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Weekly Wealth of Knowledge - Week of 10/30/23

November 01, 2023

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! As we close out October and "breast cancer awareness" month, we usher in November which kicks off "giving" month at MONECO.  All month long we will be providing you content on how to give back in many ways, to your friends, your community and to your family. And let’s do our best to continue this trend, not just this month, but throughout the entire year!

In this issue:

  • MONECO Insights - Charitable Giving (3 min read)
  • Covering The Cost Of Breast Cancer (2 min read)
  • Q3 GDP Comes In Hot (3 min read)

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Charitable Giving

Charitable giving positively impacts our society, can enforce change, and all in all makes the world a better place. Charitable giving has many benefits and makes a huge difference to individuals and organizations. Other than the powerful change giving has, it can also offer tax benefits, as well as several strategies many can utilize to maximize such benefits.    

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Covering The Cost Of Breast Cancer

Breast cancer unfortunately comes withy many costs. Luckily there are many options to help lighten the burden. Health insurance is a great luxury, which comes in different shapes and sizes to help fit to each individuals needs. Your healthcare team is also a great resource to guide you in how you can cut costs, while maintaining the level of care you need. We hope you find this information helpful and as always, if you have any questions, we are here for you.

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Q3 GDP Comes In Hot

This week the new GDP numbers came in higher than expected, bolstered by strong consumer spending, despite higher interest rates. This marks the biggest gain in GDP since the fourth quarter of 2021. However, with the stronger numbers coming out of the third quarter, this could give the federal reserve more reason to keep interest rates higher for longer. We hope you find this information helpful and as always, if you have any questions, do not hesitate to reach out.

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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.

References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.

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.