Stock market scams and early credit score stuff!

A Ponzi Scheme is:

• A hiring scheme for sales jobs in which recruitment of new members is what makes money, not actually selling product.

• A stock investment scheme in which older (or earlier) investors are paid using the money from new members instead of the cash coming from actual investments.

Short Selling stocks:

• when short people buy stocks. They have some nerve.

• buying stocks to 'flip' them quickly

• borrowing stock from the brokerage, selling it, then waiting for the price to fall so they can replace the borrowed stocks for a lower price, keeping the profit

Tags

CCSS.HSS.MD.B.6

CCSS.HSS.MD.B.7

Your credit score (a.k.a. FICO score or credit rating) tells potential lenders:

• if you have any existing credit cards or loans

• how responsible you are with money you owe: do you make your payments and pay them on time?

• who is this FICO person anyway?

Yo! Credit Karma tells me my FICO score is 743. How does that rate?

• very poor

• poor

• fair

• good

• excellent

Help! My credit score is 654. People don't seem to impressed and my ego doesn't like that...how does it rate?

• very poor

• poor

• fair

• good

• excellent

So...my credit score is a 802...and it's...

• very poor

• poor

• fair

• good

• exceptional

Tags

CCSS.RL.2.6

CCSS.RL.8.3