2017 was one of the least volatile years in recent memory, with the largest stock market pullback being a mere -3%. However, according to HCR Wealth Advisors, a registered investment advisory (RIA) firm, 2018 likely will not be as stable. Volatility may stem from a sharp rise in bond yields, a geopolitical event, a policy shift in China or another unforeseen event.
Nevertheless, HCR Wealth Advisors is not worried about another downturn. In fact, the firm believes that 2018 will be another strong year for both the US and Global economy. In the United States specifically, both consumer confidence and home sales have reached new highs for the decade. Furthermore, HCR Wealth Advisors thinks that “synchronized global recovery” will take effect because of extremely growth friendly central banks throughout the world. Because of this, HCR Wealth Advisors expects the Federal Reserve to consistently raise rates in 2018 as well as 2019 so long as the economy remains stable.
HCR Wealth Advisors manages over $1 billion for clients and cultivates independent thought among its advisors to allow for the creation of personalized financial strategies for clients. HCR Wealth Advisors’ mission is “to establish life-long relationships with our clients through education, trust, communication, and, most of all, service.”
Additionally, HCR Wealth Advisors see a potential spike in bond yields. In the past few years, bond yields have remained relatively subdued because of low inflationary pressures. However, bond yields are now approaching highs of 2.60% which has not been seen since the aftermath of the 2016 election. Meanwhile, the stock market has generated solid but not stellar returns in this timeframe. Still, HCR Wealth Advisors believes that the stock market has room to grow in the coming years because of strong earnings growth. In 2017, earnings within the S&P 500 grew by 18% and earnings are projected to grow another 17% in 2018. This aging bull market will likely increasingly attract wary investors sitting on the sidelines to equity funds according to @HCRwealth.
HCR Wealth Advisors is not affiliated with this website.
Glen Wakeman graduated from Scranton University where he achieved Bachelor degree in Finance and BS in Economics. In Glen’s career he has held different positions for instance; CEO, president, director and even founder of various organizations like Nova Four and Launchpad Holdings. He is well known for his five confirmed procedure; aiming at risks, organizing, social capital, management capital and implementation in business. He is a prosperous writer and sponsor which has enabled him to motivate others. His experience in the marketing sector, working in more than 20 countries and more than 32 organizations, has encouraged other businesspersons and experts to undertake business.
Glen Wakeman claims that planning is significant. People usually fail in business because of their poor organization in spite of their noble ideas. People fail to understand the differences between organizations and plans. This made him look forward and started a software the Launchpad Holdings. He was also motivated by his interests to get answers to the problems affecting his clients. Having worked in various countries, he understands the issues that clients face it the field of business and their environments. In case he proceeds at this rate, Glen will be in the capacity to change the fate of the company.
In business, Glen Wakeman says that one should not expect to make a quick income at the beginning. It is progressive but always ensures that the target of the business is achieved. He says that his inquisitiveness helped him to succeed in business (Premiergazette). This attribute made him continue in spite of challenges, pioneering and also the strive to satisfy the needs of his clients. Being a writer attracted many clients to check on his products. Glen anticipates on keeping all friends and their records because they are the nearest clients to support an individual both in business.
Demand excellence and one can acquire it is Glen motto. This code helps him achieve his goals. The most crucial thing in business is understanding the challenges that are involved as this helps improve the quality and the rate of decision making in the industry. He advocated on teamwork.