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Momentum
A blog from Medium about the fight against anti-Black racism.

Finance

In Momentum. More on Medium.

HIDDEN BLACK HISTORY

Wall Street broker Jeremiah G. Hamilton was ultra rich in mid-1800s New York City. Here is his story.

In 1983, there were only three Black financial services professionals in the entire state of Arkansas. I was one of them. A decade later, I started the first Black-owned investment bank in Arkansas. For a little more than a decade, I was part of an exclusive club — the world of Blacks on Wall Street.

For more than thirty years, I navigated the universe of Black-owned investment firms, ultimately building and managing a successful program trading operation for one of the largest minority-owned investment banks on Wall Street. Most people are unaware of this, but there is a rich history…


Let’s Unpack This

A lack of generational wealth makes it harder to catch up

Every morning I wake up and check off the same two things on my to-do list. The first is to turn the alarm off and scroll through social media lest I missed some uber-important news that couldn’t wait until after I’ve finished washing the sleep from my eyes. Then, I look to the far corner of the room where a whiteboard with black trim hangs next to my bookshelf. It contains an elaborate, color-coded picture of my financial responsibilities.

My monthly bills, written in light green, include rent, Duke Energy, several credit card payment amounts. They’re coded in green to…

Momentum

A blog from Medium about the fight against anti-Black racism.

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