My guest today helped to found the first African American owned AI ETF on the New York Stock Exchange.
The median net worth for Black households is currently $24K, compared to $188K for white households, according to McKinsey and Company. This massive wealth disparity reflects a long history of racism, including lack of access to education, financial services, and barriers to ownership. Mario Payne believes that technology can be used to fix structural problems that have plagued the Black community for hundreds of years. Artificial intelligence (AI) has the potential to transform financial services and equity ownership. Mario made history in February 2022. The company he co-owns, launched the first African American owned AI ETF on the New York Stock Exchange. The symbol is LETB. The goal of this fund is to limit investment losses while maximizing gains. Mario generously shared his views on maximising income, getting started in the market, and some tips on learning about investing.
Find out more at the blog post: https://www.stocksforbeginners.net/blog/toams
and: @Toamsfinancial on the socials, www.toamsfinancial.com/ and letbob www.letbobetfs.com and www.letbob.com.
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