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Weekly Wealth of Knowledge - Week of 11/7/22

November 08, 2022

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 kicks off "giving" month at MONECO, as we welcome in all that we should give thanks for. 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:

       •  Midterm Elections (2 min read)
       •  FED Hints At Change In Policy (3 min read)
       •  Giving Back (3 min read)

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Midterm Elections

The midterm elections are underway. In many states, ballots have been delivered and, in several cases, already returned by Americans exercising one of the most sacred of their Constitutional rights.

Election Day is always the Tuesday following the first Monday in November. So, if you haven’t voted yet, you have until November 8 to cast your ballot.

The results of elections almost always influence the economy, whether that be an immediate reaction from Wall Street or a long-term reaction due to policy changes. Midterm elections, in particular, can shake things up.

It's too early to tell what major or minor changes might be coming, but some change is inevitable.

Such changes are among the many factors we consider when building your long-term financial plans. The U.S. has major elections every two years, and it's best to be prepared for some market volatility as the election results come in. If you have any questions, do not hesitate to reach out.

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FED Hints At Change In Policy

Last week, as expected, the Federal Reserve hiked its key benchmark rate for the fourth consecutive time, a  three-quarter increase, but there may be some potential change in its strategy moving forward. Read all you need to know below and do not hesitate to reach out with how this most recent increase could impact your overall financial plan.

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The Importance Of Giving Back

As we continue with the theme of “giving" month for November, we will be sharing content on how to give back in many ways, to your friends, your community and to your family. This week we again look at some of the benefits to benefactors, as well as the personal impacts on charity and volunteering and the importance of both.

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The opinions voiced in this material are for general information only and are not intended to provide specific financial or tax advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.