An Essence Festival participant talks about budgeting with Tiffany “The Budgetnista” Aliche, an award-winning teacher of financial empowerment, in 2016. Aliche says of the current racial justice movement, “What comes after protests is money, and money is what will make change sustainable.” Anti-racism protests have called for action and change in our police departments and other systems that have historically oppressed people of color — including the financial system.
In addition to joining those protests, donating to organizations that fight for racial justice or shopping at Black-owned businesses, you can put your investment dollars to work for the cause.
“What comes after protests is money, and money is what will make change sustainable,” says Tiffany Aliche, a financial educator and founder of The Budgetnista.
Here are six ways to support racial justice with your investment portfolio.
1. Invest in Black-owned companies and funds that support racial justice
Kenneth Chavis, a certified financial planner at Mercer Advisors in Scottsdale, Arizona, says investing in stock of Black-owned companies can have two major advantages for investors: diversification and the potential for strong performance.Diversification — which involves spreading your investment portfolio across companies of different industries and locations — is key to reducing risk in your […]
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