Shine Trader Live reports:
Ronald Wayne was the third co-founder of Apple, along with Steve Wozniak and Steve Jobs. In 1976, he sold his 10% stake for $800. Now his 10 percent will be worth $35bn.
The Dutch East India Company, founded in 1602, was the world’s first multinational corporation. It was the first company to issue stock and is the grandfather of all companies today. Shareholders don’t have much influence — companies are controlled by directors. Shareholders, however, have been richly rewarded. In the first half of the 17th century, annual dividends averaged 16%
The New York Stock Exchange is considered the most traditional because traders can’t enter the floor without wearing a suit and tie.
On average, September is the worst month for markets. Since 1950, the Dow is down 1.1% in September, while the S&P 500 is down 0.7% on average. Since the Nasdaq was founded in 1971, its composite index has lost an average of 1% in September.
You might think London is a huge stock exchange center, but the truth is Shanghai is number two. The New York Stock Exchange trades $152 billion a month, while the Shanghai Stock Exchange trades $127.8 billion. The London Stock Exchange Group trades just $165 billion a month.