Fidelity launched a new youth investment program geared toward 13-17 year-olds whose parents are current account holders. This is a great opportunity for Black children to learn what investing in stocks can do for their future! How does it work?
Young investors receive a debit card and the ability to buy and sell stocks and mutual funds. The account is free to use, there’s no minimum investment required, and of course parents are able to supervise! There is power in investing – and some Black people are already taking notice.
White people control the majority of the available wealth in America. By monopolizing the stock market, they’re able to create generational wealth, creating a more fruitful financial future for their families.
This new trading program gives us an opportunity to provide resources to our children we may not have had access to ourselves.
We must break generational curses by educating our children on how wealth is built. This takes a full understanding of the financial system. This will bring our community a step closer to self-sufficiency and independence!