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Monthly Market Update: 
Recap of November 2019

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Hey, it’s Eric with RightPlan Financial. Thank you for tuning in to another monthly market update. Also, be sure to watch until the end of the video, we have some other big announcements coming.

November was a record-breaking month with multiple indexes entering a new high point many times in the month. The October jobs report showed 128,000 jobs added, which surpassed the 85,000 expected.

New home building permits are at their highest level since 2007. This data backs our information showing consumer and service sectors are currently performing well.

Bonds have remained steady while the feds are not discussing any rate increase or decrease at this time.

In November, the S&P 500 was up 3.63% the Dow Jones Industrial Average up 4.11% and the Nasdaq Composite up 4.64%. The international markets small a small gain, but no where near the US markets.

 

As we finish out the year, we will be evaluating each client’s investment portfolios and conducting research to see what funds we will be utilizing moving forward. TD Ameritrade had zero commissions also known as trade fees on some of its funds. We made the decision to utilized those to reduce expenses passed down to clients. Now, they made the announcement that all funds will be commission free. This allows a great opportunity to for us to continue saving you on unnecessary expenses.

Also, you have probably seen in the news or received emails about TD Ameritrade and Charles Schwab. Schwab is purchasing TD. At this time, they are working out details and as we know more, you will be sure to let you know. This a great move, making these two companies the largest custodian in the industry.

To break it down, the custodian is where your money is held that we manage for you. Their platform is what we utilize. There are no changes to our staff, RightPlan or anything that we do. We will remain client focused and we know a combination of two large custodians will be a benefit to all.

 

If you have any questions, please feel free to reach out. Have a wonderful holiday season and we will see you next year.