How insulting is Colored (vs. African American)

[BabyPiNK_FL]

I use the word colored with my friends pretty often when referring to us as a group or something like that. (They are mostly Hispanic.)

I would not mind if an older person or most other people using it in a non-offensive way referred to me as colored. I am colored. I am Black. I am American. I am Jamaican. What I don't like, is the term African-American. I will correct someone on that.