Black Wealth Friday is an annual event that takes place during The weekend of Black Friday. On Black Friday, it is estimated that people of color spend 1.54 Billion dollars in a single weekend, which represents 17% of the total spending on Black Friday. Our goal, is to have people of color invest a small portion of their normal holiday spending budget instead, so that we collectively turn the largest consumer spending day of the year, into the largest wealth creation day of the year.JOIN THE MOVEMENT
The median Black family, with just over $3,500, owns just 2 percent of the wealth of the nearly $147,000 the median White family owns, according to the “Racial Wealth Divide” report. This is an opportunity to bring awareness to this reality while doing our part to move the needle forward.JOIN THE MOVEMENT
People who opt into the Black Wealth Friday Experience will be able to invest in an account of their choosing, or can choose to establish a new account with Capitalwize. This experience will take place virtually and Melanin Money will host a LIVE virtual learning experience that provides BWF Participants with tools and resources to be empowered on their journey towards wealth building. Participants will also have the opportunity to connect with other participants inside of the Melanin Millionaire’s Club and connect with other wealth builders of color.JOIN THE MOVEMENT
No, Capitalwize is a fee-only fiduciary investment advisory firm. They have partnered with Melanin Money as an official sponsor of Black Wealth Friday. If you are an existing client of Capitalwize you can invest during BWF, if not you can open a new account prior to BWF Weekend. Or you can simply open an account with any investment institution you like, and upload a confirmation of your investment here. To learn more about Capitalwize go here
Capitalwize, LLC has proven strategies that have been around for decades and use technology to make them more efficient. Our goals are aligned: to increase your long-term returns. To learn more, go here.
If you choose to invest in an account that you setup on your own, there is no minimum investment amount, If you choose to invest with Capitalwize, we recommend at least $100
This will be contingent upon your goal for the money and the time horizon associated with that goal. Whether it’s for a future major purchase, retirement or general wealth building, you can choose the one that will work best for your goals.
YES! You can invest in cryptocurrency, as well as other alternative investments.
Whether you invest with Capitalwize or open up your own account, You will have full access to your account(s) 24/7. Should you decide you ever want to make additional deposits or withdrawals, you can do that directly from your mobile app or online. You may want to consult with your advisor or a tax professional to understand if any tax implications or withdrawal penalties apply based on the nature of your account type.
Opening up an account is simple, upon deciding to join this campaign, you will receive a video lesson that walks you through step by step how to open up your account in just a few minutes.