The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. As we usher out January, we leave you with one last article to improve your credit score in 2022. February kicks off "generational planning" month at MONECO, where all month we will be providing you a host of content about transferring wealth to other members of your family and the appropriate strategies and benefits of doing so.
In this issue:
- Q4 GDP Tops Estimates (3 min read)
- Pullbacks, Corrections & Bear Markets (3 min read)
- 5 Ways To Boost Your Credit Score In 2022 (3 min read)
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Q4 GDP Top Estimates
Gross Domestic Product (GDP), is the value of all finished goods and services produced by a country during a specified time period. In the U.S., like in many countries around the globe, the pandemic has negatively impacted this figure over the past 18 months. Last week, the U.S. reported on Q4 data and the economy here at home expanded at 6.9%, which topped estimates. Is this sustainable and what does it mean to you and future growth prospects for 2022?
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Pullbacks, Corrections & Bear Markets
When the market drops, some investors lose perspective that downtrends and uptrends are part of the investing/business cycle. When stock prices break lower, it's a good time to review common terms that are used to describe the market's downward momentum. Click below for a brief tutorial. As always if you have any questions, do not hesitate to reach out to the office.
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5 Ways To Boost Your Credit Score In 2022
As we close out January and "new year, new you" month, we leave you with a brief discussion on ways you can boost your credit score this year. Having a strong credit score is critical for your financial well being, giving you better access to credit and can assist with achieving other long term financial goals such as college funding or perhaps even that second home in retirement. As always, if you have questions, we are here to help.
