By Jérémie Kathalay
Posted on August 6, 2021
During the pandemic in Canada, investment accounts peaked at more than 2 million without the help of regulators. This is because many millennials saw an opportunity to gain money and wealth just as the rich did. The pandemic gave a reason for people to look into other ways to gain money without having to work outside of their home. Social media platforms became a place where one could seek advice for investment opportunities. Who needs financial advisors when you have social media, right? However, information can sometimes be misleading. There are people out there looking to sell their knowledge and information at high prices, but that information may potentially be wrong. It is important for those seeking knowledge about investments to seek it from the right people. One of those people goes by the name of Naicke Kalala.
Kalala is a young entrepreneur who has seen success in the investment industry, especially with crypto currency investments. Crypto investments deal with digital currency that is decentralized. This means that the distributed digital currency and funds are not controlled by any group or government. Many people are afraid of being involved in cryptocurrency because it is not being monitored or regulated the way other forms of investments are. However, throughout the years of crypto being recognized in the investment family, it has shown positive results despite its shortcomings. An example of a shortcoming would be during the pandemic, when multiple coins fell by more than 44 per cent of their original price. These types of dips scare investors and potential investors from buying into crypto, fearing that it will cause them a great deal of money in the end.
Kalala explained to us that crypto has one of the best returns he has seen since his days in the business. Before he began as a crypto investor, Kalala was a day trader and focused a lot of his time on the stock market. Though he continues to trade in the market, he saw the potential of crypto currency.
Many investment brokers are now becoming cryptocurrency investors. Kalala suggests that the rise of this trend is gaining popularity and now is the time to take action. However, he understands that it can get tricky for one to familiarize themselves with cryptocurrency. Kalala believes that anyone can tap into the greatness that can come from this new form of investment, as long as people are willing to understand what it is.
“You’re curious. One of the key attributes to a successful entrepreneur is always being curious,” said Kalala. One of the biggest successes that Kalala has found when dealing with cryptocurrency is the return he receives from investments he makes. “Within my first month of crypto, I earned what used to be my yearly salary from my previous job prior to stock trading and investments. Ever since then I saw the potential and fell in love with cryptocurrency and what it could offer me.”
When asked about his confidence in crypto, Kalala talked about understanding the history of investing and how crypto is quite similar.
“First thing we have to understand is that history repeats itself and that when we look at history, we know that repetition is evolvement. So, you’re constantly evolving and progressing to the next level.” Kalala connected this by making a reference to Blockbuster and Netflix. He stated that patience is important when it comes to advancement within our society.
“Too many people are in a rush to see growth and success. If one is in a grocery line and one line is moving faster than the other, people will either leave the line they are currently in or become agitated that their line is moving slower.” He continued to speak on how the market in both the stock and crypto worlds will have moments where things may not always look positive, and understanding that patience is key in those beneficial moments.
When asked about his experience as a Black entrepreneur in the investment world, Kalala explained how one of his mentors and close friends told him that if he had nothing to bring to the table at one place, he needed to stand up and go to another table. This helped Kalala realize how little Black people were represented within the industry. The table he was trying to fit into was filled with people who did not look like him.
“It made me realize that I did have something to bring to the table,” said Kalala. “I’m bringing in my Black perspective and my history. So, when someone who looks like me sees the success I have achieved in this space, they will be able to know that they can make it too.”
We asked Kalala what his advice would be to the younger generation of Black entrepreneurs. “I would say Wakanda forever,” said Kalala jokingly. “No, but seriously speaking, we are forever. When looking at the science perspective, we all originated from Africa. We have a responsibility, especially in the Black space, to do as much as we can to try and master our craft and let our light shine. We can never stop, because once we do, we lose. The world may always be against us, but let it be against us as we win.”
Naicke Kalala began his business to help those who are trying to understand the world of stock and crypto trading. He is hopeful to see more Black people like him in these spaces as years progress. You can learn more about Naicke Kalala and what he does through his socials: