Investing Port RSS Feed All the latest news from Investing Port https://www.investingport.com Black Millionaires: Shaquille O’Neal What is Shaquille O'Neal's net worth?Age42 (March 6, 1972)EducationFulda American HS (Fulda, Germany), Robert G. Cole (San Antonio, Texas); LSU (1989-1992)ProfessionFormer professional basketball player, sports analyst, TV hostNationalityAmericanNet Worth$400 millionSpouse(s)Shaunie Nelson (m. 2002, div. 2009)Shaq O’Neal is an American former professional basketball player. He is currently a sports analyst on a television program Inside the NBA, which airs on TNT. He is widely regarded as one of the best players in NBA history. He was also one of the tallest and heaviest players at 7 ft 1 (in 2.16 m) tall, weighing 325 pounds (147 kg). All through his career, O’Neal played for six teams, over a 19-year period. Early life and educationShaquille Rashaun “Shaq” O’Neal was born on March 6, 1972, to Lucille O’Neal and Joe Toney, in Newark, New Jersey. O’Neal’s biological father, Joe played high school basketball and was an All-State guard. He was also offered a basketball scholarship at Seton Hall. However, Joe Toney struggled with drug addiction and was imprisoned for drug possession when Shaq was only an infant. Upon his release from prison, he relinquished his parental rights as a father to Shaq’s stepfather, Phillip A. Harrison, an Army Sergeant. Because of the nature of his step-father’s job, the family moved from military bases in Germany and Texas.O’Neal would later sing about his biological father with disdain. In his 1994 rap album Shaq Fu: The Return, O’Neal expressed his displeasure with his biological father. After Phillip Harrison’s death in 2013, O’Neal met his biological father for the first time in 2016 and he told him, “I don’t hate you. I had a good life. I had Phil.”At Robert G. Cole High School in San Antonio, Texas, O’Neal took a full interest in playing basketball, leading his team to a 68-1 record. He also helped the team win the state championship in his senior year. College CareerO’Neal went on to study business at Louisiana State University, after graduating from high school. By the time O’Neal began playing for coach Dale Brown at LSU, he was already a two-time All-American, two-time SEC Player of the Year. He had also received the Adolph Rupp Trophy as NCAA men’s basketball player of the year in 1991. O’Neal’s time at LSU was short spent as he soon left to pursue his NBA career. He later continued his education after becoming a professional basketball player and was later inducted into the LSU Hall of Fame. To date, a 900-pound bronze statue of Shaq O’Neal is planted in front of the LSU Tigers Basketball Practice Facility. Professional CareerIn the 1992 NBA draft, the Orlando Magic drafted O’Neal with the 1st overall pick. O’Neal wore the No.32 Jersey because it was the closest to the No.33 Jersey which Abdul-Jabbar wore, who was a major inspiration to O’Neal. On getting to the Orlando Magic, he still maintained the No.32 because Terry Catledge wouldn’t relinquish the No.33 jersey to O’Neal. In his very first season with Orlando Magic, O’Neal was named Player of the Week in his first week in the NBA. He also became the first player to do so. Throughout his rookie season, O’Neal had a scoring average of 23.4 points on 56.2 percent shooting, including 13.9 rebounds and 3.5 blocks per game. O’Neal was named the NBA Rookie of the Year in 1993 and was also the first rookie to be voted an All-Star starter since the time of Michael Jordan in 1985.By the 1993-94 season, O’Neal’s second season, he had improved his scoring average to 29.4 points, leading the NBA in field goal percentage at 60%. O’Neal registered his first triple-double of his career with 24 points alongside career-highs of 28 rebounds and 15 blocks. He was voted into the All-Star game and eventually made it to the All-NBA third team.In his third season (1994-95) with Magic, O’Neal led the NBA, averaging 29.3 points, and finishing second to David Robinson in MVP voting. In this season, the Magic won against the Boston Celtics in the 1995 NBA Playoffs, their first win ever. They also defeated the Chicago Bulls in the conference semifinals. The Magic made it to the conference finals, facing the defending champions, Houston Rockets. O’Neal averaged 28 points on 59.5% shooting, 12.5 rebounds, and 6.3 assists. Although they didn’t win the game, it was one of O’Neal’s best games yet.For the major part of the 1995-96 season, O’Neal was injured, missing 28 games in all. Despite O’Neal’s injuries, the team still finished with their regular season record of 60-22 and came in second in the Eastern conference next to the Chicago Bulls. At the end of the season, O’Neal became a free agent. In the summer of 1996, he was named to the United States Olympic basketball team. The team won the Olympic gold medal in Atlanta. Prior to that, on the Team US first full day at the Olympics in Atlanta, the media announced O’Neal’s 7-year contract with the Los Angeles Lakers for $121 million. In response to the rumors of him (O’Neal) joining the Lakers for the money, he said:“I’m tired of hearing about money, money, money, money, money. I just want to play the game, drink Pepsi, wear Reebok.”In the 1996-97 season, the Lakers won 56 games with O’Neal averaging 26.2 points and 12.5 rebounds in his first season with them. In his first playoff with Lakers, O’Neal scored a total of 46 points against the Portland Trail Blazers. However, due to injuries again, O’Neal missed over 30 games. The Lakers still made the playoffs that season. By the 1997-98 season, O’Neal had increased his scoring average to 28.3 points and 11.4 rebounds. With the teenage superstar Kobe Bryant on board and the expertise of O’Neal, the Lakers were in for big wins in the coming seasons. While the Lakers had two of the big names in basketball on their team, they failed to bring in the championship and O’Neal continued to battle with injuries. The leadership of the Lakers was changed, with the appointment of Phil Jackson as the new head coach in the 1999-00 season. Phil was a major challenge to O’Neal and forced him to step up his defensive game. With better leadership on board, the team won the championship that year and the next two years in a row. In 2004, O’Neal was traded to the Miami Heat, signing a five-year contract worth $100 million with the team by the following year. By the following year, the Heat clinched their very first championship title against the Dallas Mavericks.O’Neal’s last batch of long-term contracts was in 2008. He was traded to the Phoenix Suns, and for the first time since his rookie days, he failed to make the playoffs. At the end of his first season with the team, he was traded to ease up the budget. He spent a short while with the Cleveland Cavaliers and played his final season with the Boston Celtics.Off-court CareerIn the early 1990s, Shap ventured into the music industry and was fast rising to become a popular hip-hop and rap artist. He released his first album, Shaq Diesel, in 1993. To date, he continues to DJ and produce music. He was also featured as a guest in movies such as Blue Chips and Kazamm; as well as television shows like Curb Your Enthusiasm and The Parkers.O’Neal has also been an active investor in the stock market and real estate since the 1990s. It was announced on March 22, 2019, that he would join the Board of Directors at Papa Johns, earning $8.25 million in salary and stock over the next three years. He is also investing $840,000 of his money to buy 30% of Papa Johns’ 9-unit franchise in Atlanta.]]> Fri, 03 Jul 2020 11:18:13 EST https://www.investingport.com/black-millionaires-shaquille-oneal/ https://www.investingport.com/black-millionaires-shaquille-oneal/ Black Millionaires: Damian Lillard What is Damian Lillard's Net Worth Age29 years (July 15, 1990)EducationProfessionProfessional basketball playerNationalityUnited States of AmericaNet Worth$70 millionSpouse(s)-Damian Lillard is an American professional basketball player with the Portland Trail Blazers where he is currently a point guard. In 2013, Lillard was named Rookie of the year, and by 2014 he signed a four-year contract with the Portland Trail Blazers at $3.202 million per year. In 2019 he signed a contract extension which placed him on the list of highest-paid NBA players in history, with an average annual pay of $40 million within the 2024-2025 season. Early life and educationDamian Lamonte Ollie Lillard was born on July 15, 1990, in Oakland, California. Lillard spent his childhood in Oakland and attended high school there as well. In his sophomore year, Lillard was transferred to St Joseph Notre Dame High School Alameda, California; but by the end of the year, he transferred schools again as a result of a lack of playing time. At Oakland High School, Lillard played for the team under coach Orlando Watkins.Lillard was First Team All-League in both his junior and senior years. As a junior, he averaged 19.4 points, and as a senior he averaged 22.4 points with 5.2 assists per game, playing with the Oakland Oakers. Even though he had potentials, Lillard was not heavily recruited out of high school, he was rated as a two-star prospect by Rivals.com. After graduating from high school, he enrolled at Weber State University, where he also played basketball for the school team. His basketball career kicked off while at Weber. Early CareerLillard accepted a scholarship offer to play for Weber State. As a freshman at Weber State University, Lillard only averaged 11.5 points. He was also named the Big Sky Conference Freshman of the Year and first-team All-Big Sky. By his second year, he averaged 19.9 points per game, also leading the Wildcats to the Big Sky Conference championship. Soon enough, Lillard averaged 24.5 points and topped the scoring board throughout most of the year (2010-11 season), but still finished second to Reggie Hamilton of Oakland University. In December 2011, Lillard and his team played against San Jose State. Lillard scored a total of 41 points, a college-career-high, as well as a game-clinching three-point play which gave Weber State a 91-89 double-overtime win. He was named the first-team all-conference selection for the third time, and also won his second Big Sky Player of the Year award, at the end of the year. He also made it to the Bob Cousy Award selection as a finalist.Having recognized his abilities and prospects as a top point guard, Lillard made the decision to enter the 2012 NBA draft, skipping his senior season. His college career ended with him being the No.2 scorer in Weber State history with a total record of 1,934 points and the No.5 scorer in Big Sky history.Professional CareerIn 2012, he caught the attention of the Portland Trail Blazers basketball team during a playoff where he was drafted in the first round as the sixth overall pick. In the same year, he was named co-MVP of the NBA Summer League. By the following year, he won the NBA All-Star Weekend Skills Challenge of 2013 and was later named the Western Conference Rookie of the Month for the whole season. He was also named the NBA Rookie of the Year in 2013.In the 2013-14 season, the first All-Star selection, Lillard scored a total of 32 points against the Phoenix Suns. By December that year, he scored another 32 points against the Dallas Mavericks. Still, in the same month, he scored 36 points against the Cleveland Cavaliers, including 10 assist and 8 rebounds. On December 18, he scored 36 points against the Minnesota Timberwolves. On January 7, Lillard scored career-high 41 points against the Sacramento Kings in a 123-119 loss. Lillard became the first player in NBA history to play in five different events during the All-Star weekend: the Rising Stars Challenge, Slam Dunk Challenge, Three-Point Contest, Skills Challenge, and the main All-Star Game. In all the 82 games of the 2013-14 season, Lillard started all 82 games, with a scoring average of 20.7 points, 5.6 assists, and 3.5 rebounds per game. At the end of the season, he was named to the All-NBA Third Team.In the 2014-15 season, Lillard again started all 82 games for his team, the Trail Blazers. He also averaged career-high points, alongside steals, rebounds, and field goal percentage. The season wasn’t his best season as he averaged a career-low of 34% from three-point range. He played well in only the first two months of the season but struggled through the rest of the season. Yet, he made an impact in the three-pointers scoring, setting the record for the most three-pointers in a player’s first three seasons.In the 2015-16 season, Lillard signed a five-year contract extension worth $120 million, with the Trail Blazers. After a terrific 2016-17 season, Lillard was named the recipient of the Magic Johnson Award for the season. The award honors the player who is best combines effectiveness on the basketball court as well as composure and dignity when dealing with the media and the public. Earnings and contractsThrough the June 2017 and June 2018 season, Lillard earned $40 million from his salary and other endorsement deals. Between June 2018 and June 2019, he earned $65.3 million from his NBA salary alone. Over the following 12 months, he earned $37 million from all his income sources.It was announced on June 30, 2019, that Lillard agreed to a new “supermax” contract with the Portland Trail Blazers, a four-year deal worth $196 million. The four-year deal also provides Lillard player option for $54.3 million in the last year of the extension.Music CareerBesides playing professional basketball, Lillard is also a hip-hop artist and rapper. He goes by the name Dame D.O.L.L.A., which means Different On Levels the Lord Allows. H released his first full length single titled Soldier in the Game in July 2015. Lillard also released his debut album called The Letter O in 2016. The letter “O” represents his journey in life: from Oakland to Ogden, now Oregon. He also wears the No. 0 on his jersey as a reminder of his journey.Lillard’s second album was released on October 6, 2017, titled Confirmed, and his third album Big D.O.L.L.A was released on August 9, 2019, where he featured top artists like Lil Wayne, Jeremih, and Mozzy. He also owns a record label called, FrontPage Music.]]> Fri, 03 Jul 2020 11:14:44 EST https://www.investingport.com/black-millionaires-damian-lillard/ https://www.investingport.com/black-millionaires-damian-lillard/ Robert F. Smith Robert F Smith's interview with the Breakfast Club. Billionaire Robert Smith On Providing Small Business Relief Through Quick Base SoftwareWho is Robert Smith the billionaire?Robert Smith is an American businessman, investor, chemical engineer, and philanthropist. He is also the founder, CEO, and chairman of Vista Equity Partners, an investment firm.Robert Fredrick Smith was born on December 1, 1962, to the family of Dr. William Robert Smith and Dr. Sylvia Myrna Smith in Denver, Colorado. Smith attended the Carson Elementary School and East High School in Denver where he completed both his elementary and high school education.]]> Fri, 03 Jul 2020 04:54:02 EST https://www.investingport.com/robert-f-smith/ https://www.investingport.com/robert-f-smith/ Stock Market annual holidays 2020. Below is the list of Stock Market Holiday Schedule. New Year's Day. Martin Luther King, Jr. Day. Presidents' Day. Good Friday. Memorial Day. Independence Day. Labor Day. Thanksgiving DayStock market Holiday Date. 2020 New Years Day January 1st Martin Luther King, Jr. DayJanuary 20th Washinton's Birthday/Presidents DayFebruary 17th Good Friday April 10Memorial DayMay 25thIndependence DayJuly 3rdLabor DaySeptember 7Thanksgiving DayNovember 26Christmas December 25List of holidays observed by the NYSE and other stock exchanges in America.New Year's DayMartin Luther King, Jr. DayPresidents' DayGood FridayMemorial DayIndependence DayLabor DayThanksgiving DayChristmas DayStock Exchange Trading Hours. The New York Stock Exchange (NYSE) has regular trading hours from 9:30 a.m. to 4 p.m. local time, unless there's an early close.The Nasdaq is an electronic trading marketplace for stock/securities trading. It has a Pre-market trading time from 4 a.m. to 9:30 a.m. local time, and after-hours trading time from 4 p.m. to 8 p.m. The regular trading hours begin for the Nasdaq trading platform is from 9:30 a.m. and end at 4 p.m.3Canada's stock exchange trading hours: Toronto Stock Exchange opens from 9:30 a.m. to 4 p.m. on weekdays.Asia Stock Exchange Trading HoursThe Shanghai Stock Exchange opens at 9:30 a.m. and closes at 3 p.m. local time, and it observes a lunch period from 11:30 a.m. to 1 p.m.Japan's Tokyo Stock Exchange opens at 9:00 a.m. and closes at 3 p.m. local time, and it also observes lunch period from 11:30 a.m. to 12:30 p.m.The Stock Exchange in Hong Kong opens at 9:30 a.m. and closes at 4 p.m. local time, and it also observes lunch period from 12 p.m. to 1 p.m.7Europe Stock Market Trading HoursThe London Stock Exchange opens on business days at 8 a.m. and closes at 4:30 p.m. local time with no lunch period observed.Euronext Paris market opens at 9 a.m. and closes at 5:30 p.m. local time with no lunch period.The Swiss Exchange opens at 9:00 a.m. on business days. closes at 5:30 p.m. local time and with no lunchtime observed.]]> Thu, 02 Jul 2020 16:14:32 EST https://www.investingport.com/stock-market-annual-holidays-2020/ https://www.investingport.com/stock-market-annual-holidays-2020/ Is the stock market open tomorrow July 3rd , 2020 This weekend is the 4th of July weekend and if you are wondering if the stock market will be open tomorrow, we have an answer for you. If you are a stock market enthusiast then this may not be the answer that you want to hear as there will be no action for you tomorrow. On July 3rd, 2020, the Friday leading to the 4th of July, the stock market will be closed to observe America's independents day. Trading will resume on Monday, July 6, 2020.What time does the stock market open List of stock market holidays 2020]]> Thu, 02 Jul 2020 16:11:36 EST https://www.investingport.com/is-the-stock-market-open-tomorrow-july-3rd-2020/ https://www.investingport.com/is-the-stock-market-open-tomorrow-july-3rd-2020/ Kim Kardashian Net Worth Owing to the recent news making the round that Kim Kardashian's net worth has finally hit a billion-dollar as a result of the recent $1 billion investment into KKW Beauty, the truth is yet to be ascertained by Forbes. The news might not likely be so because the billion-dollar investment is based on a sole transaction. Also, Forbes stated that Kardashian West's net worth is likely to be around $900million. Kim Kardashian West's beauty brand was estimated to have hit a billion dollars after the $200 million investment from Coty. However, this does not necessarily mean that the Reality TV show star had hit the mark and now a member of the three comma club. To become a member, Forbes reveals that, not only would the asset and financial status of the individual be worth more than $1 billion, he or she must also be free from all debts.After Coty's 200 million investment in KKW Beauty, media outlets from Daily Mail and Vanity Fair started referring to Kim as a billionaire. Aside from this, Kanye West also revealed in his tweet that his wife is now a billionaire. However, the reality is more complex as the current estimate is based on a sole transaction. What is Kim Kardashian's Net Worth According to Forbes, Kardashian West's current net worth is $900 million. The magazine also stated that the current "sky-high" valuation is likely as a result of a social media presence than actual fact. Added to this, that the company hit a $1 billion transaction does not necessarily mean that it has made $1 billion. The current net worth that is making the round is solely a product of Coty's new investment. Such valuation is always written down and used to calculate the company's actual net worth. The valuation is not taken as the real net worth itself.According to Forbes, when estimating a person's net worth, it prefers to lop off at least 10% of private assets. Furthermore, Forbes is still in doubt that Kim Kardashian is the sole owner of the Kim Kardashian West Beauty company. This is because Kardashian West's mother, Kris Jenner, claims to own 8% of the business. As it is, neither of them has responded to Forbes' question on the recent developments.Kanye West is struggling to be in the billionaire list but it appears Kim Kardashian West is not yet there Early this year, in an analysis of both Kim Kardashian West and her husband Kanye West's lobby to be added to the Forbes Billionaire list, it was revealed that the couple owns $21 million in real estate, $35 million in stocks, $21 million, $297, 050 of livestock, and $3,845,162 worth of vehicles. However, there is no clear cut explanation of how these assets are divided among the couple. Forbes also revealed that the couple shares a debt of $53 million. Aside from money made through KKW, Kardashian West also earns from her shapewear brand Skims, social media posts, and her family Reality TV show "Keeping Up with the Kardashians.According to Forbes, to make it to the list of billionaires, Kim Kardashian assets would have to be more than $1 billion having subtracted all her debts. From all indications, Kim Kardashian is not there yet. Forbes also revealed Kardashian West's sister, Kylie Jenner suffered the same situation last year when the same Coty company invested in her Cosmetics company. This raised the company's valuation to $1 billion and the news went viral just as Kim Kardashian is currently going viral. In fact, Forbes declared Kylie as the world's youngest self-made billionaire only to revoke this by May. Although Kylie denied ever misleading the magazine, Forbes is trying not to allow history to repeat itself. ]]> Thu, 02 Jul 2020 14:49:01 EST https://www.investingport.com/kim-kardashian-net-worth/ https://www.investingport.com/kim-kardashian-net-worth/ LeBron James Net Worth LeBron James is an award-winning superstar and a four-time league MVP who has built an empire of endorsements deals, big contracts, and sponsorships for himself. He was drafted into the league in 2003, and he instantly became a millionaire. Throughout the 17 years of his career, his journey has been accompanied by different great achievements.James's dedication to his career, his numerous achievements, endorsements, and deals have skyrocketed his net worth and made it what it is today. Added to this, today, James is estimated as the highest-paid athlete.What is Lebron James Net WorthIn 2018, Forbes revealed that LeBron James estimated net worth was $450 million. In the following year, James made it to Forbes list of highest-paid athletes. Prior to this period, towards the end of 2018, James signed a four year $155 million contract with the Lakers. After his agreement to the deal, his net worth was estimated at above $1 billion. However, this season, he ended the contract and made $37.5 million from this.Investingport thinks Lebron James 2020 net worth should be about $750 million, this is our guess based on his salary and off-field deals. How LeBron James takes care of his assets on and off the field. List of Lebron James' endorsementsMost of James' achievements that necessitated his current net worth are products of his diverse investments. For instance, before the cancellation of the contract, Per ESPN’s Darren Rovell revealed that James' new contract will push him into the 10 figures mark but 65% of his net worth would be a product of his numerous endorsements and deals. Some of his highest endorsements and deals include KIA Motors, Beat by Dre, Coca-Cola, and NBA2K. His endorsements include a lifetime deal with Nike who is to pay him $1 billion when he turns 65. In 2019, James added more deals to his portfolio by signing an agreement with Walmart and Rimowa Luggage. He also engages in other fantastic deals including deals with State Farm Insurance, Upper Deck Trading Cards, Baskin Robbins, Dunkin Donuts, Intel, Verizon, and Audemars Piguet.Furthermore, James also owned about 14 franchises in Chicago and South Beach all of which he got from his partnership with Blaze Pizza - a California-based Pizza chain.King James' Entrepreneur life Being an entrepreneur, James started his own production company named SpringHill Entertainment and media company Uninterrupted. He also teamed up with fellow celebrities like Arnold Schwarzenegger, Cindy Crawford, and Lindsey Vonn to launch a health and wellness company called Ladder. His production company would soon be launching the long-awaited sequel to 1966’s space Jam starring Michael Jordan – a former Chicago Bulls star. According to recent news about the movie, the company is working in conjunction with Warner Brothers to release the movie by 2021.In terms of his career contracts, while working with Cleveland Cavalier, James made over $169,884,342 in 11 seasons, in Miami Heat, he made $64,008,659 in four seasons, and made $73,091,008 in just two seasons with the Los Angeles Lakers. At 35, the super athlete was averaging 25.7 points, 7.9 bounds, and a career-high 10.6 assists per game while leading the Laker s to a Western conference-best 49-14 record. All of these are what made LeBron James the successful superstar that he is today. Currently, James is the world's highest-paid athlete. And it is not unreasonable to think that by the end of 2020, his net worth would be way above a billion dollars. What is Lebron James Instagram account handle?Lebron James is very active on social media, his Instagram handle is @kingjames]]> Thu, 02 Jul 2020 14:22:15 EST https://www.investingport.com/lebron-james-net-worth/ https://www.investingport.com/lebron-james-net-worth/ How to form an investment club As beautiful as an investment club is, there are some things to consider before building or joining one. An investment club is not just what you start out of the blues neither is it built on a short term goal. When you plan adequately before starting one, your investment club can be a place where you learn about financial responsibility and how to build wealth. Also, the investment club can help you achieve your investment goal on time. Before examining the steps on how to build an investment club, there are a few things to consider.What is an investment club?An investment club is a team of like-minded investors who have come together to work as a body and achieve a collective investment goal. According to Lanta Evans-Motte, a financial advisor at Raymond James Financial Service, an investment club is a great way to learn about investment and become more knowledgeable about investment. An investment club is a place where investors join hands together to make a good return on investment. As a member of an investment club, you would benefit from investment knowledge shared by other members of the club and from the in-depth investment research of the club. The investment club provides you with investment power. For instance, as an individual investor who wants to invest in the stock market, you might want to just invest $50, but in an investment club of 12 persons, you all might decide to gather the $50 and collectively invest $600 dollars. In so doing, every member of the club benefits from additional leverage on investment. Joining an investment club built on a collective goal is one of the best ways to get started as a beginner.However, if you are planning to build an investment club, below are the steps to establish a good one.Steps to form an investment clubMembers of the clubThe first step toward creating an investment club is to find the members who are going to be part of the club. However, it is important to note that, among the steps and strategies of creating an investment club, this is the hardest. The reason for this is because the members of the club are not only going to be people who are ready to write a check alone. They must also be willing to put in their time and idea to the development of the club. The success of the investment club is dependent on the dedication of your team.From research, the minimum number of members for an effective investment club is 5 while the maximum is 20, keep in mind that there is no set minimum or a maximum number of members. When deciding on the number of investors that would be part of your club, keep in mind that the smaller the number, the more money you will contribute for investment, and the higher the number, the more difficult it is to manage the members and have an effective meeting. Hence, do not allow your club members to be too small or too many. For a start, you can set an initiation fee for investors who would be part of your club. Some clubs even set an initiation fee that is higher than the monthly contribution of the members. This is to ensure that anyone who will be joining the club will be ready to dedicate himself or herself to the success of the club.Set a structure for your clubHaving decided on the members of your club and the number, the next step is to create a working structure for your investment club. For the basis, the club should agree on the following:Club directorThis includes those that would be managing the affairs of the club. They would include the president, the vice president, the treasurer, and his or her assistance, and the secretary. These offices are crucial to the effectiveness of the club and should not be left vacant. While it is okay to have a President without the assistance, it is not okay to have a treasurer without assistance. This is because what you are dealing with in the club is money. As such, it is better to have at least two persons overseeing the club's money. When deciding on those to handle the affairs of the club, decide on their tenure too, and the job of each office. Also, ensure that those that will be filling these posts are trustworthy and discipline. A good leader would hasten the achievement of the club's goal but a bad one might lead to the ruin of the clubTime and placeAfter deciding on those to handle the affairs of the club, the next on your list should be the time and place to meet. If the members of the club are not too large, you could decide to make it a home meeting. Aside from the place, decide the time too. For instance, as a team, you can decide to meet once a month, twice or more. Whatever decision you make, ensure all the members of the club agree on this so as to avoid any inconveniences.Set the rules that would guide the clubFor any investment club that aims to progress and achieve its goal, there should be a set of rules guiding the club. Ensure you have a semi-defined rule for buying and selling an investment, how to handle payout and distribution, how to handle a member who wants to quit, and also how to handle anyone who wants to join the club. Do not just take decisions when the need arises. Have a rule that guides every new development in the club.Get a legal structureThe most common legal structure for an investment club is a partnership. The investment club is like a brokerage account. As such, you cannot open a brokerage account without a legal structure. For the effectiveness of your club, you will need either a partnership agreement or an operating agreement. This can be settle by getting a lawyer or choosing any of the available online options, for instance, Nolo or RocketLawyer. Also, you will need to register your investment club to get an EIN (Employer Identification Number) from the IRS. After getting a defined legal structure, the next step is to open a brokerage account. Although this can be done from full-service brokerages, their charges might be too high. For a cheap investment club brokerage account, you can visit TD Ameritrade. When opening the brokerage account, you would need the copies of your legal agreement and EIN. Set a goalAnother important thing to consider when creating an investment club is the goal of the club. Since you already have a team and have agreed on some decision, choose an investment goal as a team. Ensure that every member of the club agrees to this goal. The ultimate goal of an investment club is that all members of the club get a good return on investment. As such, just as an individual would have a clearly defines the goal for the investment, the investment club should also have a goal, strategy, and philosophy that would guide the investment. Typically, the goal of an investment club should focus on the long-term. It is not ideal to base your goal on a short-term investment. When creating a long+term goal, ensure that all the members agree on this. This is because a member of the club cashing out on time before others can cause serious damage to the investment of the club. Also, it is advisable to decide on the type of investment. It will be very damaging to the club investment if some members of the club are advocating for high-risk stocks while others want blue chips. Identify a target sector, delegate research areas to the members of the club, and gather your findings for further discussion. After this, the club can invest. Notwithstanding, it is noteworthy that the strategies and guidelines guiding an investment club are not stagnant. This might change as the investment club grows. Some of the factors that can trigger the change include the age of the members, financial status, and new members leaving the club and others joining the club. All these can trigger a change in the strategies and guidelines of the investment club. Let the rules guiding your club be flexible enough to accommodate changes.Create a strategyThe goal of an investment club works hand in hand with the strategies formulated to achieve the goal. An investment club strategy includes the rules and limitations guiding the club's investment. It includes the type of portfolio the investment club wants to have. For instance, as a club would you want a trading portfolio or an investment portfolio or a combination of both. Have some funYour investment club would become too boring if all you do is talk about investment. When a goal is achieved in the club, have some fun. Organize some good get together moment and party. You can decide to meet in a member’s house, organize some fun moment, cook, eat and celebrate. Remember, every good win is worth celebrating. ]]> Thu, 02 Jul 2020 14:04:32 EST https://www.investingport.com/how-to-form-an-investment-club/ https://www.investingport.com/how-to-form-an-investment-club/ Oprah Winfrey: Net Worth, Biography What is Oprah Winfrey's Net Worth? Oprah Winfrey is an American media mogul and author. Popular for her iconic show, The Oprah Winfrey Show which ended in 2011, Oprah well-dominated her industry. She made multiple achievements and is still relevant as an influencer in the United States, to date. Winfrey’s net worth currently stands at $2.8 billion, making her one of the rich and influential Black women in the United States. In the course of the years, Winfrey has had to deal with discrimination, poverty, and abuse issues; notwithstanding, she stands strong.Early Life and EducationOrpah Gail Winfrey was born on January 29 in Kosciusko, Mississippi. Her mother, Vernita Lee was an unmarried teenage maid, and her biological father, Vernon Winfrey was in the Armed Forces as of the time of Oprah’s birth. She was given the name “Orpah” at birth, a name with a Biblical reference in the book of Ruth. However, due to the mispronunciation of the name by many people, the name “Oprah” stuck with her. Being born to an unmarried teenage housemaid, with no father figure active in her life, Winfrey and her mother moved in with her grandmother. The family lived in abject poverty barely having what to eat or wear. Years later, Winfrey would remember how she forcefully had to wear potato sacks to school. At the age of 6, Winfrey and her mother moved to Milwaukee where her mother got another job as a maid. It was during this time that her mother got pregnant again and gave birth to Oprah’s younger sister, Patricia who would later die of cocaine in 2003. Oprah had a half-brother from her father’s side named Jeffery who would also later die in 1989 from AIDS.At the age of 12, Oprah was sent to live with her father Vernon in Nashville. After putting up with a lot of abuse, Oprah ran away from home at the age of 13. By 14, she also got pregnant with a son but lost the child due to premature birth.Winfrey had initially started high school at Lincoln High School in Milwaukee and eventually earned a transfer to an affluent suburban school called Nicolet High School after excelling in a special program organized. Her stay there was short-lived, as she had to return to Nashville after some troubles. She continued her high school education at East Nashville High School, where she began to blossom. At age 17, Winfrey won a Miss Black Beauty Tennessee pageant which opened the way for her to work a part-time job at WVOL, a local black radio station, where she worked as a news anchor. In spite of her challenging background, Winfrey was a bright student. After graduating from high school, she got a scholarship to Tennessee State University to study communication. A year later, she left school to pursue a full-time career in media, at age 19.CareerIn the early 1970s, Winfrey got her first television job at WLAC-TV (now WTVF) in Nashville, Tennessee, at the age of 19. By 1976, she transferred to WJZ-TV, an affiliate of ABC in Baltimore, Maryland. Winfrey’s goal was to report the news, however, she failed to maintain the objectivity needed to report the news. With that, she switched to something more conducive, a morning talk show called People Are Talking. The show first aired in 1977 with Winfrey as the host. Her free-spirit and improvisational skills helped her connect with her guests, creating a good rapport with them, which in turn allowed them to feel comfortable about sharing their personal stories on air. It was only a matter of time before Winfrey’s show beat Phil Donahue’s program, based on local ratings.In January 1984, WLS-TV, ABC’s affiliate offered Winfrey a slot for a 30-minute talk show called AM Chicago. Within a one-year span, the show jumped from last place to one of the top-rated shows. In 1986, Roger Ebert, a legendary film critic encouraged Winfrey to license her show through syndication, this would enable her to reach a national audience. Her program People Are Talking was renamed The Oprah Winfrey Show. Winfrey got her license to reach a wider audience, and she became the first African American television host to be nationally syndicated. Her show also expanded from 30 minutes to an hour length. By the close of that decade, Winfrey launched Harpo Inc., a television production company. She became the first black person and the third woman in the US to own and control her own studio.As Winfrey’s ratings and viewership continued to grow, she shifted focus from focusing on only sensational and relationship related issues to more serious issues like gender and sexual intolerance, child molestation, and racism. By 1995, Winfrey became the richest black woman in entertainment with a net worth of $340 million. In 1996, Winfrey co-founded her influential Book Club. She also laid the foundation of O, The Oprah Magazine, and co-authored in multiple books. In 1998, Winfrey co-founded Oxygen Media, a programming company focused majorly on women. Winfrey first attained billionaire status in 1999-00, and she became America’s first black female billionaire. At this time, she was earning $300 million per year producing her own show. She currently stands as the richest self-made woman in America.Other projects and endorsementsAsides being a media mogul, influencer, and the richest black woman, Oprah is also a board member of the Weight Watchers, a position she has occupied since 2015. As of the time she was brought in to the company, she was awarded $43.5 billion worth of equity which has since grown to be worth $400 million. In 2019, she signed a multi-year deal with tech giant, Apple to produce shows for the company.Winfrey has also featured in a couple of movies as an actress, including 1985 The Color Purple, 1988’s Beloved, 2013’s The Butler, and 2014’s Selma.In addition to her acting roles, she has also been nominated for two Academy Awards: best supporting actress for The Color Purple and producer for Best Picture for Selma. In addition, Winfrey has won 18 Daytime Emmy Awards, one Golden Globe, two Primetime Emmys, and one Tony Award.]]> Thu, 02 Jul 2020 07:45:34 EST https://www.investingport.com/oprah-winfrey-net-worth-biography/ https://www.investingport.com/oprah-winfrey-net-worth-biography/ Kevin Hart: The Funniest Black Millionaire Kevin Hart's Net Worth Date of BirthJuly 6, 1979 (40 years old)EducationCollege dropoutProfessionComedian, Actor, Television Producer, Film Producer, ScreenwriterSpouse(s)Torrie Hart (m. 2003, div. 2010), Eniko Parish (m. 2016)Net Worth$200 millionHow much is comedian Kevin Hart worth?Kevin Hart is an American actor, comedian, producer, and spokesman. He is one of the highest-paid entertainers in the world today, with a net worth of $200 million. From his multiple income streams such as movies, touring, endorsements, merchandise, and others. Hart earns tens of millions yearly. Between August 2015 and August 2016, Hart earned a total of $90 million. The following year, between June 2017 and June 2018 he earned $60 million, and another $60 million between June 2018 and June 2019. Within the last 12 months, he has earned $40 million.Early Life and EducationKevin Hart was born on July 6, 1979, to a single mother, Nancy Hart, in Philadelphia. His mother, Nancy worked as a systems analyst in the Office of Students Registration and Financial Services at the University of Pennsylvania. Hart and his older brother, Robert were both raised singly by their mother. Their father, Henry Witherspoon was a cocaine addict who had little time for family and spent most of his days shuffling in and out of jail. Years later, Hart would build his comedy career sharing his experiences with his father and life in general. In a few of his stand-up acts, Hart mentioned his difficult relationship with his father. As a type of coping mechanism, Kevin developed a sense of humor to drown the intensity of his current realities, and as a way to take his family’s misfortunes off his mind. To date, Hart speaks well of his mother who died of cancer in 2006. Hart attended George Washington High school to obtain his high school diploma. On graduating from high school, he attended Community College of Philadelphia for a short while, then moved to New York City. He eventually moved to Brockton, Massachusetts to work as a shoe salesman.How did Kevin Hart become rich?Kevin Hart officially began pursuing stand-up comedy after his first gig to perform at a night club in Philadelphia where he performed as an amateur. Like most stand-up comedians’ first performance, Hart’s performance went bad and he got booed a lot of times while on stage. A couple of shows later and Hart still got booed off the stage. He spent more time trying to be like his stand-up comedy role models, Chris Tucker and the likes. In the course of his “failures”, he discovered his own style of comedy and built a stand-up comedy career off sharing his life’s experiences. Hart’s comedy career finally hit the “big” stage in 2009 and it has been onward ever since. In that same year, Hart took his comedy on the road with I’m a Grown Little Man opening the road tours. In 2010, Hart and his crew were yet on another road tour titled Seriously Funny. Followed by Laugh at My Pain in 2011, and Let Me Explain in 2013. The 2011 and 2013 road tours were eventually featured in movie theaters. Laugh at My Pain became Hart’s best work yet, bringing in revenue of more than $15 million. It was also rated as of the top-selling comedy tours of 2011.In 2015, Hart resumed his comedy world tour with the title What Now? The world tour was theatrically released by Universal Pictures in the US. Asides building his career as a comedian and entertainer, Hart is also well-known for the humorous characters he plays in movies. The window of opportunity into acting opened up to Hart after he was invited on Comedy Central in specials for I’m a Grown Little Man and Seriously Funny. Some of his first movie gigs include The 40-Year-Old Virgin, Soul Plane, Little Fockers, etc. From then till date, Hart has featured in major movie deals, alongside one of his best buddies, Dwayne Johnson ‘D-Rock’. Both actors have acted side-by-side in movies such as Central Intelligence and Jumanji: Welcome to the Jungle (and a 2019 sequel). Kevin Hart’s featured films have so far generated more than $1.3 billion at the global box office.What other ventures is Kevin Hart involved in?Hart may be popular for his entertainment career, however, there are other business ventures that he is involved with. For example, in 2009, Hart launched the HartBeat Productions to manage his showbiz. Today, the company employs over 40 staff who manage Hart’s productions, including comedy, television, radio, and movies.In 2017, Hart launched an underwear line with Tommy John. By the following year, he launched a comedy streaming service called Laugh Out Loud (LOL). Since its launch to date, the LOL network generates hundreds of millions of video views. Hart also has a few endorsement deals and partnerships with major brands such as Mountain Dew, Wrangler, Samsung, and AT&T.Personal LifeIn 2003, Kevin Hart married fellow comedian, Torrie Hart. They were married for 7 years (2003- 2010) until their separation in 2010. Their divorce was finalized in November 2011. Their union produced two children, namely: Heaven Leigh (daughter), born March 22, 2005 and Hendrix, born in 2007 (son).In 2016, Hart married Eniko Parish in California. Together, they have a son, Kenzo Kash (born November 21, 2017). They are also expecting a baby girl by the summer of 2020.]]> Thu, 02 Jul 2020 07:42:26 EST https://www.investingport.com/kevin-hart-the-funniest-black-millionaire/ https://www.investingport.com/kevin-hart-the-funniest-black-millionaire/