![]() Throughout the hour, Barstool Sports founder Dave Portnoy will join Payne, along with a panel of financial experts, to provide their insights on investment approaches amid the coronavirus pandemic.Īdhering to social distancing guidelines, all audience members will join the broadcast through remote video conferences. During the one-hour special, Making Money host Charles Payne will answer viewer questions on how to invest during a pandemic and discuss best practices on financial management, including stocks, education, personal savings, real estate, and more. ![]() People who feel they’re not in the market, people who feel they’re detached from the investment part of society, they’re intricately part of it.NEW YORK-( BUSINESS WIRE)- FOX Business Network (FBN) will present a virtual town hall entitled America Invests Together on Wednesday, September 2 nd, at 2PM/ET. “I want to empower people to sort of know or feel comfortable with the knowledge they already have. You wear sneakers, you’re part of the market.” ![]() ![]() People who watch his show might not think they’re part of the markets, but Payne hopes to show them how they are: “You go to the supermarket, you’re in the market. The headline never means anything to me, it’s connecting the dots, and what does that tell us about the world and the economy?” “One of my big things is, because I have an analytical background, I’m always going under the hood. “And I think it’s also a reflection of society in general. “For me, the most important thing is that the market almost minute to minute tells a story,” he says. In 2007, he started appearing regularly on Fox Business, where in the past year or so he started doing segments on various hosts’ shows called “Making Money With Charles Payne.” It proved so popular that the new show was created for him. “One day out of left field CNBC called and said, ‘Hey, we heard about some of your calls, would you like to come on?’” Payne says. Eventually he started his own company, doing stock analysis, and in time his talents caught the attention of the financial media. “My daughter was maybe a year old, and when I got my very first commission check she had actually been wearing the same Pampers for 24 hours because we’d run out.” “The first three months were really tough – ‘There’s a telephone, good luck,’” Payne says. After earning his broker’s license he joined a boutique stock brokerage, where he started at the bottom, cold-calling prospective clients. At 17, he bought his first stocks, with her as his co-signer, investing in MCI, the telecommunications company.Īfter a stint in the Air Force and college, he went to work for E.F. I started learning to teach myself about it.”Īt 14, he told his mom he was going to work on Wall Street one day. “And any chance I had to get the Wall Street Journal, I would read it and read it. “Except I knew that was where all the money was made,” Payne says. Before we came to New York I never a single day in my life thought about money, and now of course it was very important.”įrom his neighborhood on the north end of Manhattan he knew little of Wall Street on the southern tip of the island, he says. “I was sort of thrust into this position. His parents’ divorce when he was 12 resulted in the culture shock of Payne and his mother and two younger brothers moving into a one-room apartment in the Harlem neighborhood of New York City. And then I came home one day from school and my mom said, ‘Hey, we’re leaving.’” “Always living on these wonderful military bases, I never knew crime, or locking doors,” Payne says. Raised the first dozen years of his life on Army bases where his father was stationed, it was an idyllic childhood, he says. Relating to the lives of ordinary folk is something Payne well knows from his own upbringing, a life that started out strong and secure and then fell into uncertainty and fear. “If I’ve got a house and two kids, I make $170,000, I hope to retire some day and send the kids to college? I don’t relate to that.” “The common thread I always saw was, ‘Today Mark Zuckerberg lost a billion dollars,’ or, ‘Today Bill Gates made a billion.’ “The idea came to me from always watching financial shows and magazines,” says Charles Payne of how he came to the epiphany that shaped his show. If “Making Money With Charles Payne” works as planned, the host of the new Fox Business Network show says it will reach everyday people and make connections between the oft-complicated world of the financial markets and their lives.
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