According to Money magazine, the Bureau of Labor Statistics states that Americans currently spend most of their money on housing and transportation. The Bureau of Labor Statistics breaks down the average percentage of annual spending as follows: 33% on housing 17% on transportation 13% on food 10% on retirement 10% on miscellaneous 7% on health […]
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The Fly Or Die Commerce Report: Rule 72
“There is a law called Rule 72 (72 divided by interest equals the number of years to double investment) which most people have never been taught. It’s also unfortunate that in America you can receive an elementary, high school and college education and never be taught Rule 72. If you earn 1% on your money, […]
Read the rest of this entry »The Fly Or Die Commerce Report: $1.2 Trillion
According to Money Magazine, there is $1.2 trillion of U.S. currency currently in circulation. This is an increase of the 2003 figure of $690 billion. Tweet
Read the rest of this entry »The Fly Or Die Commerce Report: “Air Pocket Stock” Defined
According to Investopedia: An Air Pocket Stock is: “A stock that experiences a sudden drop, similar to a plane hitting an air pocket. Air pocket stocks are usually the result of investors reacting to negative news…An air pocket stock isn’t necessarily in dire straits. More often than not, the abrupt, drop caused by disgruntled investors […]
Read the rest of this entry »The Fly Or Die Commerce Report: The Billion Dollar Black Hair Care Industry Edition
While perusing an old issue (May 2008) of Ebony Magazine, I came across an interesting article. The article entitled, “Koreans Capitalize On Black Beauty’s Big Business” By: Adrienne P. Samuels discusses the billion dollar hair care business that is bolstered by Black dollars. According to the article, Black people spend “between an estimated $1.8 billion […]
Read the rest of this entry »The Fly Or Die Commerce Report: Hyperinflation
Hyperinflation is a condition in which the rate of inflation is in an uncontrollable advancing state. When inflation exceeds several hundred or several thousand percentage points, hyperinflation is in effect, and a country’s money becomes greatly devalued. In this state, the price of goods also rise sky high, causing a currency’s purchasing power to plummet. […]
Read the rest of this entry »The Fly Or Die Commerce Report: FUBU Founder Discusses Business
One of the founders of FUBU, Daymond John, gives advice on how to build a business; how to cater to your customers; how to invest in, and flip, companies; making his first million dollars; raising capital for your business vs. giving up ownership. “You always just have to be somebody who really loves what you’re […]
Read the rest of this entry »The Fly Or Die Commerce Report: Taking Advantage Of Low Interest Rates
Interest rates are at an all time low. Economists have said that the interest rates have never been so low for so long. Real estate buyers are at a great advantage with a 40-year low rate. Fixed-rate mortgages are recommended in this type of economic environment. This type of mortgage will lock the interest rate […]
Read the rest of this entry »The Fly Or Die Commerce Report: Short Selling Defined
According to the online business dictionary, short selling can be defined as follows: “Profiting from an anticipated drop in the price of a commodity, financial instrument, or security by: (1) borrowing and selling it now, or by (2) selling a firm promise (futures contract) to deliver it on a later date at the current (or […]
Read the rest of this entry »The Fly Or Die Commerce Report: Bank Of America May Be Seeking To Sell Off Their Mortgages
As more mortgage holders become delinquent on their loans, and as foreclosures continue to increase in certain regions, loan providers are seeking to sell off their rights to collection. Some financial institutions are deeming the collection of mortgage payments to be too costly. Less than an hour ago, Reuters reported that Bank of America Corporation […]
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