Fun Fact Friday 02/03/23

February 3, 2023 by

Rob Challenger in Uncategorized

MARKET TERM OF THE WEEK

“Dividend”

When a company pays a portion of its earnings to its shareholders, typically attracting the attention of long-term investors and retirees.

#1

Every little bit counts.

Not including dividends,
the S&P 500’s annualized return since WWII has been
7.6%. At that rate of return, a 40-year-old setting aside $100 per month would have nearly $79,000 when they turn 65. If they stopped contributing at 65
and waited until turning
70 to start drawing down
assets, the total savings
would increase 39% to just over $110,0002.

(Source: BESPOKE CALCULATIONS)

#2

$233,333 a second.

30-second commercials for Super Bowl LVII are expected to cost $7,000,000 this year, an 84% increase from the $3.8 million they cost ten years ago in 2013. 30-second ads during Super Bowl 1 in 1967 cost $37,500, or about $340,000 in today’s dollars. The cost for a Super Bowl ad has increased at an annualized rate of about 9.8% since Super Bowl 1, which is more than double the rate of overall inflation (4%) as measured by US CPI.

(Source: Sports Business Journal)

#3

Six more weeks.

On thursday morning, thousands watched Punxsutawney Phil emerge from a tree stump and predict the weather. The groundhog did what he has done for the last 137 years- search for a sign of spring. Unfortunately, he didn’t find it, and according to him, we should expect six more weeks of winter weather. Bundle up!

(Source: NPR.org)

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