1 | Week In Review
Markets saw another increase across major indices, but they may be looking past the recession many are predicting. Why do analysts still see a recession while GDP was up? Annex Wealth Management’s Dave Spano and Derek Felske discuss.
3 | Client Exclusive
Happy Halloween!
Whether you’re in a sugar coma already or getting out your cape to complete your costume for tomorrow, that can only mean one thing: it’s Halloween weekend!
A day that children and candy companies alike look forward to, this week’s Axiom falls right on Halloween. Some communities had trick-or-treat last night, while some have chosen to participate the day of. No matter where you fall, we wanted to put together a few fun facts about the holiday to impress your friends, neighbors, and fellow trick-or-treaters with on the spookiest day of the year!
Halloween originated as a Celtic festival:
Dating back over 2,000 years, the Celts believed that the dead would return on the night before their new year during their festival called Samhain, celebrated at the close of the harvest on October 31. To ward them off, they would lite large fires and don costumes. [1]
Jack-o-lanterns were inspired by an Irish legend:
The tale goes that a man named Stingy Jack fooled the devil one too many times, and when Jack died, the devil would not take his soul, therefore Jack was sent to roam the earth with only a burning coal inside a carved turnup to light his way. According to the tail, his ghost was called ‘Jack of the Lantern’ and later shortened to ‘Jack ‘o Lantern’.[2] Creepy, right?
Speaking of Jack-o-lanterns…
The Guiness Book of World Records states that the town of Keene, New Hampshire holds the record for the most Jack-o-lanterns lit. The town was able to get 30,581 lit at one time during its Let It Shine fall festival.[3]
Trick or treating has been around since the Middle Ages:
People began practicing the tradition of “mumming” where they would dress up as ghosts and demons and go door-to-door performing songs and scenes from plays in exchange for food and drink. It’s taken many years to get to where it is today, to say the least![4]
The world’s longest haunted house is 3,564 feet long:
The Haunted Cave, located in Lewisburg, Ohio is a limestone cave that is 80 feet underground. Filled with actors, spectacles, and even 30,000 bats, you can visit this Guiness Book of World Records site for an incredible (and scary) experience unlike any other. And, bonus, it doesn’t shut down even if it rains.[5]
Handing out candy wasn’t a thing until the 1950s:
Prior to candy companies realizing they could capitalize on trick-or-treat, children would receive things such as fruit, nuts, pieces of cake, or little toys in exchange for uttering (or yelling) the popular phrase.[6]
But when candy become the norm, it took off:
Americans purchase nearly 600 million pounds of candy per year for Halloween, and about 90 million of those pounds are bought by last minute shoppers the week leading up to Halloween. Chocolate candy far outsells sugar candy and Americans seem to have a love-hate relationship with Candy Corn, as it fluctuates entry on the best and worst candy lists frequently. [7]
You can impress your friends with these facts while enjoying some fun size candy bars this weekend. We hope you have a safe, fun, and not so scary weekend! Happy Halloween!
Have an idea you’d like us to write about, or a story to share? Send us an email at cl************@*********th.com.
[1] https://www.history.com/topics/halloween/history-of-halloween
[2] https://www.history.com/news/history-of-the-jack-o-lantern-irish-origins
[3] https://www.guinnessworldrecords.com/world-records/most-lit-jack-o-lanterns-displayed
[4] https://www.thepioneerwoman.com/holidays-celebrations/a36915963/halloween-facts/
[5] https://www.thepioneerwoman.com/holidays-celebrations/a36915963/halloween-facts/
[6] https://www.thepioneerwoman.com/holidays-celebrations/a36915963/halloween-facts/
[7] https://mobile-cuisine.com/did-you-know/candy-fun-facts/
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4 | Did You Know?
Our President & CEO Has A Podcast
The Difference is a podcast hosted by Annex President & CEO Dave Spano and Radio and TV Personality Dan O’Donnell.
Each week, Dave and Dan discuss current events at the intersection of wealth and policy. Listen to them via Spotify, or wherever you get your podcasts.
Click here to listen to all of the episodes.
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5 | Ask Annex
What are the disadvantages of probate? Should I wait until the market recovers to rollover a 401k? 401k splits – how much to Traditional, how much to Roth? Taxes on a side hustle.
Annex Wealth Management’s Jill Martin, JD and Sarah Kyle provide answers.
Do you have a question for Annex Wealth Management? Drop it here: annexwealth.com/ask
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6 | Quote of the Week
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Do you invest your politics? Not so fast.
Originally recorded October 12, 2022, hear Tom Parks, AIF®, CRPS™ and Deanne Phillips, CFP®, CDFA®, ABFPsm as they uncover investing myths around election time and how to prudently navigate those political “rules of thumb” that can drive investor behavior and derail your investments.
Click the image to watch!
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Events & Webinars
Annex Wealth Management has always been committed to client growth and education. Planning and saving can be demanding. We’ve found that when our clients master key concepts, it often enhances working together to reach their goals. Because these are not sales presentations, our clients benefit from a truly informative experience.
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