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Weekly Wealth of Knowledge - Week of 7/3/23

July 05, 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 - Raising Financially Independent Children (3 min read)
  • Consumer Confidence Rising (2 min read)
  • Student Loan Forgiveness Ruling (3 min read)

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

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MONECO Insights - Raising Financially Independent Children

As we kick off the theme of "independence" all month long, the MONECO Insights team jumps right into this week with ways to help parents raise financially independent children. This will include starting them young to help build practical money management skills that can last a lifetime! As always, if we can assist in anyway, do not hesitate to reach out to the office.

Click to Read Full Article´╗┐

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Consumer Confidence Rising

As the second quarter came to an end last week, the markets finished the mid year point strong. The American consumer was one of the driving factors behind this as they continued to spend, despite the inflationary pressures that are still present throughout the economy. In addition, consumer confidence was reported reaching a 17-month high. 

Click Here to Read Full Article

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Student Loan Forgiveness Ruling

Last week the U.S. Supreme Court struck down the current administration's plan to forgive student loan debts. This decision will impact 26 million Americans that will now be forced to resume making payments. The question is, could this potentially have negative impacts that could ripple through the overall economy? Read below to find out. 

Click to Read Full Article´╗┐

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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!

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.

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