(Bonus) Did May Day Reshape Investing?

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May 5, 2025

Explore the significance of May Day in transforming investing accessibility. Discover how pivotal changes since 1975 have broken down barriers that once kept the public out of financial markets. Learn about the historical milestones that led to a more inclusive investment landscape. This discussion sheds light on the evolution of investing and the forces that have opened the door for broader participation.

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ANECDOTE

Buttonwood Agreement's Lasting Impact

On May 17, 1792, 24 brokers signed the Buttonwood Agreement, which formalized their trading practices.
This agreement was a metaphorical wall that set fixed commissions until May 1, 1975, when commissions were freed.

INSIGHT

1975 Changed Investing Costs Forever

The elimination of fixed commissions in 1975 dramatically lowered investing costs.
This change was crucial in making stock investing more accessible to individuals.

INSIGHT

Seven Walls Reduced for Investors

Numerous barriers to investing, like high fees, lack of knowledge, and limited advice, have significantly diminished since 1975.
This has opened the door for broader participation and better investment outcomes for individuals.

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After you listen:

Learn more about the story of how May Day became National Investing Day.

In this bonus episode, Mark takes a deep dive into the evolution of investing accessibility over the past century. From the barriers that once kep the public out of financial markets to key moments like May Day, he expolores the forces that gradually opened the door to broader participation in investing.

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