Should African Americans Invest in Stocks to Make Obama ‘Look Good?’

investor sentiment, but there are so many reasons behind its fluctuations—and, amid crisis, not all of those factors are based on rational decision-making. In the end, Obama should be judged on whether his policies generated jobs, boosted national productivity (GDP), and seeded new industries that put the U.S. on a path of future prosperity.

4. To that end, you can help the president—and the country. How? By saving and investing. For that, I’ll go back to an explanation I cited in my last blog from Ed Fredericks, a professor at Pepperdine University’s Graziadio School of Business: “Right now and in the foreseeable future an increase in savings is good for the country. This will reduce the deficit through lower imports. As imports decline and savings increases, our capital markets should benefit as surplus savings will go into investments [stocks]. This investment capital will go to businesses and entrepreneurs promoting economic activity and strengthen our economy through employment and wages.” Whether your aim is to help Obama “look good” or to get us all out of the economic funk we’re in, it sounds like a win-win to me.

John Simons is the senior personal finance editor at Black Enterprise magazine.

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  • william robinson

    they shouldnt invest in cca where they killed a woman named estell richardson bush nad his croonies had there hand in the jail check out gus puyer as well

  • Hello Mr. John Simons,

    Outstanding! Thank you for publishing this insightful, thought-provoking post.

    There are a plethora of stocks at bargain basement prices for long-term, wise investors to seize before the stock market rebounds.

    Time will prove itself to be President Barack Obama’s best critic. Despite Rush Limbaugh’s “fear-based” desire to see President Obama fail, he will succeed.


  • Valerie

    No, you should NEVER do anything that will not directly benefit you and/or your family.

    Yes, Black people should invest in stocks, but only after they have learned about investing and have some appreciation for what they are doing and the risks they are taking. Investing in stocks is a good way to build wealth and take control of your financial future.

  • ThatOne

    African Americans should invest in instruments that will make them wealthy. That’s IT. I don’t even understand why this question was posed?

  • william robinson

    Oh i also wanted to say if you want to hear about the estell richardson murder case go to vibes blog and go to harlem heights and hear my story before and after ladies death and hear the truth on what they did in that facility plus i wanted to add something a blackgaurd from trinidad said to me and you will read it on the blog on the vibe blog and thanks black interprise and for letting me say my story but this gaurd said to me that and excuse my french that niggas kill niggas everyday i shouldnt have to say anymore

  • Sheryl P. Simons

    After watching Nightly Business Report for the past 5 months, I have made some moves because I believe the time is right. Some weeks ago, I saw your interview on this same program. During the past year, several major branches of the Simons Family have reconnected. Please contact me. Thank you.