Today's Quick STATS
New in the blog
Health Care and Retirement
TODAY IN General History
TODAY IN FinancialHistory
1914 – Stocks trade for the first day after the assassination of Archduke Franz Ferdinand on June 28th, 1914. The Dow Jones Industrial Average would have a very muted response to the news, closing down 0.11 points to close at 80.00. However, the mellow reaction would not last and just over a month later the world stock markets would be closed as World War 1 escalates. The NYSE would be closed from July 30th 1914 to December 15th 1914, its longest close ever.
The average retired couple will spend close to $300,000 in healthcare costs over the course of their retirement. See the chart below for the breakout:
This chart is particularly concerning given the average retirement savings chart posted earlier. Are you prepared or at least preparing?
Quote of the day
Too many people spend money they earned..to buy things they don't want..to impress people that they don't like. --Will Rogers
WORTH A READ
A great take on self interest rightly understood excerpted from Alexis De Toqueville’s, Democracy in America