stock market Archives - SHOPPE BLACK

Published on September 1, 2021November 6, 2021

3 mins read

Xantos Labs Wants To Make Wealth Creation Easier for Everyday People

When you’re a beginner in the stock market, it can feel intimidating to research and choose stocks and other investments on your own.

Xantos Labs is an SEC-registered investment adviser that builds and manages investment portfolios for everyday folks.

Their goal is to offer a low minimum, low fee, and a premium investing experience to people that don’t have millions in the bank.

The investment advisor recently announced that it is now available on a global scale. Anyone in 150+ countries including the UK, India, and Nigeria can open an account and invest.

This is a significant milestone for the fintech startup and aligns with its mission to lower access barriers and empower millions in the rising global middle class with a modern investment advisory solution to build wealth.

Users outside the United States can fund their accounts using USD wire transfers. Additionally, depending on the region, they offer virtual multi-currency wallets; enabling users to seamlessly:

Add and hold multiple currencies in their account, from GBP to USD to EUR
Exchange funds at a competitive, near interbank rate – the rate at which banks exchange money with each other
Move funds across borders through an account under their name

Xantos Labs supports 30 major currencies today including USD, GBP, EUR, CNY, MXN, and JPY.

“We looked at our competitors and realized that we could exercise a first market mover advantage if we were willing to jump into international markets. As we were evaluating different partners that could help us make this happen, Currencycloud stuck out as a particularly capable platform. We knew we could work together on delivering extremely high-quality investment advisory services to the world,” said Chuk Orakwue, Managing Partner at Xantos Labs.

In the interview below, Chuk shares:

What investment strategy they use and why they chose it.
How Xantos Labs differs from other investment and trading apps.
How they provide the average investor with more solutions than Wall Street.
How his company has achieved better returns than the market.

The app is available now in the Apple Store and on Google Play.

xantos labs

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Tony O. Lawson

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Published on March 18, 2020March 18, 2020

3 mins read

Coronavirus and Black Entrepreneurship: The Impact On My Life And Business – AYESHA

Coronavirus was declared a pandemic on March 11, 2020. Since then, it has spread quickly, causing thousands of deaths globally.

The virus has also resulted in a brutal decline in economic activity that is hitting many Black owned businesses and professionals hard.

In this series, we will be sharing personal stories from Black entrepreneurs and professionals about how they are dealing with this new Coronavirus reality.

What were your initial thoughts when you learned about the outbreak?

I tend to be an optimistic thinker so I honestly didn’t think it was that big of a deal at first. It wasn’t until the CDC started to get adamant about shutdowns did I think this was really a problem.

How has it affected your business?

I have three businesses that are all impacted by this. First, as a landlord, i’ve already heard from a few tenants who’ve told me that they’re out of work for weeks without pay or their employer has cut their pay to keep the business afloat. That means my rents will be impacted.

Second, I’m a licensed general contractor for my own projects. The city has shut down which means I can’t submit plans or get permits. I’m at a standstill on multiple projects.

Lastly, my primary trade is as a licensed stock broker—so the markets being down over 30% (as of today) impacts every part of my business. I’ve spent a big chunk of the last two weeks talking to clients that were concerned about their assets and their income.

How has it affected your lifestyle?

I tend to love somewhat modestly so this hasn’t impacted my lifestyle very much. I’m also not an outgoing person so social distancing is actually a norm for me.

What new strategies have you implemented or do you plan to implement in your business?

I’ll probably go back to having a handful of section 8 tenants on my rent roll. That guaranteed government issued money would be clutch right now lol.