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JUMP START 2020 NOW!!! (NOTE FROM PHIL)
It's almost 2020 and with it may come a few New Year's resolutions. Most are typically diet related (at least mine are), but if budgeting, boosting your savings, or trying to provide financial guidance for a younger adult child maybe we can help.
We have a new program for those trying to jump start savings and their finances. It includes monthly coaching calls and fits best for those who are at the early stages of their careers, either learning how to or struggling with budgeting, dealing with employee benefits, and who typically have under $100,000 in investment assets. Some could be late savers too. Either way it's designed for those needing to jump start their financial picture.
For more information please email me. This program does include a financial plan along with monthly ongoing planning topic calls. This is separate from our investment management services.
As always should you have any questions or want to set up a meeting give us a call. Talk to you soon.
Phil
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THE WEEK ON WALL STREET
As November wrapped up, U.S. equity benchmarks advanced. Stocks were again aided by a sense of optimism that a preliminary U.S.-China trade deal could be near.
For the week, the Nasdaq Composite added 1.87%; the S&P 500, 1.21%; the Dow Jones Industrial Average, 1.03%. The MSCI EAFE index, which measures the performance of developed stock markets outside North America, gained 0.89%.
1,2
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markets wait for news of a trade pact
Wednesday, a senior White House official told
Politico
that the U.S. was "millimeters away" from a phase-one trade agreement with China, a deal that might involve the removal of certain tariffs.
Still, friction remains within the Sino-American relationship. Last week, President Trump signed two bills into law backing pro-democracy demonstrators in Hong Kong. China's Ministry of Foreign Affairs quickly reacted, stating that American lawmakers had "sinister intentions" and adding that China would take "strong counter-measures" in return.3,4
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the latest on consumer spending and consumer confidence
Personal spending was up 0.3% in October, according to the Department of Commerce. This happened even with no gain in household incomes.
The Conference Board said that its Consumer Confidence Index came in at 125.5 for November. Even though it has declined for four straight months, the index remains well above levels seen during the first half of the decade.5,6
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THE WEEK AHEAD: KEY ECONOMIC DATA
Monday:
The Institute for Supply Management provides its latest monthly index of U.S. manufacturing activity (November).
Wednesday:
The ISM presents its November Non-Manufacturing Index, and Automatic Data Processing (ADP) publishes its November payrolls report.
Friday:
November hiring data arrives from the Department of Labor, and the University of Michigan's preliminary December Consumer Sentiment Index appears.
Source: Econoday, November 29, 2019
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
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THE WEEK AHEAD: COMPANIES REPORTING EARNING
Tuesday:
Salesforce (CRM), Workday (WDAY)
Wednesday:
RBC (RY)
Thursday:
Dollar General (DG), TD Bank (TD)
Source: Zacks.com, November 29, 2019
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Any investment should be consistent with your objectives, time frame, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.
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President
Wealth Advisor
phil@pmgwealth.com
George Maroudas
Wealth Management Coordinator
george@pmgwealth.com
Terry Maziarka
Client Service Manager
terry@pmgwealth.com
847.550.6100
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WEEKLY QUOTE
"I look to the
future because that's where I'm going to spend the
rest of my life."
GEORGE BURNS
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WEEKLY TIP
In business travel, a little thriftiness is a plus. Plan your business trips as if you are paying for them out of pocket.
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WEEKLY RIDDLE
I
follow and
lead as you pass. Dress yourself in black, my darkness
lasts. I
flee the light, but without the sun, your view of me would be gone. Now tell me, what am I?
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LAST WEEK'S RIDDLE
Two children are born in the same hospital, on the same year, on the same day, and have the same father and mother...but they are not twins. How is this possible?
ANSWER: They are triplets (or quadruplets, etc.).
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