The S&P 500 was built to measure the market, not to be a portfolio
For its first 19 years, a regular person could not buy the S&P 500. That wasn't an oversight. It was never meant to be bought.
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Canada's first old age pension came with a catch
In 1927, the Old Age Pensions Act paid a maximum of $240 a year to Canadians aged 70 and up. To qualify, your income had to be under $365 a year, and the pension shrank as your income climbed past $125.
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