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Weekly Wealth of Knowledge - Week of 4/24/23

April 25, 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.  April is  "financial literacy" month at MONECO. All month long we will be providing you content on the importance of spending, savings, budgeting and investing and how you can empower yourself and family members to better understand financial strategies and topics.

In this issue:

       •  Team MONECO - Welcome Dee Schmitt! (2 min read)
       •  Ease Your Kids Into Estate Planning (3 min read)
       •  Searching For A Goldilocks Moment (2 min read)

BONUS:Fairfield Police Sunset 5k - Presented by MONECO Advisors

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Team MONECO - Welcome Dee Schmitt!

We are thrilled to welcome Dee Schmitt who recently joined our growing team as a Client Service Manager. Meet Dee below:

Dee previously worked with a wealth advisory practice  affiliated with Ameriprise Financial for 12 years. Her strengths are a strong work ethic, making the clients a priority and getting the job done. Her heart and soul are her two adult daughters. Spending time with her girls is so important. Dee enjoys cooking, gardening, photography and videography. She enjoys spending time with family and friends. As a native New Yorker, she enjoys the plethora of activities New York has to offer, especially a visit to NYC to see a Broadway show, live music and museums. Relocating to Connecticut offers new experiences and she now has discovered a love for New Haven thin crust pizza!

Get to Know Dee...

Favorite part about working at Moneco: Everyone’s willingness to step up and help each other

Favorite thing to do outside of work: Spending time with friends, friends and preparing and sharing a meal and glass of wine

What I enjoy most about what I do: Assisting clients and co-workers and the true teamwork that comes with it 

Biggest challenge: Learning and executing on all the new processes associated with my job, in order to become more proficient


Quotation: “Do the best you can until you know better. Then when you know better, do better” -Maya Angelou

Vacation: Cape Cod

TV Show: Ted Lasso

Music: Rock, Alternative, Jazz, R&B

Sports Team: College Hoops, NY Mets


Ease Your Kids Into Estate Planning

As we close out the theme of "financial literacy" month for April at MONECO, this week we look at  ways you can even get your young kids learning about estate planning and the benefits of doing so., not only for them, but you as well. As always, if we can help out in any way, do not hesitate to reach out!

Click to Read Full Article


Searching For A Goldilocks Moment

In this day & age of 24 hour news cycle around the globe, it is very possible that just one headline or report can move financial markets. Certain economic reports can often be the culprit as they are dissected over and over again by analysts that differ on the impact they could have. April is one of the busiest months for these reports. Read below to find out what you need to know to stay focused on your long-term financial goals.

If you're an investor looking for something to worry about, you never have to go more than a few days on Wall Street.

As you can see from the accompanying chart, 11 economic reports are scheduled for release during 19 trading days in April. Some have already moved the markets. Others likely will in the days ahead. And keep in mind this list doesn't include any speeches by Federal Reserve officials, rumblings from Washington, or the occasion "shock headline" from a market pundit.

Watching the news cycle isn't healthy for your portfolio. Some good news here and some bad news there, and you might start to rethink a well constructed investment strategy. You may find yourself always searching for that "Goldilocks Moment" when investment conditions are just right.

We monitor economic reports to see if any longer-term trends are emerging. We also look to see if the information in one report compliments, or contradicts, another report. According to the World Bank, the United States has a $23 trillion economy, so it's bound to give mixed signals from time to time.

If you happen to see an economic report that is confusing, please reach out to the office and we will do our best to help put the report in perspective


Fairfield Police Sunset 5k - Presented by MONECO Advisors

The 5th Annual Fairfield Police Sunset 5K is Presented by MONECO Advisors and will be held again this year on July 19th at 6:30P.M. 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.

Register Today!

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.

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.

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.