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Weekly Wealth of Knowledge - Week of 12/26/22

December 28, 2022
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https://www.fool.com/the-ascent/small-business/articles/5-small-business-trends-to-watch-in-2023/

The Weekly Wealth of Knowledge is your download of this week's most important topics related to our community, financial planning, and the markets. December kicks off "small business" month at MONECO.  All month long we will be highlighting ways we can all support small businesses within our local communities this holiday season and beyond. 

In this issue:

       •  Here Comes Santa Clause (2 min read)
       •  Consumer Confidence Rebounds (2 min read)
       •  5 Small Business Trends In 2023 ( min read)

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Here Comes Santa Clause

At MONECO, we pride ourselves in striving to always be giving back to the communities which we are so fortunate to serve in. Last week we highlighted Scott Flynn on the team and this week it is Colleen Galushko's turn.  When not working with clients and building out financial plans, Colleen fulfills the role of  President of the Board of Directors for the Wallingford Symphony Orchestra (WSO). The WSO was founded in December, 1974 and its first concert was endorsed and funded by the Horizons Committee of the Wallingford Bicentennial Commission as a project in tribute to our nation's 200th anniversary. The inaugural concert performance was in December 1974 in the Paul Mellon Arts Center, which became the home of the WSO thanks to the generosity of Choate Rosemary Hall. 

On Sunday, Dec 18th the WSO had their fan favorite Holiday Concert at Colony Hall on the campus of Choate.  This is always a well attended event for they have area choirs from schools sing with the orchestra.  This year the two middle school choirs from Wallingford sang with the WSO.  They of course also had a special visitor come by, that Colleen had a chat with, to see if her daughters were on the right list this year! 

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Consumer Confidence Rebounds

Despite the continued inflationary pressures that the economy is facing, consumer confidence jumped in December prior to the holidays, to a level not seen since April.  Gas prices continued to drop and folks believed that we may be closer to the end, than the beginning in regards to the Federal Reserves' interest rate hikes. Only time will tell if this is true, but respondents of the survey are clearly more positive than they were over the previous few months. As always, if you have any questions, do not hesitate to reach out to the office.

Click to Read Full Article

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5 Small Business Trends In 2023

As 2022 comes to a close, it has been a challenging year to say the least, especially for those owning and operating small businesses. As we enter into 2023, here are 5 small business trends to watch and how they may impact who can emerge as leaders in their respective spaces. If you own a small business or are considering starting one, give us a call if we can assist with any needed financial guidance. 

Click to Read Full Article!

Your entire team at MONECO would like to take this time to wish you and your families a very Happy New Year!

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.a