Fun Fact Friday 1/20/23
MARKET TERM OF THE WEEK:
“Qualified Charitable Distribution”
A qualified charitable distribution (QCD) allows individuals who are 72 years old or older to donate up to $100,000 total to one or more charities directly from a taxable IRA instead of taking their required minimum distributions.
The S&P 500’s 1.37% gain in the first five trading days of the year (2023) was more than double the historical median of 0.58%.In years when the S&P 500 rallied more than 1% in the first five trading days of the year, the median rest-of-year gain was 13.9% with positive returns 79% of the time.That compares to all other years when the median rest-of-year gain was just 5.6% with gains 59% of the time. (Source: BESPOKE)
Tampa Bay Buc’s quarterback, Tom Brady will have played his 48th career playoff game on Monday (1/16/23). On its own, those games represent about 2.8 full NFL seasons, or equal to the average career length of an NFL wide receiver. (Source: Statista)
Celebrate the Chinese New Year—or Lunar New Year—this Sunday! This year, we say farewell to the sign of the Tiger and enter the year of the Rabbit (tù (兔). In the Chinese zodiac, rabbits are born every twelve years—in 2011, 1999, 1987, 1975, and so on. Famous Rabbits include Michael Jordan, Albert Einstein, Angelina Jolee, and David Beckham.