6 Stocks Wall Street Bets on Tanking

1. El Pollo Loco:
Although at first investors went crazy for it, the trend soon died down fast and many do not see this as a long term investment worth making. During it’s IPO, the stock was at $15, however, it spiked up to $42 in a matter of days. However, El Pollo Loco has seen a loss of $50 million within the past three years.

2. 3D Systems:
It seemed almost too good to be true. The future came by with 3D printers and nearly everybody was excited for it. But as the craze died down and we started to see true numbers and results, stock is nearly down 50%.

3. Go Pro:
There’s no way any tech type consumer has not heard of the Go Pro. It’s been getting great publicity and popularity but a lot of Wall Street investors are skeptical of its dramatic rise. And the price of stock went from $24 to $50 but statistics show that it might not be a truly accurate price.

4. Advanced Micro Devices
This stock has already been suffering with two dramatic downturns this year. On July 18th, the stock soared down with a dramatic percentage of 16% which scared investors away further drawing back its potential revenue.

5. SodaStream International
With rumors of a potential buyer with coke, the prospectives seemed high for SodaStream. But, given the political situation with Gaza and the high tensions with Israel, there’s a good chance that their quarter numbers will not appear as high.

6. KinderMorgan
Due to a recent stock pop, KinderMorgan gained many short sellers and the amount of borrowed stock increased 800%.

To Read More on Wall Streets take on stocks click here!

How to show wealth in Hong Kong

While in the United States, consumers buy Rolexes, Cartier, and Mercedes to show off their wealth, in Hong Kong, giant dogs are the new hot items! Much of the living space in Hong Kong are apartment buildings. And as expensive as New York City is, many luxury apartments in Hong Kong go for twice that amount. While small dogs symbolize a smaller property, large dogs such as Tibetan Mastiffs and Siberian Huskies exemplify having prosperity within the Chinese territory.

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How to get Credit Without a Credit Card

For many college students and young graduates, the question of how to get credit without a credit card looms around our head deeply. With the new FICO Score 9 coming out this summer, there are more than just one reason to improve your credit history and score. Ironically, many people get denied for credit card because of their lack of credit. Until the federal student loans and co-sign loans are paid off, it’s hard to build up a credit. This article can help you with this problem.

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Russian Ban Helps or Harm?

Russia has put a ban on food imports such as fruit, vegetables, meat, fish, milk and dairy products, which will result in an increase in price at home and hurt Europe due to billions in lost exports. This ban was due to a retaliation against Western sanctions. And in addition, the U.S. and Europe imposed sanctions on Russia due to the Ukraine crisis. Although Russia seems to be taking a stand, is it the wrong one? This ban will hurt them the most and worsen their economy.

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Americans Retire Earlier Than Expected

Contrary to popular belief, Americans are not delaying their retirement but rather speeding it up. According to a Fed report, “15% of those who retired since 2008 did so earlier than planned, and only 4% did so later than planned.” One reason to bring alarm to this is that the economy has not been better but yet people are ending work sooner. A possible explanation for this can be forced retirements. Instead of companies harboring and helping their current employees to adjust to technology change and such, they resorted to downsizing.

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New FICO Credit Score Formula

Past Wednesday, FICO Score 9 was said to be released this summer. FICO Score 9 will tell your credit history with numbers that represent how likely you are to repay a loan on time and in full.  Because the lending landscape has a tendency to fluctuate and change as time goes by, more recent models are recommended. FICO Score 8 was released 6 years ago so it has been outdated and not the best measure of reliability. In addition, the new model will have the same score range of 300 to 850 and tiers (excellent, good, fair). However, which tier you fall into may change.

Read this article to find out more! 

Get Paid before Pay Day

Have you ever wanted a short term loan with no interest? Activehours, an innovative app, allows users to put an end to the biweekly, bimonthly pay schedule. They give you a loan against your next paycheck, and then takes the amount from your checking account after the pay is deposited. With no interest account and no fee for the Android/Iphone enabled app, this app makes money through optional donations that clients can opt to give.

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Russian hackers stole 1.2 billion passwords

This past tuesday, Russian criminals committed the largest collection of stolen digital credentials in history. A certain crime ring stole 1.2 billion internet user names and passwords. However Hold Security, the firm that discovered the theft, said it isn’t something to be too worried about. This group does not use the information for your bank account information but rather uses it to send pesky e-mails on diet pills and other advertisements.

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9 Secrets Your Debt Collector Doesn’t Want You To Know

Whether they be student loans or credit card bills, many Americans are living in debt. And having someone constantly badgering you only exacerbates the situation. Although they are just doing their jobs to get money you owe, there are many things you can do to stand up for yourself. Understand what your rights are and don’t fall for a collector’s trap.

Read more on the 9 secrets of a debt collector here!

Raise the Wage

President Obama had recently called on Congress to raise the national minimum wage from $7.25 to $10.10 an hour. In 2013, he said in an address “Let’s declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty and raise the federal minimum wage to $9 an hour.” The new executive order will affect future contracts, and not existing ones. In addition, it would only apply to contract renewals if other terms of the agreement changed. And so, the order would benefit far fewer workers than the number foreseen by advocates of federal contract employees. Although there are both pros and cons to this proposal, check to see how your state will be affected by the raise in wage, click on this link.