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Weekly Wealth of Knowledge - Week of 4/15/24

April 17, 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 Myths (3 min read)
  • Team MONECO - Eclipse 2024 (2 min read)
  • March CPI Comes In Hot (3 min read)
  • BONUS: Annual Shredding Day and Sunset 5k Events!

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MONECO Insights - Financial Myths

In this weeks Insights blog, we are reviewing some common financial myths that may deter those from pursuing their goals. First and foremost, you do not need a high income to build wealth. It is common to think you need to earn more to save more. Although there may be some truth to that statement, that doesn't mean it isn't manageable. Even small contributions to savings or investment accounts can compound over the years and grow into substantial assets. Read more below to see how you can get on track and don't hesitate to reach out with any questions.

Click to Read Full Article

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Team MONECO - Eclipse 2024

A day to remember - Our MONECO team took the once in a lifetime opportunity to enjoy the eclipse from right outside the office. We took turns wearing the few glasses we had, and admiring the moon stealing the show. We value the memories made as a team and are even more grateful we are able to share them with our clients.  

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March CPI Comes In Hot

The March Consumer Price Index (CPI) report came in hotter than expected, with core CPI rising 3.8% compared to the 3.7% forecasted. As you read, you will learn about the breakdown across the different key sectors, food, energy, and shelter costs. On the food front, inflation saw a moderate 0.1% uptick in March, coming in line with annual forecasts by rising 2.2% year over year. As always if you have any questions, we are here for you!

Click to Read Full Article

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 Shredding Day & Veterans Clothing Drive

We will be holding our Annual Shredding Day on June 15th. Come see all of your personally identifiable information get shredded right before your very eyes. In addition, we will also be partnering with Save A Suit (https://www.saveasuit.org/), a local charity based organization that collects professional attire for veterans who are transitioning back into the workforce. Feel free to register below, so we can ensure we have enough coffee and donuts or just show up!

Every ton of recycled paper saves 17 trees, so feel free to invite your friends and loved ones along!

Click to Register Today!

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6th Annual Fairfield Police Sunset 5k - Presented by MONECO Advisors

The 6th Annual Fairfield Police Sunset 5K - Presented by MONECO Advisors is set for July 17th. All proceeds will be donated to the Fairfield Police Union Scholarship Fund & the Fairfield Police Foundation. You can run (3.1 mile) or walk (1 mile) course. We were able to increase the number of participants to 1000 this year and do expect to sell out, so don't delay, sign up today for Fairfield's most memorable night of the summer! Sponsorship opportunities available via the registration link as well.

Click to Register Today!

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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.