HCR Wealth Advisors develops relationships with clients through education and transparency. The wealth advisory firm is based out of Los Angeles, California, and has throngs of loyal customers. Many of their investors have been with them for more than a decade and HCR Wealth Advisors wants to retain these clients for generations.
That should give you an idea of their long-term investment strategies. They wanted to keep their customers happy for generations which requires sound personalized investment plans. The team at HCR Wealth Advisors gets to know their clients on an individual level which allows them to understand personalized goals. These personalized goals shape each personalized investment strategy. And the investment firm is now saying that these personalized strategies are important for 2018.
It was hard to mess up an investment last year. The stock market stayed incredibly steady throughout 2017 and the S&P 500 enjoyed an annual return of over 20%. And it goes even further. For the first time in the history of the stock market, each month of the year showed a positive return. The economy stayed steady throughout 2017 and that was reflected in the stock market. Many could have simply tossed money into the S&P 500 and watched it grow.
But 2018 has shown more volatile swings. The market has already swung more than 400 points in each direction which has made and lost vast amounts of wealth. That’s why 2018 is shaping up to be the year to examine personalized investment strategies.
Personalized strategies can take into account dips in the stock market. There are certain financial tools that can be leveraged in order to make a profit off of a stock market downturn. This can be done in conjunction with shielding against liability in order to get better returns even in a down market.
HCR Wealth Advisors says it can be difficult to navigate the stock market because of the abundance of information. Information is readily available about every facet of the financial markets and it can overwhelm some investors. It is critical to know which pieces of information are actionable in order to strike as quickly as possible. Investors with this skill can make more money.
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