November 2019
Each month, Wellspring's wealth strategist and advisors will share news and articles to shed light on the current economy, financial markets, and common tasks for maintaining a well-rounded and resilient personal financial plan.

Click on the links below to learn more.
Economic Outlook

I n the US:

  • 11/1 - Manufacturing sector report
  • 11/1 - Employment report
  • 11/5 - Services sector report
  • 11/5 - Trade balance report
  • 11/26 - Consumer confidence report
  • 11/27 - Second look at Q3 GDP

Articles of interest:

Tyler Clifford wrote for CNBC , trade wars with the EU, China could be ‘self-defeating’ for the economy.

And the Fed is now working on how to better understand the modern economy. Technology is rapidly changing existing work functions while creating new jobs (think of the gig economy), which when measuring overall growth of the country may be missing vital data points, Ylan Mui wrote for CNBC .
Financial Markets

Articles of interest:

Another sign that corporate spending is slowing. Some analysts see stock buybacks from companies decline as one indicator of lower confidence and increase uncertainty in the broad market, Pippa Stevens wrote for CNBC .

If "phase one" of the trade negotiations between US and China come to fruition this month, Wall Street sentiment may react positively, Callum Keown wrote for MarketWatch .

Fred Imbert wrote for CNBC about where small-cap stocks may head in the next decade as indices like the S&P 500 continued to edge higher during this late-cycle bull market. (Diversification should be top of mind when considering investment in the financial markets.)
Personal Financial Planning

Financial institutions typically get swamped with end-of-year requests. With holiday business hours as well, preparing ahead will help avoid delays.

November will be opportune time to review and take care of:
  • Annual required minimum distributions (RMDs), age 70 1/2 and over
  • Charitable giving (including donor-advised fund transfers and qualified charitable distributions (QCDs))
  • Investment tax-loss harvesting
  • Capital gains payouts (estimates are generally available in November, mutual funds typically distribute capital gains in December)


Article of interest:

Kailey Hagen wrote for The Motley Fool about the "most important retirement chart" and how in the long run the overall spending to save for retirement is less when an investor starts early, "It might seem like you're giving money up, but you're actually saving yourself money over the long term, not to mention improving your financial security."

A high-yield savings account online, despite recent falling rates, can still serve as a savings vehicle such as for emergency reserves, Lisa Rowan wrote for Lifehacker .

Miriam Cross wrote for Kiplinger , the author discussed various strategies to manage taxes when planning out RMDs.

Wellspring In Action
Seminar with Transamerica

Wednesday, November 20, 2019

6:00 - 8:00 PM

Wellspring Office
2635 N 1st St
Suite 201
San Jose, CA 95134
Holiday Hours

Veterans Day (Bank Holiday) - Monday, November 11, 2019; We are open, please call to schedule an appointment.

Thanksgiving Holiday - Thursday, November 28, 2019; Wellspring office and US exchanges will be closed.

Friday, November 29, 2019; Wellspring operations will be available normal business hours and US exchanges will close at 1pm ET.
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Community Calendar

Wellspring Consulting encourages involvement in the SF Bay Area business community.

Below are some upcoming events this month!

Click each event flier for more details.
HCCNC Business Mixer co-sponsored by the Asian Commercial Professionals (ACP)

Friday, November 22, 2019

5:30 - 7:30 PM

Know an organization in the SF Bay Area involved in the business community and would like to share? Contact us today.
Phone: (408) 435-1668

For additional inquiries, please email us HERE .


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