AMBCC Financial Services

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The AMBCC Financial Service Committee is comprised of financial service professionals representing credit unions, banks, lending institutions, insurance companies, financial planning, private equity, and venture capitalist firms.

The FSC works to represent, educate, and promote its members and ensure them economic opportunities and market presence.

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AMBCC Financial Services

  1. 1. Atlanta Metropolitan Black Chamber of Commerce’s Women’s League Atlanta Metropolitan Black Chamber of Commerce Financial Services Committee
  2. 2. The finance industry encompasses a broad range of organizations that deal with themanagement of money. Among these organizations are credit unions, banks, creditcard companies, insurance companies, consumer finance companies, stockbrokerages, investment funds and some government sponsored enterprises. As of2004, the financial services industry represented 20% of the market capitalization ofthe S&P 500 in the United States. Source Wikipedia
  3. 3. AMBCC Financial Service Committee The AMBCC Financial Service Committee is comprised of financial service professionals representing credit unions, banks, lending institutions, insurance companies, financial planning, private equity, and venture capitalist firms. The FSC works to represent, educate, and promote its members and ensure them economic opportunities and market presence.
  4. 4. Financial Services Collaborative Network  The AMBCC Financial Services Collaborative SBA Network has a vested interest in the issues, projects, and/or policies tasked by the committee. Credit Unions FDIC (2)  The Financial Service advisory board consists primarily of financial service institutions, lenders and advisors. NationalMicro Lenders Association of  The Financial Service advisory board has (3) Black FINANCIAL Accountants developed an influential network of industry SERVICES decision makers that are focused on establishing key business, community and governmental relationships. Banking Institutions Atlanta Federal  The Financial Service advisory board’s programs Reserve (5) specifically address critical issues impacting wealth disparities within the black community. Financial Advisors IRS (5)
  5. 5. Areas of Focus Over 200 Billion Dollars of wealth lost in the Black Community
  6. 6. Wealth GapA huge share of the nations economicgrowth over the past 30 years hasgone to the top one-hundredth of onepercent, who now make an average of$27 million per household. Theaverage income for the bottom 90percent is about $31,244.
  7. 7. The Local Economic Cycle Consumption Economic Growth Either Negative or Positive Econ Growth (1) (3) Household Saving Household Capital per Income Person (2) Tax Payment Public Public Investment Budget
  8. 8. Monetary PoliciesThe International Monetary Fund (IMF) and the World Bank 1929-Wall Street Crashes 1937 US Recession under Roosevelt 1973-74 Stock Market Crash 1073-75- Savings and Loan Bank Crisis 1987 – Black Monday, stock market plunges over 20% in one day 1990 – First Gulf War 1990-91– Recession 1997 – Asian currency meltdown 1998 - Long Term Capital Management hedge funds blew up, ensuing credit crunch 1999 - 2000 – Tech bubble and bust 2001 – 9/11 2002 - War in Afghanistan 2003 – Iraq War 2005 – Hurricane Katrina 2005 – Oil rose to $75 a barrel 2007 – Sub Prime Meltdown, oil over $90 a barrel
  9. 9. THE FED- Gatekeeper of the U.S. economy One of the more mysterious areas of the economy is the role of the Fed. Formally known as the Federal Reserve, the Fed is the gatekeeper of the U.S. economy. It is the central bank of the United States -- it is the bank of banks and the bank of the U.S. government. The Fed regulates financial institutions, manages the nations money and influences the economy. By raising and lowering interest rates, creating money and using a few other tricks, the Fed can either stimulate or slow down the economy. This manipulation helps maintain low inflation, high employment rates, and manufacturing output.
  10. 10. Understanding how the banks makemoney Banks are just like other businesses. Their product just happens to be money. Banks sell money -- in the form of loans, certificates of deposit (CDs) and other financial products. They make money on the interest they charge on loans.
  11. 11. Global Money Supply The primary purpose of the foreign exchange is to assist international trade and investment, by allowing businesses to convert one currency to another currency. For example, it permits a US business to import British goods and pay Pound Sterling, even though the business income is in US dollars. It also supports direct speculation in the value of currencies, and the carry trade, speculation on the change in interest rates in two currencies.[
  12. 12. Atlanta Metropolitan Black Chamber of Commerce’s Women’s League Savings and Investments
  13. 13. Spending Patterns at Different Agesand Stages of Life
  14. 14. SAVE B.I.G.- Save Something….. Personal saving enables individual households to withstand unforeseen expenses and income disruptions, such as job loss, health emergencies, or major home and automobile repairs. Saving also helps households fund large expenditures, including buying a home, starting a small business, or paying for college. In addition, saving helps ensure that households will have sufficient assets for retirement. Further, a cushion of savings provides households with many intangible benefits. For example, studies have shown that people who save feel that they have a "stake" in society and have better relationships with family and neighbors, increased community involvement, and enhanced personal respectability.1 On a macro level, personal saving is a major component of national saving; a country with robust savings generally has more available capital to fund investment and support economic growth.
  15. 15. How dose compounding interestwork?
  16. 16. Understand Personal Roth IRAs
  17. 17. Atlanta Metropolitan Black Chamber of Commerce’s Women’s League Initiatives
  18. 18. Save B.I.G. (Build Invest Grow)Programs and activities targeted to address major issues affecting wealth in Black America. The AMBCC Financial Services Committee will frequently host a series of roundtables, workshops, and conferences designed to address the financial needs of African Americans. Income Generation: Entrepreneurs, Small and Medium size businesses are the keys to ensuring sustainable careers, income and wealth generation. Our Accelerated Growth Workshops are designed to create opportunities and jobs within this uncertain market place. Savings and Investment: The art to build wealth lies in one’s ability to accumulate wealth over a period of time. The AMBCC Save B.I.G. Program is designed to teach the monetary principles of Building, Investing and Growing personal and business assets. Wealth Transference: Inheritance is the number one way wealth is generated throughout the world. It was predicted in a 1999 Boston College Study that Americans who were at least age 18 in 1998. It estimates wealth transfers from 1998 to 2052, when the youngest of those in the study will turn 73.
  19. 19. Direct Saving StrategiesOvercome the mathematical limitations to retirement savings through Direct Ownership Direct ownership opens up the possibility of achieving aggressive retirement goals when the math governing the traditional approach is all but impossible. Unlike conventional retirement and investment planning strategies, there are no limits to growing equity that can be achieved in a shorter amount of time. Direct ownership leverages assets like building your own business, real estate portfolio and inheritance.
  20. 20. How New Businesses Create Jobs Business District Survey A New Business is Established Create jobs directly in Local businesses the business supply services Other companies are attracted to the area Workers spend their income in the local More jobs are indirectly area; taxes revenues created increase The success of thebusiness attracts otherbusinesses to the area, Activityincreasing profitability Taxs spent on and revenue for re- improving infrasture, investment image and services Money lost through leakage
  21. 21. Investing in Main Street
  22. 22. Land Values Annual Growth Rate
  23. 23. Land Values Annual Growth Rate
  24. 24. Estate Sales and Business LiquidationPrice and Value Guides for Collectibles and Antiques Estate sale and Business Liquidation. An estate sale or estate liquidation is a type of garage sale, yard sale, storage, or auction to dispose of a substantial portion of the materials owned by a person or business who recently relocates, closes or had an immediate need to liquidate assets or personal property.
  25. 25. Precious Metals and Foreign Currency Increased global demand for commodities has been driving commodity metal prices higher. As market conditions favor commodities we will position to take advantage of commodity prices. The foreign exchange market determines the relative values of different currencies. As conditions favor this sector we will encourage investments accordingly.
  26. 26. Small Business Investments The two classic methods for making money on an investment in a small business are resale in the public securities markets following a public offering and receiving cash or marketable securities in a merger or other acquisition of the company.
  27. 27. Fiscal Education Financial education fosters financial stability for individuals, families, and entire communities. The more people know about credit and banking services, the more likely they are to increase savings, buy homes, and improve their financial health and well being. The AMBCC will be offering the Money Smart curriculum to the general public.
  28. 28. 90 Day Planner-Activities JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Day 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter/Theme 9:30am State of Black Wealth Big Money Open Open Summit Conference AM State of Black Wealth Big Money Investment Open Activity Opportunities11:30am Summit Conference Roundtable 1:30am State of Black Wealth Big Money Open Open Summit Activity Conference Activity PM Financial Townhall Open Open Open 6:30am Industry Panel
  29. 29. How the AMBCC Promotes Member Business BrandMeAMBCC It’s all about reach- Influence individuals who are actively searching for news and information about local area businesses, community organizations, and resources.
  30. 30. AMBCC Online Business Directory
  31. 31. AMBCC Online Business Directory
  32. 32. Financial Service Roundtable
  33. 33. Contact Information Chairperson Atlanta Metropolitan Black Chamber of Commerce Financial Services (770) 374-6226 bigmoney@ambcc.org Visit us on Facebook

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