In case you haven’t noticed, finance and investing is really a
weird subject. Not that weird is bad, it makes life interesting. But no doubt
finance, investing and money are the lifeblood of any society which makes it unique
and interesting subjects in the world. Some of the weirdest facts about finance,
investing and money may be difficult for you to believe. Hopefully there is
something in this article, from which you will learn new things. The following
are the weird and interesting facts about finance, investing and money:
1. Apple’s cash and cash equivalents are now equal to the GDP of
Hungary, and more than that of Vietnam and Iraq.
2. Until the US Federal Reserve was created in 1908, individual banks
could create their own money.
3. The total assets under supervision of JP Morgan are $2.2 trillion,
which is more than the GDP of India.
4. The World’s first bank was Monte Dei Paschi di Seina, founded in
1942 and headquartered in Tuscany, Italy. It still operated today.
5. If you invested $100 in Microsoft in 1986, instead of buying a
version of Windows 1.0, it would be worth $46,400 today.
6. Everyday 20 banks are robbed. The average money stolen is $2,500.
7. The original name of Bank of America is Bank of Italy.
8. The United States generates more than 20% of world’s GDP with
about 4% of the world’s population.
9. The highest publicly reported amount of money paid for a domain
name is $7.5 million for business.com
10. Flatbush National Bank of Brooklyn was the first bank to issue a
credit card in 1946.
11. The first stock exchange dates back to Antwerp, Belgium.
12. Dollar was officially adopted as United States unit of currency in
1785.
13. Since 2008, Americans have donated $19.1 Million to the US
treasury to help pay down the national debt.
14. Since 1928, the S&P 500 has closed at a new all-time high
1,024 times or 4.8% of all trading days.
15. Over the past decade, hedge fund managers have underperformed not
just the stock market, but inflation as well.
16. If Bill gates gave all his fortune to the US government, it would
only cover the US budget deficit for about 15 days.
17. People in the 18-24 age bracket spend nearly 30% of their monthly
income just on debt repayment.
18. The US national debt on 1791 was just $75 million dollars. Today
the US national debt rises by that amount about each hour.
19. The US national debt rises at an average of $3.8 billion per day.
20. Research has shown that as little as 10 hours of personal finance
education positively affects students spending and saving habits.