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Weekly Wealth of Knowledge - Week of 1/8/24

January 09, 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 - A Solid Financial Foundation (3 min read)
  • Team MONECO - Holiday Reflections (2 min read)
  • Unemployment Benefits Fall Again (2 min read)

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A Solid Financial Foundation

This week our Insights team takes a look at ways to pursue building a solid financial foundation. In the fast paced world we live in, achieving financial stability and security is a common goal for many individuals. In this blog post, we will explore the key components of establishing a robust financial base, providing practical tips and insights to help you navigate the path to financial well being. As always, if we can help in any way, do not hesitate to reach out!

Click to Read Full Article


Team MONECO - Holiday Reflections

As is the case with our clients, the time leading up to the holidays each year is always a hectic one at MONECO. Required Minimum Distributions need to be fulfilled, along with retirement plan contributions, 529 gifts and closing the books on yet another year. For these reasons, it is often difficult to round everyone up to celebrate and reflect on how fortunate we are to work with such great clients and the team members we spend a tremendous amount of time with each and every day. Despite this, once again, some of the team was able to do just that, where schedules permitted, to celebrate one another and all the client work we are committed to doing, day in and day out and the friendships our team continues to share with one another. We hosted our annual team holiday reception with some good food, cheer and great conversations! Pictured below is some of the team post reception. We hope everyone had a wonderful holiday season and a Happy New Year!


Unemployment Benefits Fall Again

As we kick off 2024, U.S. applications for unemployment benefits fell again, as the job market continued to show strength, despite higher interest rates. Although it is still unclear if the economy could slide into a recession in 2024, the continued resilience in the job market (as well as the consumer), seem to say otherwise. Although only time will tell, many more are forecasting that the Federal Reserve may be able to navigate a "soft landing," following the rapid increase in rates over the past two years, one not seen in decades. 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.