- Uneesa Finance
- Posts
- Investing is a game of APPLE and oranges
Hey there! My name is Uneesa, and if I had to give myself a Forbes 2-page spread, the headline would read “I love God, women and money.”
Why? Well, other than loving God, women and money. I want to help as many women as possible take financial control.
Join me as I’ll be holding your hand through the bold, new world that is finance, and helping to demystify finance by asking 'WTF is this?'
STOP.
Please complete and share this survey. We need to reach 1k Muslim women in the UK to build better services for you.
💁🏻♀️ WTF HAPPENED to me THIS WEEK?
Your girl was accepted on to the RFI x HSBC Global Virtual Innovation Hub! three weeks ago
It’s a 10 week programme where I’ll be mixing and mingling with the MENAT region’s most dynamic fintechs, who are looking to solve for the biggest ESG issues facing us globally.
I myself am looking to change the way we see financial inclusion - largely from a buzzword in the boardroom to a measured, meaningful change in systems (for women).
The accelerator programme has been insightful as I’ve been questioning how I can make financial literacy as accessible as possible for women just like you. I’m in my beta-testing MVP era, so if you could be a darl’ and continue to engage and share the content, that would be super useful in allowing me to understand what is and isn’t important to you!
I was clearly paying attention and not using this as a photo opp at all
📰 WTF HAPPENED in the news THIS WEEK?
In case you missed it, here’s this week’s top financial stories:
Last week, a mostly quiet week of trading and low volatility saw the Dow finish up 0.4%, the Nasdaq finish up 0.2% and the S&P 500 finish up 0.4%.
🌟 STARBOY STOCK PERFORMER OF THE WEEK 🌟
There’s a reason I didn’t bother mentioning Apple’s flagship Worldwide Developers Conference last week - and that was to measure how much their launches would affect their share price. AND LET ME TELL YEWWW…
Apple’s share price rose to a record high for the first time in 17 months on the morning of the conference (obvs bc investors were anticipating new and exciting releases),
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The Fed 🤝 Interest rates
🏦 The Federal Reserve’s Open Market Committee (FOMC) is set to meet later this week to reveal its decision on interest rates. In a bid to tackle inflation, The Fed has been playing see-saw with interest rates. While rates have been high, they’ve been coming down over the last quarter. According to the CME Group's FedWatch Tool, there's a 74.8% chance of a pause on hiking the rate. Let's see what happens!
What does this mean for you?
Stock markets will react - it’s a chance to prioritise your portfolio according to your risk level.
As interest rates increase, so does the cost of credit. This makes borrowing from the bank more difficult.
Rising interest rates correspond with appreciating currencies, meaning the value of your currency increases (and assuming everything stays the same, you’ll be able to purchase more).
Sleepy Joe said he gotchuu
And finally…
Okay so funny story - many moons ago when I was a young(er) grasshopper on my quest to make Islamic finance products more accessible to the public, I met Harris Irfan at YMLP, Oxford Uni. We got into a debate about morality vs money (at the time I was working with a client that was SUS AF, but that’s another story). Anywhos, it got me thinking about how we can ethically build something that promotes sustainable, halal finance.
Some years later, here Irfan is giving you his two penneth on how alt economic models are the way forward - a worthwhile read!
IT’S GIVING… SADAQAH OF THE WEEK
This week we’re talking about Mustard Tree.
Mustard Tree is a charity based in Manchester that provides support and resources to individuals and families experiencing poverty and homelessness. They offer services such as training, education, and job placements to help people upskill and regain independence.