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Weekly Wealth of Knowledge - Week of 4/1/24

April 03, 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! April is here and it is Financial Literacy month at MONECO Advisors. Having a solid foundation when it comes to financial literacy can help support a host of various goals, such as retirement, saving for education, and debt management. All month long we will be providing you content on the importance of spending, savings, budgeting and investing.

In this issue:

  • MONECO Insights - Financial Wellness (3 min read)
  • Fastest Rising Home Prices (2 min read)
  • U.S. GDP Growth (3 min read)

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Financial Wellness

Understanding the importance of financial literacy is crucial for several reasons. First, financial literacy empowers individuals to take control of their financial lives, make informed decisions, and achieve their goals. When someone is more knowledgeable, they have a better chance of maintaining their budget and savings amongst other things.  As you read you will learn about some key concepts such as budgeting, risk management & financial goal setting.  As always, if you have any questions, we are here for you!

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Fastest Rising Home Prices

This week we checked in with our friends over at the Visual Capitalist and wanted to share a graphic of the fastest rising home prices thus far in 2024. Although higher interest rates have impacted the mortage markets, home prices have remained very resilient. The graphic below charts out those areas across the United States that have seen the biggest gains. If you have any questions, do not hesitate to reach out! 

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U.S. GDP Growth

The U.S economy grew at a solid 3.4% annual pace from October through December.  This was an upward revision from the previous 3.2% that was forecasted. This marked the 6th straight quarter in which the economy has grown at an annual rate above 2%. As you read you will gain insights regarding the GDP report, as well as the Federal Reserve's favored measure of prices (Personal Consumption Expenditures). The economy's resilience over the past two years has repeatedly defied predictions, even when borrowing rates remain elevated.  As always if you have any 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. 

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.