 👏🏾👏🏾👏🏾

[@bawzbawz]

I pay mortgage on two houses on east coast. I moved to mid west. Two tenants are paying the mortgage for me. I take the extra money from the tenants and invest it. After the mortgage term is over, I OWN the house. In fact, if I'm tired of tenants, when the market is favorable for me, I sell and pocket the money. I will not pay rent long-term so that I can pay someone else's mortgage. Mortgage IS better than renting Vlad.

[@me25422]

Brand new shirt str8 out the package!

[@lynorasholistic-healing8317]

😂😂😂🤣

[@BudIce32oz]

Who can down vote this!?? This guy was firebreathing the truth! Man this guy keeps dropping gems!

[@marcusgarvey7588]

All you need is an S&P 500 index fund or a total stock market index fund . That should be your core portfolio. Then you can buy individual stocks. Maybe 10 to 20% of your portfolio. You can also buy a bond fund if you are less risk averse

[@jimmiehilliard8253]

If you want to create true wealth, invest your money in Multi-family units. You want it to be at least 16 units. Now there are people who invest in a single home and rent it out. Here's the problem with that thought, if the person moves out or has trouble paying...you have $0 money coming in. But if you invest in Multi- family, if someone moves out of your 16 unit or even 3 families moves you still have 13 families still paying. See the difference. It must be the right deal.

[@ivandunn1334]

Jimmie Hilliard Any advice on how to go about that?

[@ear4funk814]

Should be phrased why most or majority of African Americans avoid stock market. Kind of condescending to say African Americans with no qualification to it. A lot of us have been in the stock market for quite some time (long before Boyce Watkins came around ... and I mean that literally ). I see his quest as a noble one to inform more African Americans on the value of stock market participation. Just ain't no new revelation ... lot of people of African American origin very comfortable due to participation in the stock market.

[@dropsixteentvtv4149]

Vlad just neglected the fact that you can sell your home, you can get improved credit from it, you can rent out bed rooms when you leave. Also, you can always have money from your home. Also who is putting 200K down on a million dollar home? you could get a smaller home. In the south a big house is 200-300k.

[@Soulful24U]

Great Discussion. Sad that a lot of African American families don't have this discussion. Knowledge is power and the route to success.

[@justmehere34]

My gosh, not that crap again. Ive made plenty in the Stock Market. You should probably start with saying "Certain people are just stupid because they don't know how to manage money."

[@PhatGirlLuvr68Comix]

justmehere34 You act like people are just born with financial acumen or investment strategy is common within every family. Get over yourself.

[@justmehere34]

PhatGirlLuva68-ThelastOG Nope. I don't act like that. I act like a person who wasn't scared to venture into the unknown and just happened to get lucky on the other side. Confidence should be the "Strategy" in every family. Not Fear and Loathing.

[@PhatGirlLuvr68Comix]

justmehere34 Really? So now you're assertion is that "confidence" is in plentiful supply or that it's something that you can just get if you want it? LOL! Your limited perspective of life is growing smaller by the minute.

[@justmehere34]

PhatGirlLuva68-ThelastOG If you say so.

[@PhatGirlLuvr68Comix]

justmehere34 I do.

[@a.citizen7668]

You CAN lose money investing in mutual funds. You need to watch it closely and change funds when necessary. There are fees associated with many of them. Companies are owned by shareholders and you can invest and be shareholder and receive a proxy to vote for and against the board of directors.

[@rizzla47]

this was a great video to watch,ty Vlad i do have one thing to say on the whole owning property thing,,i think the major difference is the ability to BUY property,,of course paying a mortgage is lunacy,but when you have the capital to buy a house or property outright,then you dodge entirely the concept of interest and the only thing you pay is the principle price of the home so i dont think owning property is a trick or bad thing at all,,assuming you have the capital to invest in it,i think the problem is most people over-extend themselves getting mortgages they could never really afford,,obviously a mortgage is a longterm control structure to keep us working and obedient,,but when you buy upfront and strip away the interest,,owning property becomes almost a rhetorical good move,,the only thing being not tie up too much of a percentage of your overall worth IN property,,,because you know what they say Vlad.... "buy land,,because they arent making anymore of it" ;)

[@Thetrue7195]

And he's right real estate is a big scam if you choose to hold to the property but if you buy and flip that's where the moneies at that's one of my profession.

[@dancgreen2]

Vladimir has great points about the mortgages but he ignores the #1 aspect of real estate..it's the fastest way to build wealth in this country...

[@vladtv]

dancgreen2 where are you getting this info from?

[@dancgreen2]

***** history...land owning (real estate) has proven to be the fastest way to building wealth in this country which is passed down from generation to generation. ...there was a reason only white men were allowed to own land in america. There was a reason FHA/VA loans were created to give white folks a chance at owning land. All these excluded black folks and is a major reason today the wealth gap exists between black folks and white folks...black folks today own one half of one percent of all the wealth in this country. This can be traced directly back to not being allowed to own land (real estate)...so I see your reason to propagate black folks away from owning homes and property...I believe Dr Boyce when he says to own the land where you stand...you will always pay a mortgage in this country it's going to either be yours or someone else's...

[@mairahmanzini2928]

Why not just buy your house cash. That's what I plan to do. It seems that Vlads problem is with long term loans not really property in and of itself.

[@soofficialdez185]

Real estate is the biggest business you can have every business is real estate..

[@jmiller8563]

In the stock Market, you really have to have invest a lot of money to make a lot of money, if that makes sense. That is unless you are able to find the next "Google" or "Apple". Dr. Boyce is right about Mutual Funds. I invest heavily in Mutual Funds, and get about %15-%20 profit a year on mine. Mutual Funds are safer, but not as "sexy" as Day Trading.

[@GrindSmart]

Ricky Tisdale slow and steady wins the race

[@adealadejarerealestate]

Learn the stock market period. I'm tired of people saying they don't know.

[@ChristianSpencerChrisVision]

I don't think slavery has a lot to do with blacks avoiding the stock market. In general, but of course amplified in our culture, we are scared to lose our money and our people are informed about certain details. A lot of blacks don't even vote, and you expect them to know the politics behind banking? Dr. Watkins can blame slavery for this but even with a black president, there are black people out there who are not invested in seeking information. As for black people not wanting to start their own businesses, umm... I know tons of blacks wanting to become artists, kickstart restaurants, owning studios, etc. In fact Millennials are vastly interested in being their own boss than working for others, and that includes young black people.

[@kristrinity9429]

Really Good debate and conversation here Vlad. I want more of these types of interviews please! Keep up the good work

[@vladtv]

Kriston Smith more on the way

[@TalkingToFounders]

Dr. Boyce rocking a brand new, fresh out of the bag shirt for your interview Vlad. That's respect.

[@vladtv]

scott loong lol

[@mobus1603]

+scott loong Funny, cuz that's exactly what I thought, too. Dude needs to invest in an iron, though.

[@learnedhand7647]

The best thing that you should do if you want to grow your money is start a good savings plan (that has the best interest). If you want to start investing, I would suggest *Low-Cost Index Funds.* Before you choose which stocks to invest in, consider practical companies that you see all the time, including waste management, and construction. Once you have found a few that you think are good companies, check out their history, look for lawsuits (you'd be surprised what you can find with simple google searches), if you see pending lawsuits or investigations steer away from them. Railroads, and Highways are other sources you can use to decide who is doing the most production. Never invest in just one company, the old saying about "keeping all the eggs in one basket," applies directly to stocks and bonds. Then don't touch them, let them grow. The only reason you should move them is if you hear of a disaster, an investigation, etc. If you find a potentially stronger competitor, invest in that company too. But most of all, try to keep it simple and with the least amount of fees. I would suggest choosing a fiduciary, since they are required by law to look out for your best interest.

[@gtg9866]

>> I would suggest Low-Cost Index Funds Vanguard does low cost index funds. My understanding is that they're the lowest. >>Before you choose which stocks to invest in, consider practical companies that you see all the time, including waste management, and construction. Once you have found a few that you think are good companies, check out their history, look for lawsuits (you'd be surprised what you can find with simple google searches), if you see pending lawsuits or investigations steer away from them. Also, learn how to screen companies and value them. Screening involves looking at companies' earnings (e.g.: price/cash flow) and debt ratios. Ideally, you're looking for companies with high earnings (relative to its stock share price), low debt and a catalyst. A catalyst is something that may spur future earnings like a pharmaceutical company releasing a new and promising Alzheimer's drug (the catalyst) for which they have a patent for the next X years. Once you've got the names of companies whose ratios and future outlook seem satisfactory, start looking at and dissecting each company's financial statements. All of this is easier said than done. It's a lot of work. What I described is a fundamental analysis approach. People who have other approaches like technical analysis; some combine the two approaches. LEARNED HAND, THAT'S AN INTERESTING NAME. WHAT MADE YOU CHOOSE IT?

[@learnedhand7647]

+GT G he was an influential progressive judge

[@lawlessjewel6629]

The reason why people don't invest into the stock market is because most people have no knowledge on it and on top of that they hear that its risky so most people avoid it. I don't think it have to do with slaves smh. People just don't have patience and self discipline to learn.

[@joejones6867]

Most can’t afford to lose money. We don’t trust the system for good reason. We don’t have a lot of extra cash. The cash we do have to invest in stock market will probably make your seed rich or offfspring rich not u in your lifetime. America is a consumer Economy so if blacks stoped spending discretional income the economy would be hurt

[@businesslp3027]

The house can be passed down to your kids and they don’t have to pay rent or mortgage. Investing is not just for you, but to benefit your bloodline , assuming you care. If you have a bunch of kids and grandchildren hopefully you care about their future .. . Some people can care less about their family. My parents didn’t care !

[@dukemm94]

shirt straight out the pack boi

[@scorpion777silvermoon3]

Both points are valid it seems he caught Dr Boyce off guard

[@TheFilmSpace1]

Looking back at this and the new Jay morrison interview makes sense... Investing in stocks is great

[@DRCHENZO]

It's easier enter the stock market it's true. But there is the most amount of millionaires created as a result of real estate

[@shepthepeguy6971]

Vlad, your description is not buying a house, you are describing taking on a liability of a mortgage. The key is to limit the amount of the liability.

[@wesgriffin6081]

I've steered away from the stock market because of the ivory tower club (those who are in the click) getting tjps and insider knowledge ) to know when to buy, sell or trade ...leaving those who are not "in" taking the fall (lose)

[@lloydhudson6463]

Good point

[@amessenger3208]

That's what stock charting software is for. Trust me, it can be done and you can make money without being an "insider." But it will take time and effort.

[@Schrankerle]

One thought. Lot's of people prefer to rent. I bought a duplex and lived in one side. My renters helped me buy the building in nine years. It is sometimes a pain when you are providing a service, but later I rented both sides and bought a house. I'm not black, but like this topic and want to see everybody getting ahead in life.

[@AB-KB8]

Vlad was on point. Buying a house is a scam lol. Can't take it with you when you die. As long as you have a stream of income you can afford shelter.

[@heather-vs9qe]

I think is more about losing all our money....we are deeply uneducated about money in general...yes that's right psychological opression...so much fear and lost... Dramatic...environment. Explain Mutal funds ..go to the bank...Stock Market... Thanks so much.

[@Fraylovesskincare]

I needed to see this. Thanks;)

[@dro2pass]

i hate this black empowerment shit why cant we as a people just admit our priorities arent right and take responsibility instead of making these complex theories it doesnt take a rocket scientist to figure out you get what you put in. there is a world bigger than the hood and america. there are people out here in this world who dont have a choice and are really suffering.

[@donmega9006]

I think Vlad is missing one crucial point and this is very very critical most of us het 30 year loans because we don't have all the money up front think about that its no other way to get anything if you dont have the money to pay it off right away on the flipside if I had 100 or 20p thou in my pocket then things change.

[@chieft798]

Great point VLAD

[@real_twanniefanclub8800]

This guy is a hero without cape

[@VyruzBeatz]

People Talk Shit About Vlad But You Can't Say He Don't Know His Stuff!

[@nateholloway]

Rent always goes up, while a mortgage stays the same. If someone wants to stay in the same area they probably should buy instead of rent. Most places aren't rent controlled

[@kcklein2075]

Just heard an interesting fact on NPR just this past Friday. Ony 7% of urban Chinese-Americans own stock yet their net worth is not only higher than many Black people's but much more stable. They were talking about this while trying to encourage people to stay in the stock market while it's tanking. The number one rule that EVERY investing book I've every read is that you're not supposed to put money in the stock market that you can't stand to lose because of the risk involved. I don't know many Black people that can do that.

[@jakewillis1124]

Great point in regards to home ownership, the housing bubble proved home equity is a bad investment. The term housing bubble proved having a home as your # 1 investment. Great point, Dr. Boyce has no personal experience in owning a home.

[@bigjarv10]

If you are renting you are still paying the OWNER

[@wallstreetgatekeeper]

VLaD...I agree with the point that you made between Real estate and the Stock Market...Vlad you"re onto something...I would love to talk to you

[@tdon39]

Vlad is missing the point

[@BestxInTheWorld]

Economics in black high schools definitely should teach the youth more about what options they have with their money.

[@JLoveYoutube]

There's other options to investing into Real Estate, than just getting a mortgage!

[@sterlingferguson1704]

Dr Boyce what is excessive buyback, of stocks, by companies?

[@MrDthomps2]

Great advice

[@pgppe9488]

Vlad mentioned he talked to rappers and athletes about their investing habits which is comical because why would they know anything about wealth building. The majority of those individuals didn’t grow up in homes where people talked about investing, the market or home ownership.