Gap Financial @Gap_Financial
Fiduciary investment advisor using truth, discipline and creativity to bridge the gap between your financial present and your financial future. gapfinancialservices.com Joined August 2016-
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For the first time ever, Morningstar calculates that there are more publicly traded ETFs (over 4,300) than individual stocks (~4,200). In the first half of 2025, 469 ETFs were launched, which is up nearly 50% from 2024 and is 140% above the five-year average. (Source: Bloomberg)
On this day in 2000, the New York Stock Exchange began trading in decimals, ending the two-century-old practice of pricing stocks in increments of 1/8th of a dollar. The first to adopt decimal pricing: Anadarko, FedEx, Forest City Ent., Gateway, Hughes Supply, and MSC Software.
The college football season kicks off in full this Saturday. This season marks a new era in college sports where schools can opt in to a revenue sharing program in which athletes can be paid up to $20.5 million across the entire school’s athletic program. (Source: CBS Sports)
On this day in 1861, federal income tax was levied for the first time. The Revenue Act of 1861 became law, assessing a tax of 3% on all personal income in excess of $800 a year to help pay for the Civil War.
Words cannot express the devastation we feel that our beloved colleague, Wesley LePatner, was among those who lost their lives in the tragic incident yesterday at 345 Park Avenue. We are also deeply saddened by the loss of the other innocent victims, including brave security…
On this day in 1985, Coca-Cola announced the return of Coke Classic after the company had tried displacing the old formula with New Coke. It was such a stunning development that ABC’s Peter Jennings interrupted General Hospital with the news flash. $KO
On this day in 1890, Congress created the first pension in which age was part of eligibility. Any veteran over age 65 was entitled to a monthly payment of between $6 and $12.
ABLE accounts allow Americans with disabilities to save and invest. Here's how. cbsnews.com/news/able-acco… via @CBSMoneyWatch
On this day in 1991, the New York Stock Exchange began after-hours trading for the first time, as two “crossing sessions” of trades among institutional investors extended the trading day to 5:15 p.m. #NYSE
On this day in 1997, Amazon went public on the Nasdaq, offering 3 million shares at an initial price of $18 per share. $AMZN
On this day in 1942, the World War II bear market hit a bottom, as the Dow Jones Industrial Average closed at 92.92, down 0.97 points for the day and 16.3% for the year to date. Over the next four years, the market would more than double.
College tuition has increased 899% since 1983. The overall inflation rate during this period was 225%, but annual tuition & fees to attend a four-year public school, since peaking at $12,490 in 2020, have fallen 9.8% to $11,260 in 2024. (per CNBC)
Taking money off the table around critical dates can make long-term results much worse. Hartford Funds calculates that missing just the 10 best days between 1995 and 2024 left an investor in the S&P 500 with less than half as much money. Almost all were during fraught periods.
"If a credit card balance, car loan, student loan, or even a personal or family loan are canceled or forgiven, it could be recognized as taxable income (and reported on Form 1099-C)," says Jarrod Winkcompleck, a certified financial planner at Gap Financial Services. (1/2)
In a 64-Team March Madness bracket (not counting play-in games), the odds of accurately predicting all 63 game outcomes are 1 in 9.2 quintillion. The odds of even accurately predicting all 32 first round games are 1 in 4.3 billion. (Source: Bespoke, Powerball)
Through 2/7 avian flu led US producers to cull 21.1 million egg-laying chickens in 2025 on top of the 13.2 million culled in 12/24. Combined losses since the start of Dec account for 12% of the total flock, helping drive the national avg price for a dozen eggs to a record $7.34.
On this day in 2000, 17 dot-com companies spent a total of nearly $38 million on network television ads during Super Bowl XXXIV. By the next Super Bowl, at least three had gone into Chapter 11, largely due to the money spent on the promotions.
ABLE 10th Anniversary Video youtu.be/E7y51qa9WkI?si… via @YouTube
Annual exclusion for gifts increases to $19,000 for calendar year 2025, rising from $18,000 for calendar year 2024. #taxes

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