TODAY'S BLACK EXECUTIVE AUGUST 2021 by Pastoring Today

TODAY'S BLACK EXECUTVE

WHAT IS ETF INSTRUMENT AND ITS SIGNIFICANCE IN FINANCIAL MARKET BY KEITH COOPER ETFs are one of the most valuable and important products that are specifically created for individual investors in recent years. ETFs offer a lot of different benefits. Also, if they are used wisely, they have the possibility to become the best financial vehicles for traders. To talk it out in brief, an ETF can be thought of as a basket. This basket is filled with a number of securities that can be sold or bought over a brokerage firm or a stock exchange. ETFs are offered on almost each and every asset that is conceivable in terms of traditional investments. Also, innovative structures of ETFs allow the investors to go short on the market, use leverage for their gains and to avoid short term capital gains tax. After a couple of bad beginnings, the ETFs began in '93. The product was known back then by its ticker symbol called spiders or the SPY. This became the highest traded Exchange Traded Fund in terms of volume. ETFs are expected to be responsible for around 5 trillion dollars with more than 2300 ETF products traded on the Stock exchanges in the US.

Types of ETFs Market ETFs: Created to trace a particular index like the NASDAQ and S&P 500 Bond ETFs: These are created for the traders to have an exposure to almost all the bonds that are available. Treasury, corporate, international high-yield and a lot more. Sector and industry ETFs: These are created with an aim to provide the traders with an exposure to one specific industry. Oil, for example or pharma or FinTech.

WHAT IS ETF INSTRUMENT AND ITS SIGNIFICANCE IN FINANCIAL MARKET CONTINUED… Commodity ETFs: Created to trace the price of a commodity like either oil, corn or gold. Style ETFs: Engineered to trace the style of investment or the focus of market cap. For example, such as small cap growth and large cap value.

Foreign Market ETFs: This was designed to track all the non-US markets. For example. The Nikkei index or the Hong Kong Hang Seng index. Inverse ETFs: Designed to profit from a decline in the underlying market or index Actively managed ETFs: Designed to Outrun an index. Not like most ETFs which are designed to track an index. How ETFs work: The ETFs are sold or bought just like a company stock during the day when the exchanges open. Like a stock, an ETF has a ticker symbol, and the price data is easily accessible during the intraday trading session. Behaving like an untraditional stock, the number of shares outside of an ETF can be changed on a daily basis. This is due to the fact that new shares are constantly created, and the existing shares are shown redemption. This keeps the price of the TF at par with respect to the underlying securities. TODAY'S BLACK EXECUTVE

WHAT IS ETF INSTRUMENT AND ITS SIGNIFICANCE IN FINANCIAL MARKET CONTINUED… ETFs are designed for individual investors, but institutional investors happen to have a key role when it comes to maintenance of liquidity and creation units. Creation units are known to be the biggest blocks of ETF shares. When the price of the ETF moves away from the value of the underlying asset, the institutions waste no time in positively utilizing the arbitrage mechanism that is affordable in terms of bringing the ETF price in line with that of the underlying asset. Advantages of ETFs The major advantage of ETFs is that they are easy to trade. They can be traded at any time of the day. ETFs are famous for being transparent. Since they are based on indexes. Indexes are obliged to publish their daily holdings each day. ETFs are also tax efficient in a better way as compared to traditional stocks. They are known to generate lower levels of CGD as compared to mutual funds that are actively managed. The transactions can be multiple with ETFs since they can be placed on different order types. Like stop or limit orders.

Disadvantages of ETFs: There are other investment options that are more cost efficient when it comes to trading costs. This happens when these alternate options are directly invested with a company in terms of a no-load fund.

TODAY'S BLACK EXECUTVE

WHAT IS ETF INSTRUMENT AND ITS SIGNIFICANCE IN FINANCIAL MARKET CONTINUED…

Bottom Line: ETFs, CFDs, Futures etc. are risky trading instruments and traders should research well before putting their money in any of them. Always remember, never trade on emotion and always trade on correct mathematics and the correct predictions.

TODAY'S BLACK EXECUTVE

“TBE SPOTLIGHT”

MICHAELFERRERA.COM

About Mr. Ferrera Michael Ferrera is the Founder and President of Michael Ferrera Custom Clothing, a bespoke clothier for business professionals, athletes & entertainers. Michael Ferrera is the author of the book series titled The Perfect Gentleman’s Pocket Guide, an Amazon Best Seller, to be the perfect gentleman in life’s awkward situations. Michael Ferrera has been a fashion designer since he was a child and has been designing professionally for over a dozen years. The Michael Ferrera brand is his second clothing company after he started his first casual T-shirt line while in college at UC Riverside called Maestro Tech. After graduating with a business economics degree and attending fashion design school, Michael elevated his design aesthetic to mature with his growth over time. Michael Ferrera Bespoke now specializes in one on one personal service to create the perfect fit bespoke suits, custom shirts, custom-made shoes and accessories for gentlemen who want to look and feel their best. In addition to business, Michael Ferrera is a professional scuba diver, loves traveling, sporting events and enjoys philanthropic engagements. He currently serves on the board at the Los Angeles Urban League. Michael Ferrera still resides in his hometown of Los Angeles with his wife and daughter. TODAY'S BLACK EXECUTVE

FIND YOUR LOCAL BLACKOWNED RESTAURANTS WITH EATOKRA. EatOkra is your guide to blackowned restaurants. If you'd like to support local black businesses, or maybe just find a new favorite place to eat, download the EatOkra app now.

WWW.EATOKRA.COM

Let’s Sell to the World Ready To Reach Your Goals? We Buy Black has already done the hard work of targeting your customer market. Millions of our supporters are interested in Black owned businesses who make exceptional products. If this describes you and your business, waste no more time and create your shop on We Buy Black!

WWW.WEBUYBLACK.COM

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EBAY.COM

Official Black Wall Street With over 5,000 Black-owned businesses in 10 different countries currently listed, Official Black Wall Street is one of the largest Black-owned business discovery apps. Black business owners can create a listing for their business through the app, and consumers can find Black-owned businesses of all kinds in their area, as well as access reviews, directions, photos, offers, and more. The app also allows users to receive alerts when they are near a Black-owned business so they can pop in and check it out. Official Black Wall Street was founded in 2014 by Mandy Bowman, and according to the app's About Us section, "Studies show that out of [Black Americans'] $1.1 trillion buying power only 2% is invested in Black-owned businesses. This platform was created out of a need to support businesses that are owned and operated by Black entrepreneurs to funnel more of that money back into our communities." Download Official Black Wall Street on iOS Download Official Black Wall Street on Google Play

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OBWS.COM

Shop Black Owned is an open-source tool created by the team at Coast and Janet Gardner to provide wider visiblity to Black-owned businesses and connect consumer buying power to positive economic and social change.

www.coastapp.com/shopblackowned

Support Black-Owned Businesses Your dollars have the power to create positive economic and social change. Shop Black-owned businesses in: Boston Charlotte Chicago Dallas Los Angeles New York City San Francisco Bay Seattle

AN ONLINE BLACK-OWNED BUSINESS DIRECTORY Join Color Of Change in the fight to support and protect Black businesses.

OUR BLACK BUSINESSES NEED OUR SUPPORT. Black entrepreneurs are getting the short end of the stick as they struggle to survive COVID-19, with nearly half of our businesses facing the prospect of closing their doors forever. Color Of Change's Black Business Green Book is a directory where you can find Black businesses to patronize for the holiday season and beyond, as well as resources that will help you join the fight to get Black entrepreneurs the protections and relief they are owed.

WWW.BLACKBUSINESSGREENBOOK.COM TODAY'S BLACK EXECUTVE

12 Tips For Amateur Entrepreneurs to Achieve Success in 2021 BY BEN WILLIE

Working from 9 to 5 will make everyone bored one day. So people start choosing some other ways to earn money instead of going to a job. Some start filming YouTube videos, others do blogging, but those who are ready for challenges start their own business. But not all of them become successful. If you want to make your company profitable, follow these easy tips. Choose a Direction In fact, this is far from an easy question. Most people find it very difficult to make a choice when there are too many to select from. And there really are a lot of directions in business. It's clear that you can immediately reject some of them as unsuitable, but even after that there are a lot of options to choose from. So, make a list of ten areas which you would be close to the interests, or skills. And then analyze each, sifting out the less suitable ones. What's all this for? It will help you succeed in the future. It's no secret that if you do something you're not interested in, your efficiency will be several times lower. Moreover, to get the maximum benefit, you need to organize a quality service, to work on details and minutiae, only in this way users will appreciate what you offer them. And if you have to do all this by force, then there's no quality to speak of. And what will be the difference from working for hire?

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12 Tips For Amateur Entrepreneurs to Achieve Success in 2021 CONTINUED… Create a Clear Business Plan You should memorize that starting your own business "in the heat of the moment" is the surest way to burn. Therefore, only a clear business plan, a well-thought-out idea. Of course, there are a number of businessmen who at one time did without it.

Here it was more likely luck and entrepreneurial flair played in favor of these lucky people. It is also clear that it is impossible to provide for absolutely everything. However, a business plan will help you calculate the chances and opportunities, calculate the pitfalls that are sure to appear. Much Attention Should Be Paid to Product and Marketing Again, many would say that, with the right approach, you can sell anything. There is some truth in this. However, only a few can do this. The young entrepreneur should be responsible for the quality of products and, of course, to promote his idea, to bring it to buyers. In the initial stages, you will have to invest a lot of effort and money in advertising. Never Start Your Business With Relatives One of the most common mistakes is to hire relatives (beloved wife, brother of her husband, her father, nephew, and so on). In the initial stages, a joint business may indeed bring pleasure and income.

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12 Tips For Amateur Entrepreneurs to Achieve Success in 2021 CONTINUED… Work Only With Real Clients If you tell and offer the product only to your relatives, it will lead to nothing. It is necessary to work with a live audience, learn their opinion about the product and, if necessary, adjust it. You can try out your product on special professional forums or in social networks. Planning Your Time Each day should be clearly planned. It is worth getting into the habit of keeping a daily planner. In this case, you should give priority not only to business meetings but also to rest, communication with family, sports and so on. Entrepreneurs often go headlong into business so that there is no time for rest or for family. This most often leads to physical and psychological exhaustion, nervous breakdowns and damaged relationships in the family. Every Business Needs Time Businessmen should understand that not a single business has not started to bring income immediately, literally from the first month of work. Depending on the specifics, every product needs promotion. If the entrepreneur works properly, qualitatively, sooner or later his idea will begin to bring income. Hire Qualified Employees Of course, the business consists not only of the head, but also of his subordinates, numerous employees. And here it is worth giving preference only to qualified specialists who know their business.

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12 Tips For Amateur Entrepreneurs to Achieve Success in 2021 CONTINUED… Some entrepreneurs mistakenly hire young workers (without proper experience) because their main goal is to save more money. It's true that a skilled worker will ask for more, but he will be able to work off every penny of his salary. Find a Mentor The mentor is an experienced entrepreneur with an unbiased perspective. The mentor will see weaknesses, help prevent mistakes, and suggest opportunities for growth that aspiring entrepreneurs miss out on. Look for a mentor-practitioner with experience in your field. It seems silly to grow a competitor, but it's not. Businessmen are happy to share knowledge with their peers. Make a Statement An extra motivation item for the desperate people. Post on your social media about your goal to open a business by a certain date. Fear of public failure and the interest of people you know will help you move forward. Every Customer Counts It doesn't matter if it's a wholesaler or a retail customer. Each client should be treated with respect. Later, when developing the entrepreneur will be able to choose and give preference to the most profitable partners, but even in this case you can't forget about respect.

TODAY'S BLACK EXECUTVE

12 Tips For Amateur Entrepreneurs to Achieve Success in 2021 CONTINUED…

It Is not Worth to Refuse a Permanent Job in the Initial Stages The last piece of advice is that even if a person has already launched his business, it is better for him to refrain from hastily quitting his permanent job. The main reason is that a job for hire will provide the aspiring businessman with a regular income.

TODAY'S BLACK EXECUTVE

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