The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. November is giving month at MONECO Advisors, so we will be including some pieces on how you can contribute to your community.
In this issue:
- Rebalancing Your Portfolio (4 min read)
- Risk in Retirement (3 min read)
- How Americans' Donations Changed During COVID-19 (3 min read)
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This week we are introducing our new team member, Stephanie Van Albert!
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Rebalancing Your Portfolio
Rebalancing is the process of restoring a portfolio to its original risk profile. Ongoing rebalancing in a portfolio is a way to ensure that your target allocation and risk level are maintained, regardless of market conditions. In this article, we talk about the two ways to rebalance a portfolio. Click here to read more.
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Risk in Retirement
Throughout your life, you probably categorized your risk as "conservative", "moderate", or "aggressive" and stuck to the investment plan within those categories. What happens during retirement is a shift in mindset. Instead of finding the best performing funds, it's more about consistent performance. Or, maybe you would just rather have a steady income. A change in your mindset will change the shape of your portfolio and the investments you choose to fill it with. Let's take a closer look. Click here to learn more.
What's your risk number? If you are interested in measuring your portfolio's risk, check out this free portfolio risk analysis tool on our website. Click here to try it out.
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How Americans' Donations Changed During COVID-19
According to Indiana University's Women's Philanthropy Institute (WPI), 56% of U.S. households engaged in charitable giving to help their neighbors through the COVID crisis. The statistics were comparable to other disasters. Even though the pandemic created a lot of economic insecurity, Americans continued to donate money. What was different this time around was where people's money went. Almost half engaged in charitable giving indirectly, by shopping at stores and restaurants that they knew needed support. Examples of this included paying for cleaning services, getting takeout, and supporting local boutiques. Click here to read more.
November is giving month at MONECO Advisors, and we want to help contribute to our community. That is why we have organized our 5th Annual Turkey Drive in partnership with the Connecticut Food Bank, which lasts until November 22nd. Click here to support our team!
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