Black Owned Publicly Traded Companies In 2020

FTC: This post is not sponsored and I am not a financial advisor. All thoughts and opinions are my simply my own. 

I've been doing the Stock Tip Tuesday series for almost 2 months, and this week is especially important to share. As we continue to navigate through these incredibly unfortunate times, many people have been sharing their desires to support black owned businesses. This felt like the perfect time to open up our wallets/purses and let our money do the talking.

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You can imagine how shocked I was after doing a bit of research into black businesses, and out of the 2.6 million black businesses in the United States only 12 of them are publicly traded on the NYSE. Can you believe it? 0.003% of the 4,000 publicly traded companies on the New York Stock Exchange are black owned businesses.

Black Owned Publicly Traded Companies In 2020

When looking to invest in the stock market I always stress looking into the history of the companies and how they have performed in various types of markets. So I want to make it very very very clear, although I am definitely going to look into these companies to invest my money into, I am not saying to just jump in and invest because they are black owned businesses.

Always discuss your options with a financial advisor before making any big decisions with large amounts of money, and if you are looking into investing I highly suggest starting out with this video here { Best Stock Market Investing Apps In 2020 }. I prefer to use RobinHood, E-Trade, and Acorns.

If you found this list of black owned publicly traded companies helpful, and want to get more financial info straight to your mailbox, sign up for our mailing list here! You'll also gain free access to our 8 week money saving challenge. Don't forget to share this with your friends, family and nosey neighbors!

Until next time,