October 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.
US and China trade negotiations are expected to resume this month.

The end of October may present more details regarding rate cuts if any that the Fed plans for the remainder of the year.

Despite the resilience of US financial markets during a time when the global economy has slowed, the persistence of conflict only heightens uncertainties faced entering the last quarter of 2019.

The UK's withdrawal from the EU, Brexit, will weigh on the economy and financial markets domestically and globally.

Lingering tensions and increase divide between US and Iran is another topic of note following restoration of Saudia Arabia's oil fields.
Economic Outlook

In the US:

  • 10/1 - ISM Manufacturing Report
  • 10/4 - Employment report
  • 10/16 - Retail sales report
  • 10/22 - Existing home sales report
  • 10/30 - First look at Q3 GDP

Across the Atlantic:
  • 10/31 - First look EU Q3 GDP
  • 10/31 - Brexit update


Articles of interest:

As other central banks around the world are using negative interest rates to stimulate their local economies, this article from Lord Abbett examines what the US Fed approach may be, "How Might the Fed Respond to Negative Rates?" (Herzog & Lee, 2019).

And in Germany and the EU where negative interest rates already exist, this article from MarketWatch is a recap that also provides insight of the growing problem should US and China trade talks not progress forward, "What Germany’s Dismal GDP Number Really Means" (Briancon, 2019).

From NPR, "How Prices Changed At A Walmart In 1 Year" (Selyukh, 2019). Readers can also listen to the article online through the same link.
Financial Markets

Investors will be watchful of upcoming Fed commentary at the end of October.


Articles of interest:

From Gemmer Asset Management, "Investing in ETFs: Are you Really Making a Passive Choice?" (Mischler, 2019).

From J.P. Morgan Market Insights, "Understanding Negative Bond Yields" (Dryden, 2019).
Personal Financial Planning

Important dates to remember:

  • 10/15 - Extended tax filing deadline

Also, an early look at 2020 tax rates (these figures are not final), from Forbes, "Projected Brackets, Standard Deduction Amounts And More" (Erb, 2019).


Article of interest:

From MSN, two articles discussing the importance of saving early, "This Retirement Mistake Could Cost You" and saving enough, even if it means starting with a small amount in the beginning, "What an Extra $50 a Month Could Do" (Fralick, 2019).

The financial services industry developed a new scoring system to check retirement readiness, from CNBC, "Want to Know How Prepared You Are for Retirement?" (Konish, 2019). A direct link to the tool online, RISE Score, with many more resources.

From CNBC, "This Triple Tax-Advantaged Account Might Beat Your 401(k) Plan" (Mercado, 2019). Note that eligible individuals can contribute to both a 401(k) and HSA, it should not be an either or decision with careful planning.

Wellspring In Action
Stay tuned for future
announcements and updates!
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
Chinatown Community Development Center:
42nd Anniversary Gala

Friday, October 11, 2019

5:45 PM - 10:30 PM

Hyatt Regency
5 Embarcadero Center
San Francisco, CA 94111
Global:SF
Mexico VC Day

Thursday, October 17, 2019

8:00 AM - 6:00 PM

360 Lab
274 Brannan St, 5th Floor
San Francisco, CA 94107
Asian Pacific Fund
Annual Gala

Saturday, October 19, 2019

5:30 PM

Four Seasons Hotel
757 Market St
San Francisco, CA 94103
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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