Sandy Cove Advisors Celebrates 10 Years!

As we pass this 10 year milestone, we thought it would be fun to take a trip down memory lane back to 2010.

The S&P 500 returned 15.1% and ended the year at a level of 1,258 (today it’s at 3,335)
Unemployment rate average 9.5% in 2010 versus 3.5% today
Inflation was 1.6% versus 2.0% today
The 10 Year Treasury Bond yield averaged 3.22% versus the 1.65% level today
Minimum Wage was set at $8.00/hour in Massachusetts versus $12.75 today
Congress repealed the federal estate tax for the tax year 2010 meaning that individuals who died that year were not required to pay ANY estate tax (it became known as “the Steinbrenner effect” and saved his family 55% or nearly $600 million in taxes)
Average Life Expectancy in the U.S. was 76.2 years for men and 81.1 years for women
IRA Contribution limit: $5,000, catch-up contribution: $1,000
401K Contribution Limit: $16,500, catch-up contribution: $5,500
Annual Gift Tax exclusion: $13,000

President of the United States was Barack Obama
Major 7.0 magnitude earthquake hits Haiti, killing more than 230,000 and destroying the country’s infrastructure. Worldwide aid pours in
Deepwater Horizon offshore platform explodes leaking oil into the Gulf until it’s capped three months later
A happy conclusion to the Chilean mining accident when 33 miners survived 69 days underground before being rescued
During midterm elections, Republicans retook the House of Representatives gaining 63 new seats

Apple iPad 1 was released
Instagram was born
Top iPhone App: Netflix
The Oscar for Best Picture: The Hurt Locker
The Oscar for Best Actor/Actress: Jeff Bridges (Crazy Heart) & Sandra Bullock (The Blind Side)
Song of the Year: Single Ladies by Beyonce
Album of the Year: Fearless by Taylor Swift
Emmy Awards: Drama series was Mad Men (AMC) & Comedy series was Modern Family (ABC)
San Francisco Giants won the World Series over the Texas Rangers 4-1
Chicago Blackhawks won the Stanley Cup
New Orleans Saints win Super Bowl XLIV over the Colts with a score of 31-17
Winter Olympics are held in Vancouver, Canada where the U.S. won an all-time high 37 medals (9 gold, 15 silver, and 13 bronze)
TIME Magazine Person of the Year: Mark Zuckerberg
People Magazine Sexiest Man Alive: Ryan Reynolds
Biggest Fashion Statement: Lady Gaga's Meat Dress at the MTV Video Music Awards

Dennis Hopper, Leslie Nielsen, J.D. Salinger, Leena Horne, George Steinbrenner, and Gary Cooper were among the well-known folks who died in 2010