Happy Thanksgiving

In advance of the holiday, Klingenstein Fields Advisors (KF Advisors) would like to take this opportunity to wish everyone a happy Thanksgiving, filled with friends and family, and, of course, turkey. We are honored and grateful for the trust you place in us and look forward to continuing to work together.   

Let’s talk turkey
We thought you might enjoy some fun Thanksgiving facts to share at your holiday table*:
  • Although the first Thanksgiving took place in fall 1621, it didn’t become an official national holiday until 1863, when President Lincoln proclaimed that the nation would officially celebrate Thanksgiving on November 26, 1863, in an attempt to begin to heal our divided country.  
  • The first Macy’s Thanksgiving Day parade (originally Macy’s Christmas Parade) took place in 1924 to highlight the store’s expansion and status as the “world’s largest store.” The original parade had floats, similar to today, as well as a menagerie of live animals borrowed from the Central Park Zoo.  The big character balloons didn’t make an appearance until 1927.
  • The first official presidential turkey pardon dates back only to 1989, under President George H.W. Bush, although unofficial presidential pardons allegedly go much farther back in U.S. history.
  • Minnesota is the country’s biggest producer of turkeys, raising almost 46 million annually, according to the USDA – coincidentally, this is about how many Americans eat turkey on Thanksgiving.
  • We can thank Thanksgiving for the invention of the TV dinner. According to reports, in 1953, Swanson overestimated Thanksgiving turkey consumption (to the tune of 260 tons of frozen turkey). A creative Swanson salesman, Gerry Thomas, took a cue from the prepared foods that airlines served and came up with the concept of compartmentalized aluminum trays filled with the “fixins” for a turkey meal. Swanson inexpensively mass produced meals using an assembly line approach.
  • For helpful hints and answers to all of your urgent turkey questions, you can contact the Butterball turkey hotline:  www.butterball.com/turkey-talk-line, text 844.877.3456 or call 800-Butterball (800.288.8372), or follow on a variety of social media platforms.
*Sources:  History.com, cnn.com, smithsonian.com, butterball.com
Reminder:  Market Hours
The financial markets will be closed on Thursday, November 23, 2017 in observance of Thanksgiving. The financial markets will close early at 1:00 p.m. EST on Friday, November 24, 2017. 

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personal investment advice. KF Advisors is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. If you are a KF Advisors client, please remember that it remains your responsibility to advise KF Advisors, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. A copy of our current written disclosure statement discussing our advisory services and fees is available upon request or by clicking here. Please read the expanded disclosures in the linked report.