5/21/17
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EVENTS
June 15, 2017
6:00-7:30pm
Annex Wealth Management
12700 W. Bluemound Rd.
Elm Grove, WI 53122
In any industry, there are at least a few “secrets” known only by the insiders who work in the field that they’d rather keep to themselves. Ever wonder what truths some financial professionals keep to themselves? Join us for “7 Secrets Financial Professionals Don’t Want You to Know” where we’ll share a few of the industry’s best-kept secrets.
AXIOM + GRAPHIC = AXIOMAPHIC OF THE WEEK
Amazon Dwarfs U.S. Retailers In Terms of Market Cap
When Amazon held its IPO in 1997, the leadership at retail companies such as Walmart, Costco and Target probably didn’t lose any sleep over what that upstart online bookstore from Seattle might one day do to their businesses. 25 years later, Amazon is selling pretty much everything online and is constantly expanding into new categories, taking more business away from its offline-first rivals.
As our chart illustrates, Amazon is now by far the largest retail company in the United States, at least in terms of market capitalization. Currently valued at $458 billion, Amazon is worth nearly twice as much as Walmart, which is still the largest retail chain in the country in terms of sales.
Source: https://www.statista.com/chart/9426/amazon-vs-retailers-market-capitalization/
BEST OF OUR RADIO PROGRAMS
Know The Difference™ Minute: Brazil & Emerging Markets
Are Annuities Subject To RMD’s?
A caller asks Annex Wealth Management’s Mark Oswald and Dave Spano about an annuity that is in an IRA and whether it is subject to an RMD.
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