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MONECO's Weekly Wealth of Knowledge - Week of 1/18/2021

January 19, 2021

The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. January is here and it is New Year, New You month at MONECO Advisors. All month we will be providing you with a host of content about new goals, new habits and new financial planning ideas.

In this issue:

  • Market/Sector Rotation (chart)
  • Top 10 Retirement Tips For 2021 (3 min read)
  • Visit These National Parks For Free (2 min read)

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This week, Financial Advisor, Reed Ameden, is featured in our introduction video!


Market/Sector Rotation

We know that depending on where we are in a particular business cycle, areas or sectors of the economy will perform differently. At times, growth oriented companies may perform better than value oriented companies and vice versa. Although there is not a proven way to predict how sectors will react, having a diversified investment strategy is key to pursuing your long term financial planning goals. Winners are not always at the top and losers are not always at the bottom, but rather a constantly shifting dynamic that is always changing. The below chart looks at the past five decades and illustrates the shift depending on what the overall economic picture was and the prominent beliefs that drove it. Time will tell how the markets, the different areas of the economy and the companies that operate in it will tackle the 2020s.


Top 10 Retirement Tips For 2021

During a year that all of us experienced many changes and had to find new ways to adapt to what was referred to as the "New Normal," one thing did not and that is how we should be planning for retirement. Because of changes that were brought on by the pandemic, some may even be looking to set a goal to potentially retire sooner or even later. Whatever situation you find yourself in now at the beginning of 2021, our friends at Forbes highlight in the below article the Top Ten Retirement Tips for 2021. The reality here though, is these tips should not only be referenced today but each and every year as you plan for retirement and we can help. Give us a call with any questions and to get your financial plan back on track. Click here to read the full article.


Visit These National Parks For Free

As many of you know, your entire team at MONECO Advisors is constantly encouraging clients and friends alike, to get outside as much as possible, especially during these times. Fresh air is not only good for your body, but exercise in general can reduce stress while staying fit. Out of over 400 of the National Parks that are maintained in the U.S, only 25% actually charge an entry fee, which often is not cheap. Fees help in maintaining the park, paying staff and making modifications throughout the year to improve the overall experience Each year the National Park Service announces a list of days where you, your families and friends can enter free of charge to those parks that normally have a entrance fee. Here is a list of those days and the participating parks that we encourage you to take advantage of, while viewing the wonders of nature across the country...enjoy!