HBCU Money™ B-School: Foreign Exchange Market (FX)

The foreign exchange market or forex market as it is often called is the market in which currencies are traded. Currency Trading is the world’s largest market consisting of almost trillion in daily volume and as investors learn more and become more interested, the market continues to rapidly grow. Not only is the forex market the largest market in the world, but it is also the most liquid, differentiating it from the other markets. In addition, there is no central marketplace for the exchange of currency, but instead the trading is conducted over-the-counter. Unlike the stock market, this decentralization of the market allows traders to choose from a number of different dealers to make trades with and allows for comparison of prices. Typically, the larger a dealer is the better access they have to pricing at the largest banks in the world, and are able to pass that on to their clients. The spot currency market is open twenty-four hours a day, five days a week, with currencies being traded around the world in all of the major financial centers.

Learn more about at http://www.gocurrency.com/articles/forex-for-beginners.htm

All About The Foreign Exchange Market In The United States http://www.newyorkfed.org/education/addpub/usfxm/

HBCU Money™ Business Book Feature – Outliers: The Story of Success

In this stunning new book, Malcolm Gladwell takes us on an intellectual journey through the world of “outliers”–the best and the brightest, the most famous and the most successful. He asks the question: what makes high-achievers different?

His answer is that we pay too much attention to what successful people are like, and too little attention to where they are from: that is, their culture, their family, their generation, and the idiosyncratic experiences of their upbringing. Along the way he explains the secrets of software billionaires, what it takes to be a great soccer player, why Asians are good at math, and what made the Beatles the greatest rock band.

Brilliant and entertaining, Outliers is a landmark work that will simultaneously delight and illuminate.

HBCU Money™ Financial Empowerment Commandments

1) To know my home is an investment in my community not a financial investment.

2) To save and invest a minimum of 25% of my after-tax income.

3) To bank with an African Diaspora financial institution.

4) To build portfolio and passive income that is equal to or greater than my earned income.

5) To measure my financial wealth by net worth, not income.

6) To review and/or discuss finances at least twice a month.

7) To help educate children in our community about business, finance, & entrepreneurship.

8) To be proactive about financial management practices and estate planning.

9) To purchase land.

10) To donate a portion of my income and wealth into African Diaspora controlled education institutions and programs as an investment in my community.

I have committed to these commandments as a means of building myself, my family, and my Diaspora. In following these commandments, I intend to pursue all available resources, wisdom, and power to build a stronger village.

Signed: _______________________      Date:____________________

HBCU Money™ Business Book Feature: Black Inventors, Crafting Over 200 Years of Success

It is not widely known in the Virgin Islands that during the 1970s- 80s and 90s, Liston Abbott, of St. Thomas USVI, was instrumental in inventing solutions that improved television signal capacity. But it is quite ironic that Caribbean inventors have had so little recognition from their own countrymen. People from the Caribbean have had a major impact on the world of innovation and invention…More recognition should be given to Caribbean people who have enlightened the world with their innovations and inventions, writes Keith Holmes, author of the recently published book Black Inventors . In fact, his book has brought to day-light information that substantiates his statement: Caribbean inventors have filed patents for a significant number of inventions…and have received world recognition and awards. Holmes lists Caribbean inventors as early as 1769, from most countries in the region including Antigua, Bahamas, Barbados, Bermuda, Cuba, Santo Domingo, Guadeloupe, Haiti, Jamaica, Puerto Rico, Martinique, USVI, St. Vincent and Trinidad and Tobago. The author has spent almost 20 years to piece together information on black inventors. His work will undoubtedly increase readers awareness that on a global scale black inventors, both past and present, have contributed in large measure to the progress made by humanity. This book documents a large number of inventions, patents and labor saving devices conceived by black inventors. Africans, before the era of their enslavement, developed agricultural tools, building materials, medicinal herbs, cloth, and weapons, among many other inventions. Though many black people were brought to the United States, the Caribbean, Central and South America as slaves, it is not widely known that thousands of them created saving devices and inventions that spawned companies which generated money and jobs, worldwide. This book is divided in three main parts: the first explores the role played by ancient African inventors; the second part focuses on native African inventors; and part three delves into black inventors by geographical location, worldwide. The material available in this book is an introduction into the world of inventions by Black inventors. It gives the reader, researcher, librarian, student and teachers the materials needed to effectively understand that the Black inventor is not one dimensional but global occurrence. This book has certainly provided an invaluable tool for those who want to research this fascinating and fertile area of world history. His book proves that without the inventors, innovators, designers and laborers of African descent, in Africa as well as throughout the African Diaspora, western technology, as we know it today, would not exist. There are many significant facts to be learned from Holmes book, for example: the invention process did not originate in Europe; from 1900 to 1999, black inventors patented over 6,000 inventions (at least 400 of them by black women), and between 2000 and 2007, blacks patented over 5,000 inventions; nowadays American icons such as Oprah Winfrey has 61 trademarks; and a significant number of black inventors live in Europe where they have patented thousands of inventions. This fascinating book ends with a very useful bibliography and a detailed and useful index.

HBCU Money™ B-School: Mineral Rights

A landowner’s right to receive a portion of the profits of any minerals that are extracted from the land. Mineral rights apply to all types of resources, such as oil and gas, ores and metals or other raw materials. The term mineral rights describes the numerous beneficial ways the owner can profit from the resources in the ground.

Mineral rights give the landowner the right to sell or profit from minerals extracted from the ground in several ways. They can be sold, developed or leased, depending upon the landowner’s needs and desires. Many landowners allow oil or other mineral companies to extract the mineral from the ground in return for the royalty income from the revenue.

Learn more terms at http://www.investopedia.com/