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Weekly Wealth of Knowledge - Week of 4/29/24

April 30, 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! May is here and it is Eldercare month at MONECO Advisors. All month long we will be providing content on surrounding some of the unique financial challenges facing our seniors today. Whether you are in your golden years or assisting someone who is, We are hopeful to help bring you new and interesting insights on the topic. 

In this issue:

  • MONECO Insights - Eldercare Needs (3 min read)
  • Team MONECO - Little League (2 min read)
  • GDP Data Comes In Light (3 min read)
  • BONUS: Annual Shredding Day and Sunset 5k Events!

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MONECO Insights - Eldercare Needs

Understanding eldercare needs is essential for addressing the diverse challenges and opportunities associated with an aging population. Advances in healthcare, improved living conditions, and declining birth rates have contributed to the world experiencing a significant demographic shift. There is a wide variety of needs that are associated with the elderly and the special care they now need; this is where family caregivers play a vital role. As you read you will gain insight into other challenges and how you can help. As always, if you have any questions, we are here for you!

Click to Read Full Article

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Team MONECO - Little League

The MONECO Advisors Cubs are a proud Trumbull Connecticut little league team. One of our Advisors, Salim Boutagy, is a coach on the team. His son, also a proud member of the team, has been aspiring over the past three season to be like the former little leaguer Chris Drury who won the 1989 Little League world series and went on to play hockey in the NHL! MONECO Advisors are proud sponsors and alway strive to foster the growth of the relations within the communities that we live and work.

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GDP Data Comes In Light

The U.S. Economy grew at its slowest pace in nearly two years last quarter. Economists pointed out that a large reason for this was weaker data in trade and exports. This, however, hasn't worried the FED just yet, since there has been continued underlying strength in the overall economy. As you read you will learn more about the Personal Consumption Expenditures Index and its changes, as well as percentages of growth during this time frame. 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.