Jim Munchbach, CFP®, CPCU®, CLU®, ChFC® August 12, 2022
Fun Factoid #1: Twenty Two Days
Over the last 30 years, i.e., 8/01/1992 to 7/31/2022, the S&P 500 gained +10.0% per year (total return). If you remove the best Twenty Two Trading days over the entire 3 decades, i.e., 22 trading days out of 7,554 trading days, the return for the S&P 500 drops in half to +5.0% per year (total return).*The S&P 500 consists of 500 stocks chosen for market size, liquidity and industry group representation. It is a market value weighted index with each stock’s weight in the index proportionate to its market value.*
Fun Factoid #2: Eight States
In June 2022, Eight States (Alabama, Georgia, Kentucky, Louisiana, Minnesota, Mississippi, Missouri and New Hampshire) each recorded their lowest state jobless rate in history
Fun Factoid #3: Sixty Seven Years
Vin Scully, the voice of the Los Angeles Dodgers for Sixty Seven Years before retiring at the end of 2016 regular season at age 88, died on 8/02/2022 at age 94. Scully was in the broadcast booth for 21 no-hitters during his career, including 14 thrown by Dodger pitchers (source: Los Angeles Daily News).
If you wonder why Fun Factoid Friday features Vin Scully, you’ve never lived to be 94 and you’ve certainly never worked at the same job for Sixty Seven Years! In loving memory of Vin Scully, the voice of the Los Angeles Dodgers
