Monthly Archives: November 2014

HBCU Money™ Business Book Feature – The New Coffeehouse Investor: How to Build Wealth & Ignore Wall Street


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In 1998, Bill Schultheis wrote a simple investment book for people who felt overwhelmed by the bull market. He had discovered that when you simplify your investment decisions, you end up getting better returns. As a bonus, you gain more time for family, friends, and other pursuits.

A decade later, through good times and bad, this philosophy has been proven to tower above the daily chatter of Wall Street. And the revised and expanded edition of his book is more valuable than ever.

In a conversational style, Schultheis explains why we should stop thinking about cool stocks, hot mutual funds, trends in interest rates, and predictions for the economy. Stop trying to beat the stock market average; just remember three simple principles:

• Don’t put all your eggs in one basket
• There’s no such thing as a free lunch
• Save for a rainy day

The New Coffeehouse Investor will help readers get their finances in shape quickly and painlessly.

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HBCU Money™ Dozen 11/24 – 11/28


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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

The Konik: a little-known breed of horse equine l KY Equine Research ow.ly/F3FPC

Research addressing environmental concerns that impact tribal health/well-being l EPA Research ow.ly/F3FRP

Advanced drinking water treatment tech, water infrastructure, sensors l EPA Research ow.ly/F3FUn

Bloomberg Explores The Connected Home l Clean Technica dlvr.it/7g3gjH

BlackBerry’s deal to buy voice crypto company Secusmart blessed by German government l CIOonline trib.al/wpnQyiW

5 Ways PCI is Becoming More Security-Conscious Next Year l CIOonline trib.al/5xcpmaR

Federal Reserve, Central Banks, & Financial Departments

Does free food make for a happier office? l World Economic Forum wef.ch/1vXyIwk

$200bn of fake medicines are sold every year. An African entrepreneur fights back l World Economic Forum wef.ch/1Bef8it

Buying power of minimum wage varies across and within states l St. Louis Fed bit.ly/1zu7lez

Trying to get your personal finances in order? Start with these lessons on the basics l St. Louis Fed bit.ly/ViVxYQ

Household Debt Balances Increase as Deleveraging Period Concludes l NY Fed nyfed.org/1y97tNz

Despite Apple Pay buzz, cash is still popular l SF Fed bit.ly/1zviiJj

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.

The HBCU Money™ Weekly Market Watch


Our Money Matters /\ November 28, 2014

A weekly snapshot of African American owned public companies and HBCU Money™ tracked African stock exchanges.

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $8.90 (0.00% UNCH)

M&F Bancorp (MFBP) $5.05 (3.81% DN)

Radio One (ROIA) $1.70 (0.29% DN)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  243.96 (0.05% DN)

Botswana Stock Exchange (BSE)  9 523.27 (0.00% UNCH)

Ghana Stock Exchange (GSE)  2 266.92 (5.67% UP)*

Nairobi Stock Exchange (NSE)  163.27 (N/A)

Johannesburg Stock Exchange (JSE) 49 911.37 (1.28% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 995.41 (0.84% DN)

London Stock Exchange (LSE)  3 593.32 (0.04% DN)

Tokyo Stock Exchange (TOPIX)  1 410.34 (1.32% UP)

Commodities

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C.R.E.A.M. – 2014’s Top 10 Billionaires With Most Cash On Hand


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This group of billionaires is redefining “Cash is King” in cash allocation to their portfolio. Who loves cash the most? See Russians, again. They love their cash and comprise half of the list. Bill Gates is a surprise on this year’s list holding as much cash as the next four on the list combined. Despite a horrible interest rate environment for cash with real interest rates being virtually negative around the world this group believes their is value in keeping their powder dry.

1. Bill Gates
Cash On Hand: $46.8 Billion
Cash As A Percentage of Portfolio: 53.6%
The world’s wealthiest billionaire is the king of cash among the top 100 billionaires in the world. His cash alone would make him the world’s seventh richest man.

2. Ernesto Bertarelli
Cash On Hand: $13.5 Billion
Cash As A Percentage of Portfolio: 90%
A Switzerland citizen who attributes the majority of his wealth to a drug manufacturer he and his sister inherited, and then sold to Merck.

3. Hans Rausing
Cash On Hand: $12 Billion
Cash As A Percentage of Portfolio: 96%
The cash king in terms of portfolio percentage inherited his 50% stake of the world’s largest maker of juice and milk cartons over three decades ago. Sold his stake in 2013 and now raises deer in Britain.

4. Mikhail Prokhorov
Cash On Hand: $10.1 Billion
Cash As A Percentage of Portfolio: 80.8%
Prokhorov holds a sizeable stake in the world’s largest aluminum producer and an eighty percent stake in the America’s Brooklyn Nets basketball franchise.

5. Michael Dell
Cash On Hand: $9.5 Billion
Cash As A Percentage of Portfolio: 55.9%
The man whose company started in his college dorm room has seen his company recently go from one of America’s largest public company back to being privately held.

6. Roman Abramovich
Cash On Hand: $8.7 Billion
Cash As A Percentage of Portfolio: 63%
Russia’s third wealthiest man owns a stake in the world’s largest nickel producer.

7. Mikhail Fridman
Cash On Hand: $8.6 Billion
Cash As A Percentage of Portfolio: 63.2%
Fridman has control of Russia’s largest closely held bank and second biggest food retailer.

8. Alisher Usmanov
Cash On Hand: $7.3 Billion
Cash As A Percentage of Portfolio: 48.3%
Arguably Russia’s technology finance guru. Has ownership stakes in Twitter, AirBnB, and Spotify. He invested in Facebook before ever meeting Mark Zuckerberg.

9. Viktor Vekselberg
Cash On Hand: $7.2 Billion
Cash As A Percentage of Portfolio: 50%
He controls Russia’s largest power supply company.

10. Phil Knight
Cash On Hand: $6.2 Billion
Cash As A Percentage of Portfolio: 27%
Mr. Just Do It, also known as the owner of Nike and sometimes labeled eccentric billionaire. Still pays Michael Jordan $60 million annually in royalties for Nike’s ownership of the Jordan brand that brings in revenues north of $500 million for the company.

Source: Bloomberg Billionaire Index

 

HBCU Money™ Business Book Feature – Pichon: Race and Revolution in Castro’s Cuba: A Memoir


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Revolutionary black nationalist Carlos Moore breaks three decades of silence to challenge Castro’s legacy in this controversial, behind-the-scenes memoir that explores the Revolution from a perspective of a pichón, the racist Cuban term for a black of Haitian or West Indian descent. After more than thirty years in exile, continually under the threat of retribution from the Cuban regime, Moore steps forward to reveal the truth: Fidel’s Revolution was a success for white Marxists. But for Cuban blacks, the Revolution was basically business as usual, a cover-up of their ongoing struggle for racial, political, and social enfranchisement. Fidel Castro and his men rose from the ranks of the patriarchal, white Spanish-Cuban elite, and the Revolution did not weaken those ties.