Ringing the New York Inventory Trade Closing Bell!

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Completely happy Friday, y’all!!! Thrilling information…

Final week I rang the closing bell on the New York Inventory Trade!!!!  Woot woot! I imply, ding ding ding! 🔔

It occurred final Friday, Dec third. Right here’s an image under… I’m the man within the again proper underneath the cool owl brand. (BTW — I’m 6 foot 2, and standing on a platform! Normally I’m the tallest man in all places I am going, however in comparison with these giants I look tiny!)

Earlier than I inform you all the small print and stuff, first I gotta give a large THANK YOU to the legends who invited me… Taylor and Brett Sohns from LifeGoal Investments! (These are the dudes I met at FinCon a couple of months again and made a small angel funding with). Additionally, because of my superior spouse for letting me fly off to the opposite aspect of the nation to get together on Wall St. She is the very best!

OK, right here’s the way it all went down…

Getting Invited to Ring the NYSE Bell

Bell ringing ceremonies occur twice every buying and selling day, when the market opens and closes. The NYSE solely invitations listed firms to ring the bell (and generally non income), so it’s a fairly large deal to be invited.

It’s additionally form of a final minute factor… I’m certain a number of the bigger ceremonies (like when an organization goes IPO) are deliberate effectively prematurely. However for us they solely gave ~48 hours discover! It was final Wednesday once we bought the invite name, so I packed my baggage that night time and flew to New York the subsequent morning.

As I discussed earlier than, LifeGoal Investments was the corporate that invited me. They launched some ETF’s in September on the NYSE, and their flagship product could be very distinctive, referred to as the Residence Down Cost Funding ETF [Ticker: HOM]. Since this ETF is the primary of its type (you’ll be able to be taught what’s inside it right here), the change wished to host a celebration for LifeGoal and have a bell ringing ceremony.

It’s a bit random how I bought invited… Once I image occasions like this, I think about invitations going out to pick bigwigs, vital shoppers, and different fancy fits. Fact be informed, I used to be actually nervous as a result of I don’t actually slot in with these crowds. I barely personal formal garments! (Don’t inform anybody 🤫 however I needed to mud closet mould off of an previous go well with I stole from my brother 10 years in the past — it’s the one respectable factor in my closet that I may put on there! Gross, I do know.)

Anyway, the celebration with LifeGoal turned out to be very completely different than what I anticipated… The founders principally invited their shut family and friends, as a result of that’s who they wished to have fun with. Right here’s one other pic under, you’ll see founders/brothers Taylor and Brett are standing within the very entrance and their proud Mum is true within the center! A lot of the others have been previous childhood pals from the small city they grew up in. A really enjoyable and healthful group! I’m proud to name them pals 😊.

And, Brett introduced his spouse and child… who has the bluest eyes I’ve ever seen!

I feel NYSE means that you can invite as many individuals as you need to the ceremony, however solely ~15 or so can match up on the balcony when the bell rings. The remainder cling down on the buying and selling flooring.

Checking in, the foyer, the ceremony…

The NYSE is positioned on Wall Avenue within the decrease a part of Manhattan. Exterior the constructing there’s a big roped off space with a pink carpet resulting in the principle entrance. The get together begins about 1 hour earlier than the bell rings, so we bought there about 3pm EST.

You would possibly acknowledge a pair faces of our pals within the PF group…

On the far left is Joel from the Find out how to Cash podcast. Subsequent is Brennan aka Budgetdog. I’m the nerd within the checkered shirt, and on the far proper is Jesse from The Finest Curiosity.

When you enter the foyer, there’s a flowery verify in station with customized made badges for everybody. These badges are modeled after these worn by merchants to show their NYSE member numbers. They’re made out of steel which makes it a cool little memento all of us get to maintain 🙂

Everybody had humorous nicknames assigned. Mine was simply “The Blogger”, which was good as a result of folks then understood why I used to be asking all of the dumb questions 😂

I want I took pictures of the foyer space! Simply think about a modern and fashionable museum, with lengthy hallways displaying historic archives and artwork. The NYSE opened in 1792 (and moved into its present constructing in 1903) so there’s a ton of artifacts and enjoyable historical past to study.

After the foyer, everybody was ushered into a big conference room to have some snacks and drinks. There have been huge video shows on all of the partitions, every displaying the LifeGoal Investments brand with welcome and congratulations messages. Just a few representatives from NYSE have been there to provide speeches, current awards to Brett and Taylor Sohns, and inform us extra historical past in regards to the bell ceremonies.

At about 3.50pm, everybody was then taken as much as the buying and selling flooring…

Buying and selling Ground, Bell Ringing and Enjoyable Details

The buying and selling flooring appears to be like precisely like what you’d suppose it does – identical to within the films. Flashing lights, pc screens in all places, and other people bustling about. Besides there was no yelling like I hoped to see. Perhaps as a result of it was a Friday afternoon and everybody was winding down after an extended day – sadly, the market went down about -1% that day 😭. Right here’s a pano pic of the buying and selling flooring.

Do you know… Previous to a bell, the NYSE truly used a Chinese language gong to sound the opening and shutting of the markets!? It was in 1903 once they switched to bells. There are literally 4 loud bells, overlaying every space of the buying and selling flooring. All of them ring synchronously, managed by a grasp swap/bell on the balcony podium.

Right here’s extra cool historical past on the NYSE Bell.

About 2-3 minutes earlier than 4pm, a NYSE consultant took us upstairs to the bell balcony. He gave us some last-minute directions of which buttons to press, when to hammer the gavel, and the bell timing. My job was to simply clap repeatedly for 60 seconds, after which cheer loudly when the market closed. Right here’s a 1 min YouTube video!

(https://www.youtube.com/watch?v=EvT1VaRlh38)

After ringing the bell, folks can cling and take pictures on the balcony for a bit. However earlier than leaving, proper behind the balcony there’s a hallway of stairs with white partitions. Everybody stops right here and has an opportunity to signal their identify on the wall with a sharpie.

I had a fast look via the names however didn’t acknowledge any well-known ones. However, it’s enjoyable to signal my identify subsequent to others who have been celebrating IPOs or large firm milestones.

Journey Prices and Journey

 I’m the luckiest man on this planet. Consider it or not, this whole journey value me about $108.

Flights have been booked with AMEX reward factors from journey hacking with bank cards. I ate without cost on the airport Centurion lounges in DFW and LGA on each journey days. (I’ve entry to the lounges as a part of my Amex Platinum card.)

My first lodge night time was an annual IHG rewards night time which was going to run out on the finish of the yr anyway. The opposite lodge night time was comped by the LifeGoal staff, and so was the dinner and lunch on Friday.

The $108 I did spend was for Uber journeys, catching the subway, and some random beers and pizza slices whereas we have been out. Gotta have pizza whereas in NY!

All in all, it was a loopy 72 hours I’ll always remember.

Thanks once more and CONGRATULATIONS to the LifeGoal Investments staff. By no means in 1,000,000 years would I think about I’d be part of such a uncommon occasion.

If any of y’all get a possibility to ring the bell in the future, take it! Even when it prices cash and it’s final minute, it’s value it!

Completely happy Friday and have an incredible weekend!
– Joel



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