Fun Fact Friday 1/13/23
MARKET TERM OF THE WEEK:
“Adjusted Gross Income (AGI)”
Adjusted Gross Income (AGI) is defined as gross income minus adjustments to income. Gross income includes your wages, dividends, capital gains, business income, retirement distributions as well as other income. Adjustments to Income include such items as Educator expenses, Student loan interest, charitable giving or contributions to a retirement account.
FACT 1: Do Gains Follow Losses?
Since 1928, the S&P has traded higher in the year after a down year 70% of the time. In the year after an up year, the S&P has been higher 66% of the time.
FACT 2: Shaq- a man of his word.
O’Neal made a bet with his NBA On TNT co-host Ernie Johnson last week, pledging to eat a frog if the Bulldogs beat the Horned Frogs in Monday night’s showdown. UGA’s 65-7 win meant that O’Neal would be chowing down on amphibian. After a failed attempt at substituting chicken for frog on Tuesday’s episode, O’Neal ate a fried frog presented to him by Johnson (a UGA alum) on Live TV Thursday.
FACT 3: Jackpot!
At an estimated $1.1 billion, Tuesday’s Mega Millions jackpot was the third largest in the game’s history. The five most drawn numbers in Mega Millions history have been 4, 17, 20, 31, and 46. The most common Mega Ball number is 22.