Did you know? You can go to any day’s “This Day in History” page by simply entering the month and date after www.begintoinvest.com/

For example: www.begintoinvest.com/May-9

Or follow Begin To Invest on Twitter or Facebook for daily posts!

Now, ‘This Day in History’ is also available as an Amazon Alexa Flash Briefing!


Quote of the Day

“Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little.”

― Fred Schwed Jr., Where Are the Customers’ Yachts?: or A Good Hard Look at Wall Street

March 21st – This Day in Stock Market History

March 21st, 1924 – Massachusetts Investment Trust is created, it would be America’s first open ended redeemable mutual fund (as opposed to a closed end fund, which had been around for 30+ years). In the fund’s next report released July 1924, the fund would have $50,000 in assets:


The fund is still around today, and A class shares trade under the symbol MITTX. Today the fund has $6.5 billion in assets. The fund has returned 9.22% before fees since inception.

Best March 21st in Dow Jones Industrial Average History

2003 – Up 2.84%, 235.37 points.

Worst March 21st in Dow Jones Industrial Average History

1933 – Down 3.87%, 2.32 points.

Read of the Day

Jason Zweig – The History of Mutual Funds, (and part 2 is here) A fun article written by Jason Zweig on the history of mutual funds: (Part 2 contains the rest of this infographic)


<– Go To Previous Day: March 20th: 2000 – Barron’s magazine cover warns investors of elevated tech stocks.

Go To Next Day: March 22nd, 1954 – The gold market in London reopens for the first time since 1929. Gold prices were $35 an ounce. —>