This August, our focus is on “Money” where we offer insights and resources supporting a path towards effectively balancing and achieving your financial goals and milestones.

In this issue:

Moneco Insights Blog – Investing Basics (3 min read)
Celebrating A Decade (1 min read)
Rollercoaster August (5 min read)

If you enjoy our Weekly Wealth of Knowledge, don’t forget to visit us on Facebook, Linkedin, and X for more resources and updates.

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Moneco Insights – Investing Basics

Investing might seem overwhelming at first, but understanding the basics at any age can simplify the process and set you on a path to financial success. Our Insights blog this week covers essential concepts, such as the different types of investments—stocks, bonds, mutual funds, and more—as well as the importance of diversification.

By aligning your investments with your financial goals and time horizon, and maintaining a well-thought-out and foundational financial plan, you can make informed decisions and have the potential to build long-term wealth.

Click to Read Full Article

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Celebrating A Decade

Dana Preis ChFC®, RICP®, LUTCF® and Financial Advisor at Moneco is celebrating ten years with our team this August.

Dana has focused on the financial planning and insurance needs of his clients since 1999, specializing in comprehensive financial planning for business owners, families with children, and retirees.

He has in-depth experience in retirement strategies, college planning, and insurance including life, disability, and long term care. He graduated from the University of Connecticut in 1993 and holds his Retirement Income Certified Professional® designation through the American College of Financial Services.

Dana also volunteers for Food Rescue US and serves on the board of the Congregation for Humanistic Judaism of Fairfield County.

Dana’s favorite part about working with Moneco: “From fellow advisors to the operational team members who help us run smoothly, I could not ask for a more dedicated group than Moneco.”

Click to Read Full Article

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Rollercoaster August?

S&P 500 Is Set to Close Out Its Best Week of 2024: Markets Wrap August 16, 2024 (Bloomberg)

The stock market was back on track last week for its best week yet in 2024 as traders assessed the latest economic data for clues on the outlook for Federal Reserve policy.

The S&P 500 edged up mildly last Friday, but was still set at the end of last week (at publication time) for its seventh straight day of gains.

In our work as fiduciary financial planners, with 13 CFPs working across the advisory teams at Moneco, we remain dedicated to creating foundational plans designed to best help navigate these market indicator ups, downs and turnarounds.

If you have any questions on your financial plan, please reach out to your advisor. Click below on Learn More to access the article.

Click to Read Full Article

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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.}