St Patrick’s Day
History:
Patrick was a 5th-century missionary to Ireland and later served as bishop there. He is credited with bringing Christianity to parts of Ireland and was probably partly responsible for the Christianization of the Picts and Anglo-Saxons. He is one of the patron saints of Ireland. St. Patrick, (flourished 5th century, Britain and Ireland; feast day March 17), patron saint and national apostle of Ireland. He is known only from two short works, the Confessio, a spiritual autobiography, and his Letter to Coroticus, a denunciation of British mistreatment of Irish Christians. This is actually the day St. Patrick died.
Approximate Statistics:
$5.3 billion spent on beer
23.7 billion pounds of corned beef sold
Cabbage shipments increase by 70% the week prior
795 celebrate by rocking some green
$6.16 % will be spent on the name of St. Patrick
50 Pounds of green dye are dumped into the river in Chicago to turn it green
13 million pints of Guinness beer will be drank
30% or more of Americans prepare a traditional Irish Meal: Cabbage and Corned Beef, Irish Bread and Shepherd’s Pie.
$ 40.00 dollars is what the average person will spend buying green accessories
Americans have been celebrating St Patrick’s Day for 281 years- the first St Patrick’s Day Parade was in 1737, in Boston, MA.
Be Careful, 60 people were killed in drunk driving crashes March 17, 2016. That is approximately one fatal crash every 36 minutes.
St. Patrick’s Day and Investing
St. Patrick’s Day is a time to consider all things Irish, from soda bread, to four-leafed clovers, and the all-elusive McDonald’s Shamrock Shake. It can also be a time to think about your financial future.
You may think that putting money in the stock market is all a game of chance, like spinning a roulette wheel and hoping you’ll land on a lucky number. But successful investing isn’t about finding a pot of gold at the end of a rainbow. We believe it’s all about setting a course and sticking to it. Investing for the long term: Keeping your money invested for the long term allows you the potential to take advantage of something called compounding. By investing regularly over time and adding more money when you can, you can help avoid the dangers of trying to time the market. Whether it’s buying a house, planning for your children’s education, or funding your own retirement, it’s important to remember that with regular saving and investing, you can build wealth over time.
This is meant for educational purposes only. It should not be considered investment advice, nor does it constitute a recommendation to take a particular course of action. Please consult with a financial professional regarding your personal situation prior to making any financial related decisions. Investing involves risk including the potential for loss. (03/21)