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Weekly Wealth of Knowledge - Week of 4/22/24

April 23, 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 - Bright Financial Future (3 min read)
  • Team MONECO - Intern Send Off (2 min read)
  • U.S. Labor Market (3 min read)
  • BONUS: Annual Shredding Day and Sunset 5k Events!

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

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MONECO Insights - Bright Financial Future

In this weeks Insights blog, we discuss that learning lifelong financial concepts at a young age can only benefit you in the future. Just as we teach children the importance of manners, teaching financial literacy sets the stage for long term responsible financial behavior.  Not only does it empower independence, but it prepares you for the real world. By teaching children about topics such as banking, credit, and taxes, we prepare them well, with confidence and competence. As you read you will gain interesting and fun insights on how to engage kids to understand complicated topics. As always, if you have any questions, we are here for you!

Click to Read Full Article

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Team MONECO - Intern Send Off

We were so fortunate to have had the privilege of working with two outstanding Fairfield University students this past semester. During their time with MONECO they gained key transferable skills and developed a strong sense of how the industry works. We value the growth of our interns and enjoyed helping them achieve their goals during this experience. We are sad to see them go; but look forward to all they accomplish in the future! If you wish to learn more about our internship program, please click here!

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U.S. Labor Market

The number of new claims for unemployment benefits has been unchanged at a low level, pointing to continued labor market strength that is driving the economy. Due to this we could expect the Federal Reserve to delay cutting interest rates until September. As data on the labor market and inflation continued to surprise on the upside in the first three months of the year, the Fed is choosing to wait and see what may happen before they take action. 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.