Broker Check

Weekly Wealth of Knowledge - Week of 5/13/24

May 14, 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 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 confident that you will find the information helpful.

In this issue:

  • MONECO Insights - A Guide For Seniors (3 min read)
  • Team MONECO - Operation Hope (2 min read)
  • U.S. Weekly Jobless Claims (3 min read)
  • BONUS: Annual Shredding Day and Sunset 5k Events!

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MONECO Insights - A Guide For Seniors

Planning for your future and understanding the key components of  legal & estate planning is a vital step to take for yourself. Legal and estate planning involves making arrangements for the management and distribution of your assets and affairs in the event of incapacity or death. For seniors, effective planning becomes more crucial as the timeline to become prepared is shortened. As you read you will learn about some key components such as wills, trusts, financial power of attorney, and estate tax planning.  As always, if you have any questions, we are here for you! 

Click to Read Full Article

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Team MONECO - Operation Hope

At MONECO Advisors we are constantly striving to give back to the communities that we are fortunate enough to live and work in. Last week some of the team attended the 21st Annual Evening of Hope “An Evening in Paris” to support and celebrate the community. Operation Hope is a nonprofit organization located in Fairfield, that provides individuals and families the opportunity to experience transformative change. MONECO donated by purchasing a table & participating in their silent auction, all to celebrate the Champion of Hope, Debbi O’Keefe. Debbi has been a vital member of the community and is founder of Connect Fairfield. The team enjoyed a nice dinner and engaging conversations with other town members and supporters. We can't wait to do it again next year!

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U.S. Jobless Claims

Unemployment claims for the week ending May 4th rose by 22,000 from 209,000 to 231,000. This marked the highest level in 8 months and could be a sign that the red hot labor market could be loosening. The Federal Reserve has been watching this one data point to determine its next policy move on interest rates, when it meets again in June. If you have any questions, do not hesitate to reach out

Click to Read Full Article

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Shredding Day & Veterans Clothing Drive

We will be holding our Annual Shredding Day on Saturday, 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.

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. 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. Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. All index data from FactSet. The Standard & Poor’s 500 Index (S&P500) is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.