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(1792)- A meeting of twenty four large merchants resulted into a creation of a market known as the New York Stock Exchange(NYSE). At the meeting, the merchants agreed to meet daily on Wall Street to daily trade stocks and bonds.



(1685)- Surveyors lay out Wall Street along the line of the stockade

(1653)- A 12-foot-high wood stockade is erected across lower Manhattan from river to river to protect Dutch settlers from attacks by the British and Indians

By 1900, millions of dollars worth of stocks were traded on the street market. In 1921, after twenty years of street trading, the stock market moved indoors.































By the time you're 80 years old you've learned everything. You only have to remember it."

George Burns

401(k) plan: A defined contribution plan offered by a corporation to its employees, which allows employees to set aside tax-deferred income for retirement purposes, and in some cases employers will match their contribution dollar-for-dollar. Taking a distribution of the funds before a certain specified age will trigger a penalty tax. The name 401(k) comes from the IRS section describing the program.

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