Black Stocks Performance - YTD 4/21/17
The portfolio is underperforming the S&P 500 year to date with a gain of 4.5%. The S&P 500 was up 4.9% for that period.
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Another way to #BankBlack is to buy stock in black-owned banks and companies. As with any investment in equities, there is risk associated with buying a stake of ownership in a company through the stock market. You should research any investment and consider your investment relative to your risk tolerance and long-term objectives. Your purchase of stock in a black-owned bank or company can help to improve their financial health and ability to grow. And in the long term, your investment can potentially grow, too.
Note that many black-owned companies are micro cap or small cap companies that are thinly-traded and may be listed on the OTC/Pink Sheets exchange and not on the NYSE or NASDAQ exchanges. As a result, they do not have the same reporting requirements and may carry a higher risk than larger companies traded on the major exchanges. Some OTC stocks may not be available for purchase with some discount or free brokers (such as the Robinhood app).
Over the course of the next month, we will track the performance of a selection of black company stocks relative to the market. At the end of each week we will post the portfolio results on the BankBlackUSA Blog. The portfolio holds 100 shares of CZBS, 25 shares of IBWC, 50 shares of MFBP, and 200 shares of ROIA. The cost basis (initial investment) for all shares is $2,138.30. For the week ending Friday, April 21st, the portfolio saw a decrease of 3.1% and underperformed the S&P 500's 0.9% increase for the week.
Charts by sigfig.com