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Why Fireworks Are Such a Big Part of Independence Day – Presented by Mark K. Lund, Financial Advisor in Utah

Financial Advisor UtahJohn Adams made a bold prediction about American Independence Day celebrations.

In early July of 1776, shortly after delegates from the Colonies voted to part ways with Britain, Adams wrote to his wife Abigail.

“I am apt to believe that it will be celebrated, by succeeding Generations, as the great anniversary Festival,” he wrote. “It ought to be solemnized with Pomp and Parade, with Shews, Games, Sports, Guns, Bells, Bonfires and Illuminations from one End of this Continent to the other from this Time forward forever more.”1

The day Adams was referring to was the day of the vote, July 2nd.

Maybe he was wrong about the date of Independence Day. But he was certainly right about the loud celebrations that would accompany its observance going forward.

The next year—July 4th, 1777—the first anniversary of our independence was celebrated on the waterfront in Philadelphia with multiple ships firing 13 gun salutes with their cannons. In Boston the event was commemorated with the firing of rockets and shells over the Common.

However, firing off military hardware in the vicinity of large crowds isn’t the best idea. So after the War of 1812, fireworks began to replace combat machinery as a safer way to make festive explosions. And by the end of the 19th century a reporter would comment that “the American Fourth of July is the greatest event the maker of firecrackers knows.”

While shooting off a roman candle is less risky than firing off blank mortars, this kind of pyrotechnic (the kind we as kids called “the good fireworks”) can still start fires, cause injuries, and lead to pets running away from home. As a result, more and more cities and states have banned their use.

Still, Americans spend around $1 billion each year on fireworks for the 4th.

It’s estimated that a “major” community fireworks display will cost about $1000 per minute.

The pricetag for the Macy’s 4th of July show over New York harbor may run as high as $6 million.2

That’s a lot of money going up in smoke for a spectacle that lasts less than an hour. But when we reflect on the wonderful uniqueness of our country and the challenges it has overcome to last nearly 250 years (with the world’s longest surviving constitution3), then the extravagance seems well worth it.

We wish you and your family a happy Independence Day and hope the celebrations give you a renewed appreciation for our freedoms.

If you ever have any questions about your investments or retirement plans, please feel free to give me a call at 801-545-0696.

Regards,
Mark Lund
Stonecreek Wealth Advisors, Inc.
11576 S State Street, Bldg. 1002
Draper, UT 84020

Sources:
1. http://go.pardot.com/e/91522/ks-independence-day-john-adams/93cgc1/1970648643?h=QPMU_WvX7tBDL964iTGBqH9rzwkdQfl1QVVLpPKr2tE
2. http://go.pardot.com/e/91522/-fourth-july-fireworks-numbers/93cgc4/1970648643?h=QPMU_WvX7tBDL964iTGBqH9rzwkdQfl1QVVLpPKr2tE
3. http://go.pardot.com/e/91522/ldest-democracy-world-he-righ-/93cgc7/1970648643?h=QPMU_WvX7tBDL964iTGBqH9rzwkdQfl1QVVLpPKr2tE

Disclosure:
This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. All economic and performance data is historical and not indicative of future results. Market indices discussed are unmanaged. Investors cannot invest in unmanaged indices. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This material was prepared by Efficient Advisors, LLC (“EA’) for Mark Lund, Mark is a Financial Advisor in Utah. He is known as a Wealth Advisor, The 401k Advisor, Investor Coach, Financial Planner, Investment Advisor and author of The Effective Investor. Mark offers investment advisory services through Stonecreek Wealth Advisors, Inc. a fiduciary, independent, fee-only, Registered Investment Advisor firm providing investment management and retirement planning for individuals and 401k consulting for small businesses. Mark’s newsletter is called The Effective Investor Newsletter. Cities served in Utah are: Salt Lake City, Salt Lake County, Utah County, Park City, Murray City, West Jordan City, Sandy City, Draper City, South Jordan City, Provo City, Orem City, Lehi City, Highland City, Alpine City, American Fork City. The views expressed herein are exclusively those of Efficient Advisors, LLC (‘EA’), and are not meant as investment advice and are subject to change. All charts and graphs are presented for informational and analytical purposes only. No chart or graph is intended to be used as a guide to investing. EA portfolios may contain specific securities that have been mentioned herein. EA makes no claim as to the suitability of these securities. Past performance is not a guarantee of future performance. Information contained herein is derived from sources we believe to be reliable, however, we do not represent that this information is complete or accurate and it should not be relied upon as such. All opinions expressed herein are subject to change without notice. This information is prepared for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. You should seek financial advice regarding the appropriateness of investing in any security or investment strategy discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. You should note that security values may fluctuate and that each security’s price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Investing in any security involves certain systematic risks including, but not limited to, market risk, interest-rate risk, inflation risk, and event risk. These risks are in addition to any unsystematic risks associated with particular investment styles or strategies.

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