As of this moment, China's Shanghai Composite is down 42.11% from its June 12th high of 5,178.19; it presently sits at 2,964.97. Even more remarkable is the fact that, since Friday of last week, the Shanghai composite has fallen 19.08%. China's momentous Monday downturn also cut the wealth of its billionaires by over $14 billion (some individuals even entered the dreaded "millionaire" club).
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Hillary Clinton, Poster Child For Financial Illiteracy
Hopefully by now, as an experienced American voter, you've realized politicians will promise their constituents anything in exchange for votes: call it quid pro quo incompetency. In most every example, be they liberal or conservative, presidential candidates address voter concerns by publicly declaring how they "understand" middle class problems and will undoubtedly, upon taking office, "support" all "comprehensive" and "bipartisan" solution.
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Why "Cult" Is A Dirty Four-Letter Word
What are the stock market’s most notorious “cult stocks,” and how do we identify them? While most investors consider “cult” to be a dirty four-letter word, the corporations that comprise this category have performed incredibly well over the past years. Whereas previously beloved companies like Yelp and Twitter (TWTR) have fallen 44.1% and 21.1% over the last two years, cult stocks like Ambarella (AMBA), Netflix (NFLX), Tesla (TSLA), Chipotle (CMG), and Amazon (AMZN) have experienced near triple-digit gains.
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You're Missing Out On $100,000s
Wealthfront, the Silicon Valley’s premier automated investing service, recently announced its decision to lower the minimum initial deposit requirement from $5,000 to $500, thereby giving younger individuals the ability to invest in an incredible product. For those unfamiliar with Wealthfront, it is a “robo-advisor” service that automatically allocates deposits into a diversified ETF (Exchange-Traded Fund) portfolio.
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