Broker Check

Weekly Wealth of Knowledge - Week of 2/13/23

February 15, 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. The theme for February is "generational planning." All month long 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:

       •  Team MONECO - Always Learning (2 min read)
       •  Money Topics To Discuss With Children (5 min read)
       •  Wisdom From Warren Buffet (2 min read)

If you enjoy our Weekly Wealth of Knowledge, don't forget to check out our content on Facebook, Linkedin, and Twitter


Team MONECO - Always Learning

At MONECO we are always encouraging our planners and team members to constantly be learning. In an industry that is ever changing, it is imperative to stay on top of market cycles, industry trends and new ways we can incorporate planning strategies to assist our clients in pursuing their financial goals. Recently, Financial Advisor, Scott Flynn and Associate Advisor, Stephanie Van Albert spent the day in New York City and met with several of our Investment Company Partners to do just that. They were able to get direct face time with two Portfolio Managers from Baron Capital, to get a market update, their thoughts on the current inflation situation and the hyper rate hikes that we all experienced throughout 2022. Having direct access to these opinions and experience helps the entire MONECO team and our clients. They even walked by legendary investor Ron Baron’s office, who came out to say hello and then invited them in for a chat.

In the afternoon they ventured over to the NYSE for a meeting with JP Morgan. There they attended the very informative and widely followed “Guide to the Markets” content presented by JP Morgan’s Global Market Strategist, Gabriela Santos. Gabriela has an uncanny ability of taking complex economic issues and presenting them in a more simplified way, that can then be translated to the team and our clients. No visit to the NYSE would be complete without a bit of a history lesson about this storied institution and a behind the scenes tour. The entire team at MONECO Advisors can’t wait for our weekly Investment Management discussion on Friday for Scott and Stephanie to enlighten us all on everything they learned so we can share with you!


Money Topics To Discuss With Children

As we continue to highlight "generational planning" all month long, this week we take a little bit of a twist. Time and time again, often when clients are successful at transferring their wealth to the desired next generation, that generation is unprepared to effectively manage it.  There are life long lessons that family members can take now to increase the understanding of financial literacy of children later down the road. 

Click to Read Full Article´╗┐


Wisdom From Warren Buffet

The stock market can provide some head-scratching moments, which is we like Warren Buffet’s quote, “...don’t watch the market closely.”

Stocks have been strong this year, and they rallied sharply before and after the recent Fed meeting, which ended Wednesday, February 1. But the following day, after the market closed, a handful of Wall Street’s most influential companies reported ho-hum Q4 earnings.

Then the next day, before the market opened, we learned that 517,000 jobs were created in January – nearly 3x the forecast. Stocks waffled that Friday as investors digested the poor earnings and worried that the stunning jobs report might force the Fed to be more aggressive with interest rates.

So what’s up? Is a new bullish trend emerging this year, or is it 2022 all over again with the Fed in the driver’s seat?

Fed Chair Powell began his post-meeting Q&A session saying the same stuff, including that the Fed has more work to do with interest rates. But then he said something almost no one expected to hear, “...the disinflationary process has started.”

The meeting transcript shows that Powell said “disinflation” 13 times in his press conference. He never said it once eight weeks earlier at the December Fed meeting.

When Wall Street is managing through a crosscurrent of news and reports, it can be an excellent time to follow Warren’s words of wisdom. And remember, it takes time for trends to emerge. Sometimes, it’s best not to draw any hasty conclusions. As always, if you have any questions, do not hesitate to reach out to the office!

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.