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Weekly Wealth of Knowledge - Week of 1/22/24

January 23, 2024

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

In this issue:

  • MONECO Insights – Reimagining Your Financial Journey (3 min read)
  • Team MONECO - Internship Program (2 min read)
  • Unemployment Claims Fall Again (2 min read)

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Reimagining Your Financial Journey

The start of the year is where many reassess their goals. Having a solid financial goal will only help you understand the clear path in which you strive towards. A great place to start when drafting your new ideas is to take a look at what made you successful in the past. Essentially you're creating a roadmap for success, you need to define your aspirations and priorities to make the road straight. Each individual is different, including their goals, what works best for you might not for someone else. As always if we can help in any way, do not hesitate to reach out! 

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Team MONECO - Internship Program

At MONECO, we are fortunate to be centrally located to several top notch universities. Over the years, our challenging internship programthat focuses on all areas of wealth management and financial planning has evolved, mainly due to the talent we have access to. We strive to help foster and encourage each individual to better themselves to prepare for their future and have been extremely lucky with all of the wonderful interns we've had. This month we began hosting our spring interns, welcoming them in typical MONECO fashion, we treated them to a pizza party! We welcome Sara back for her second semester, and Shane for his first, both coming to us from Fairfield University (Pictured below is some of the MONECO team post pizza)!

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Unemployment Claims Fall Again

In yet another sign of the resilient labor market, despite higher rates, unemployment claims last week dropped to their lowest level since September of 2022. These reports continue to be watched closely by the Federal Reserve, as the try to navigate their future monetary policy moves, as they have signaled the potential for future rate cuts in 2024. Only time will tell at what pace this may occur. We will be closing monitoring the first FOMC meeting of the year on January 30-31st. If you have questions, we are here for you.

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Important Information

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.

Moneco Advisors, LLC and LPL Financial are not affiliated with any other referenced entity.

This commentary reflects the personal opinions, viewpoints and analyses of the MONECO Advisors employees providing such comments, and should not be regarded as a description of advisory services by MONECO Advisors or performance returns of any MONECO Advisors client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. MONECO Advisors manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.