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Weekly Wealth of Knowledge - Week of 7/17/23

July 18, 2023

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!  As we usher in July, we kick off the theme of "independence." Our content all month long will be highlighting all of the benefits of working with an independent financial services firm like MONECO and ways to pursue financial stability.

In this issue:

  • MONECO Insights - Passive Income and Financial Independence (3 min read)
  • Partner Spotlight - Colleen Galushko (2 min read)
  • Mid Year Outlook - The Path Toward Stability (Presentation)

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

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MONECO Insights - Passive Income and Financial Independence

As we continue with the theme of "independence" all month long, the MONECO Insights team this week looks at passive income and how it can relate to financial stability. We will explore the concept, its benefits, and how it can contribute to pursuing financial independence. As always, if you have any questions, do not hesitate to reach out!

Click to Read Full Article´╗┐

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Partner Spotlight - Colleen Galushko

At MONECO, we do our best to constantly be striving to give back to the communities we are so fortunate to work in. This week, we highlight the work that Financial Planner & Partner, Colleen  Galushko contributes to the the Wallingford Symphony Orchestra (WSO). The WSO is a not-for-profit organization dedicated to providing professional quality orchestral music to the greater Wallingford area through public performances and community outreach; to enabling musicians to enhance their musical abilities and awareness; to fostering an appreciation for music in the community's youth; and to being an integral and active member in the cultural life of the community. 

Colleen is the president of the board and every year the WSO has a Free July Summer Pops Concert which is performed outside at the chapel of Choate Rosemary Hall.  This year it unfortunately had to be moved indoors to the Ann & George Colony Hall at Choate due to the threat of thunderstorms. It is always a family event as Colleen’s twin daughters help out (pictured below).  Another family that attended is a client of Colleen’s - (also pictured below) with her daughter. Way to go Colleen!      

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Mid Year Outlook -The Path Toward Stability

PL Research last week posted its mid year outlook - The Path Toward Stability. Considering 2022’s market volatility and the after effects of the pandemic, the idea of finding balance was certainly a welcomed change. It’s a theme we could all embrace six months ago and what we will continue to rally around through year-end. Read below to get their thoughts and opinions. If you have any questions, we are here for you.

´╗┐Click to Learn More

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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!

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.

All data is provided as of July 3, 2023.

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. LPL Financial doesn’t provide research on individual equities.

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.

This Research material was prepared by LPL Financial, LLC. All information is believed to be from reliable sources; however LPL Financial makes no representation as to its completeness or accuracy.

Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

Past performance does not guarantee future results.

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For a list of descriptions of the indexes and economic terms referenced, please visit our website at lplresearch.com/definitions.

Moneco Advisors, LLC and LPL Financial are not affiliated with any other referenced entity.

Past performance does not guarantee future results.

Asset allocation does not ensure a profit or protect against a loss.

For a list of descriptions of the indexes and economic terms referenced, please visit our website at lplresearch.com/definitions.

Moneco Advisors, LLC and LPL Financial are not affiliated with any other referenced entity.