@@jjayphilly342 his PhD is in finance, but that doesn’t mean he understands businesses or how to invest. He’s book smart and not street smart (hands on experience) and it shows.
The fact he cosigned this as a self proclaim financial advisor and didn't think he didn't have an obligation to the people to ask Jay questions are read the paperwork speaks volumes
@CG-uk1vz He stood on 10 toes at a live tulsa event saying he was impressed with Jay and said, I quote, "why not?" invest with Jermaine Dyshon Morrison.
@@normanhenderson7300There’s a lot of concrete information available that shows Jay at a minimum is unethical and a horrible business person (based on the SEC filings). …And yes I am qualified to make both those assessments…
@Tyesunn7376 please go read the public filings on The Tulsa Real Estate fund. I’ve been in finance for 15years and have never seen a business and it’s bylaws structured so poorly and irresponsibly. For Boyce to have a PHD in finance and not understand that seems very disingenuous. Jay Morrison will not be charged because the entire structure gives him authority to do anything while the investor has absolutely no authority or recourse. It’s actually smart if your goal is to steal money and you know that no one is going to check any documents before investing.
go look at the video where dr. was 100% promoting this crap, call this ex con a genius, dr say he graduated from 8 years of college in finance but cant show you nothing he ever did
Waaaaay crazy. Bezos: 4.0 GPA in Electrical Engineering from Princeton, experience in quant investing on Wall Street. Morrison: High School dropout, fired from Sotheby's for lack of performance, bankruptcy, and sued by childhood friend for stealing house sale profits. Felon.
Boyce invested in TREF because Jay called him “King”! 😂🤣😂 Jay Morrison is a damn scam artist and if Boyce was the finance guru he purports to be, he would have vetted him properly, never invested in TREF and would have advised others to do the same. Julien Gordon has openly called Jay out in regards to TREF as well. We called Jay a scammer because he’s a notorious scammer, it isn’t hate, it’s documented fact.
@@drboyce There’s no way in Jet Black Hell I’d give Scam Master Jay a nickel. And while you didn’t tell me to invest directly, your being a so-called financial expert and endorsing this travesty did lead people who trusted your “expertise” to make an investment. Lucky for me, I’ve known about the both of you for years… That deflective question you asked was unintentionally hilarious. Try harder next time, “King” 😂🤣😂
Oshay Duke Jackson is going to be all over this clip. Boyce totally dropped the ball on vetting Jay Morrison. "I now think he should have had a board in place", really?! I would argue his lack of oversight is at least, malpractice, based on his proclaimed expertise in finance. Of all people he should have been the person on top of the financial data. He lost a lot of my respect for his business acumen on this deal...
@drboyce I invest in the stock market because of you. I invest in crypto currency and the Blockchain technology because of you.I started by business because of you. You have helped me a lot. When it comes to Jay Morrison, we will always disagree on, but I will still and always support you. Your a SOLID GUY, Jay is not. Jay Morrison always gave me fast talking precherman hustle vibes, which is funny because now he is hustling credit repair and JESUS.
@@drboyceBoyce your response to this situation has been pathetic. Now you’re in the RU-vid comments arguing with people who are mad at you, and rightfully so?
Can't say "I don't know his business" for something you invested in, especially if you teach investing. We're supposed to know and the info should be available publicly. This will be a stain on his credibility that won't go away.
Here is Dr Watkins statement on the fund. Hello, I hope you’re doing well, I am writing this statement to address some false accusations that have been made against me regarding the Tulsa real estate fund. It has come to my attention that there are rumors suggesting that I have received financial benefits from this fund. I want to categorically state that these allegations are completely baseless and untrue. While it is true that Jay Morrison, the founder of the fund, is a friend of mine, I want to make it clear that I do not have any privileged knowledge of the inner workings or financial transactions of the Tulsa real estate fund. I have never received any form of compensation or financial benefits from this fund whatsoever. Furthermore, I would like to emphasize that I do not provide investment advice on my RU-vid channel or any other platform. My intention is to empower and educate individuals with financial knowledge, but I strongly encourage everyone to exercise caution and conduct thorough research before making any investment decisions. It is essential to be thoughtful and informed when it comes to managing your finances. Thank you for your understanding and continued support. Respectfully, Dr. Boyce Watkins
I invest in hundreds of companies. I am not the owner of the Tulsa fund. I knew about as much about the company as Nipsey Hussle did. We just wanted to give a blackck man a chance.
@@drboyce nope stop playing the race card. Dude had no credentials to run a real estate fund, and he’s a convicted felon. And you’re friends with him. Stop trying to make this a race issue, you hustler.
Do your own research when it comes to money and politics. DO NOT just trust anyone else's opinions. People like Dr Boyce or DJ Envy will promote stuff, then tap dance off the stage when it all blows up in the investors' faces.
If Jay goes to jail, Boyce should go right with him for his corruption. This fund breaks fundamental investment rules and he refuses to acknowledge what is public knowledge
😂 so you recommended black folks invest in a fund that you did not research based solely on them having a black owner and a building they painted black. Free legal advice... do not take financial advice from someone who is a talking head on social media. A finance degree does not make you qualified to sell securities nor does it create a fiduciary/trust relati8nship.
It speaks volumes that he will no longer invest in the Tulsa fund. To those who don't trust Watkins. Simple dont buy any or support any of his products. Yep that simple
Facts, his IG page is now a joke. He says he stands behind blk folks. He talks down to blk folks. He harassed Lizzo for 2 years, a woman he never met. He’s full of it
Jay has cost the black community millions of dollars. Despite this, Boyce still co-signs him but won’t give him money 🤣 black folks stop trusting these online influencers! I’ve never met a person who INVEST money and never asked a question.. that’s called a DONATION! The fact that he gave him money and asked about the fund means he was trying to get a return from his INVESTMENT but was DISAPPOINTED!
People. I’m a builder, and yall can invest yourselves and get reputable contractors to build or remodel your own projects/properties. Always be your own banker, don’t give anyone of these fkn thieves yall money. Contractors included. Do 3rds for contractors. Anything around 20 grand, and be present. 7 down, 6 at the halfway point, and 7 at the finish. And always have legally binding contracts. ALWAYS. TRUST YOURSELF. EVERYONE ELSE CAN GET THE BUSINESS!!EVERYONE
What questions did you ask? You never said what questions you ask. You said the Fund was SEC Approved which isn't what the SEC does. The SEC handles disputes and fraud issues.
"I am going to scrutinize Jay more than I scrutinize McDonald etc. means that Boyce analysis of McDonald and any other businesses is trash. As a prof, it is embarrassing to hear him talk about business in general.
For the record, I don’t care what anyone invests in, but people please do your due diligence and inspect and vet a company before they get your hard earned money.
Exactly. We are NOT supposed to invest just “because some ELSE did !!! Investing is a RISK, with the POSSIBILITY of great reward. At the end of the day if Your answer to why You invested in ANYTHING is “so and so did, so I did”…My suggestion to You is GET OUT OF THE GAME!!! Holding someone ELSE accountable for what should be YOUR decision based on YOUR knowledge and willingness to absorb LOSS is Juvenile.
This could’ve of been an easy due diligence……when buddy told everyone he had 3 felonies like it’s a badge of honor, any and everyone should’ve ran for the hills….that’s the mother of all red flags.
Boyce is a mark… Preyed on by an ex-drug dealer turned scammer. The ppl who could see it was a scam from the beginning and kept their money in their pockets were the real winners here.
I agree with you that all Companies at some Point will have issues. The Point is the Companies you Mentioned had a Viable Structure which is why they are still in business. It's not Personal against you but Black People are Tired of being Preyed on.
I’m sure he got paid to promote the fund who works for free and that fund is over Jay Morrison will never be able to get money from the people that was dumb enough to give him money in the first place .
He gave a class with jay right after he donated that $10K and that’s how he got his money back. That’s why he had no problem putting up that “shell” capital for $10K because he knew he was going to make it right back through that class seminar they put on right after he donated. He knew that fund was just a smokescreen. That’s why he didn’t have any follow through afterward because he made his money back.
If I had to choose between his feeling and my reputation he’s going to take a bashing. Until we as a people are willing to hold wrongdoers accountable there can never be trust among ourselves.
I hate that i clicked on this to give it a view but i had to comment at how poor the views are for a Boyce Watkins interview. Shows how uninterested people are of him.
Boyce: I don’t give investing advice Also Boyce: I don’t see why you wouldn’t invest. This quote is VERBATIM when he was talking about the fund on stage at the B1. Don’t see how anyone can take this man seriously who isn’t honest with himself or people who claim to follow him. A real man knows when to apologize and show he was wrong about decisions he made. He would get way more respect that way. But like most arrogant men he doubles down and engages in logical fallacies to distract from the fact he told his followers to invest in something he admittedly didn’t know hardly anything about. HE may have 10k to just give away but what about most of black people? Would he suggest we invest like how he does. Give it to blk people just because they’re blk and have charisma?
I believe and I know it could benefit some parents as well. It will be a great non-profit business and very lucrative business if it's not a non-profit.
I watch the old videos, and I saw his old tweets, this man platformed and endorsed this scammer like no other. It’s interesting that he says now he won’t be giving him any more funding, when he was the keynote speaker at the funds dinner, he said he will be investing now and more in the future. Interesting.
@@tyesunn7376 I’m sorry,…who are you again?! What makes you privy to know anything pertaining to me or my business?! If you want to put resources and money into an establishment because of affinity, go ahead sir. That’s just not being business Savy or astute.
@@christopherwarner6330 - Its sad you even had to explain that. It really is a mind thing that many folks in our community seem to have difficulty overcoming.
"I know as much about his business as I do about yours!" Bruh! You did not invest in the interviewers business, you invested in the "Tulsa Fund", and endorsed it to your followers. As an investor you get to see the numbers.
Why not admit that this was a bad deal and advise your students on what made this a bad deal in hindsight. Instead of saying you were trying to help a black business. This is why people question your integrity.
As a black man and finance practitioner myself, this right video right here is a GREAT example of why MOST average people should not invest their own money due to the actual psychological and emotional aspects it requires. So many things id like to point here but ill leave it alone. Too many black social media people enriching their pockets by profiting off of ignorance. A lot of investing is mainly about the self and curiosity. Literally natural genuine curiosity can make you a great investor. If you have an investor saying he doesnt ask questions/do due diligence, Especially for sentimental reason, stop listening. This video speaks at high volumes.
The interviewer is asking some really excellent questions! These are clearly questions that Boyce should have asked himself before he was promoting this fund.
If a guy was a convicted drug dealer I would want to see him get a job and prove himself or have some business success before I would invest in him. Jay has no qualifications or track record. Why should he get help without paying his dues and proving himself?
I wish Boyce and Jullien (and other like minded investors) were board members along with Jay in the Tulsa Real Estate Fund (TREF) and just maybe 3 great minds can learn and teach one another on (how to and) the best way to use the money to invest for the fund. Also each board member can police each other to make sure the money from TREF is use ethically. I don't think the money was scammed but I do think the money was use unethically. I know Jay is planning to raise more funds for TREF, but it may be a failure because of all the allegation of scamming inside TREF.
Comparing him to Amazon was a stretch. You could use amazon products moving all day. How many properties did Jay purchase with investor money other than the black house
A novice in investor could tell the fund was a mess from the original prospective. Those expenses were mentioned in the original prospective. Boyce can't claim to be an expert and suggest funds to his followers if he couldn't see the red flags? Why does he think this fund shared in public should have a private discussion about the problems?
One important point about the Tulsa Fund is this: The business isn't dead. The team seems to believe that they have what it takes to bring it back and I have no reason to doubt them. At the same time, a lot of the issues of the Tulsa Fund didn't exist back in 2018 when I invested, so it's important to understand that things change over time. Lastly, it's important to know that there are two types of critics of the fund: Those who tried to help the fund succeed and those who've cheered for its demise since day one. The second group doesn't have credibility and is a large part of the reason that the fund lost hundreds of thousands of dollars in an SEC investigation that found no wrong doing. When the feds come after any person or entity, it's an unbelievable drain on resources. So, either you want to help or you don't - either approach is fine. But standing on the sidelines cheering for a black owned business to die is not in the spirit of this movement. It's best to go on and do whatever else you were doing in the first place.
Jay had just filed for bankruptcy shortly before starting the TREF scam. If you would have done your due diligence into the individual who was at the forefront of this debacle, there’s no way you would have given him your Zamundan pocket change.
Boyce he didn't own any real estate prior to the Black House, He was fired from being a realtor because he could not sell a house, all that celebrity realtor stuff was all fake, he screwed his business partner/friend out of a property for his own gain. He had no experience at running a fund at this level and clearly didn't have anyone around him that new how to run the fund as well. I wanted Jay to do good, buy I didn't invest with him because I didn't not trust him. He is a fast talker that always mixes in past emotional racial history talking points when he is talking business which is very suspect. How is it that a guy that's never owned real estate going to operate a 15 million dollar real estate fund. I don't have a finance degree but I could tell that things did not add up. I'm glad I put the money I was going to invest in the fund into the stock market. I learned a lot about stocks and how to INVEST from you Boyce. Jay is a liar, thief, who gives off preacher man hustle vibes. You need to know how to read people Mr.Watkins you are a very nice guy that can't see the evil In people sometimes.
You have proven yourself to be incompetent. The sad part is I was a huge fan, but now that I’m learning to vet the leaders in our community I choose to follow…..you definitely don’t make the cut respectfully ❤
When you are a struggling, unproven young business, you as the owner and president, should take the minimum salary. Not only does this allow breathing more and more liquidity for the business but it also tells investors that this isn't a cash grab.
@@bandoogiemanz He cannot say that because he is not a licensed advisor. SEC and injured parties would crush him for saying he was or was not vetted for investments.
I never received a penny from the Tulsa fund. I was never on the board, I have no inside information. Jay was interviewed on my platform and I spoke at one of his events. I’ve spoken at thousands of events and interviewers hundreds of people. I invested $10,000 in the fund and lost all of my money like a lot of investors. These are the facts. I also give no investing advice on my platform and say this every single day. Don’t invest in anything if you are not prepared to lose money. Period.
We have to take chances on our own, no matter what the cost. We sit up there and put money into Popeyes chicken to kill ourselves slowly. With no questions of all the ingredients when I’m put it in my body, we just eat it. But when it comes down to us supporting us, we ask all these questions that we will never ask anybody else and any other culture at any gas station in our neighborhood at any beauty salon store in our neighborhood we do not question those other nationalities we . just spend our money. Hennessey is one of the biggest brands now, for in the richest man in the world that owns Hennessy. Nate dog drunk a fifth of Hennessy a day he lost his life Young we do not question that.
Note to PHD Boyce, people of different races just want your information to be accurate. Trying to cater your information to a specific race is demeaning and divisive. Money is green only. Is it really that hard to figure out. My lone advice to people in their 20s, just invest in the stock VOO. It is a simple indeed fund. Please ignore these You Tube so called finance experts.
Lucid focused on engineering first, admitted by the CEO, which is good but in the car industry no one needs what Lucid provides due to the cost. People who spend similar money on similar cars do so because of the prestige of the brand. Lucid is new and has no prestige. What they provide is a WANT and not a NEED. To get people to invest in a WANT and not a NEED you need to market it properly. Their marketing is not good enough. They think because they provide a good product, they don’t have to advertise…it could be their demise.
0:57 "...I saw where Nipsey Hussle had made a comment on Instagram of how we was excited about the fund... so, I said you know what i'll put in $10,000 too, and put it right below his comment..." 9:10 "...Don't say I invested in it because Boyce told me to do it..." The same guy in the same interview... I swear you can't make this up! 🤣 So, the takeaway is don't listen to Boyce Watkins as it relates to investing. Got it!!
My feedback from an insider, "Jay is smart and passionate, but is horrible a management, planning, and organization." I didn't invest because, IMHO, all of the skills are required to successfully run a fund. I hope he can make it work.
Although I never invested any money, I was supportive of Morrison until these disclosures. He's guilty of mismanagement at a minimum. He really needed some competent folks running the real estate and a board providing oversight. His failure means the hopes and confidence of those who invested and believed in him are dashed. You shouldn't be losing money in the hottest real estate market of all time.
