The fast-changing world of finance is much different than it was 20 years ago. In fact, many in the industry will readily attest that the industry today bears little resemblance to the one that existed just five years ago. For the players in the game, the ability to understand industry patterns and trends is crucial to success.
The increased change in the industry is a double-edged sword as it provides many opportunities for success while also exposing investors to new risks that could possibly prove harmful.
As per brightscope.com, there is much optimism at this time in the industry as the data indicates improved metrics that should fuel overall market growth throughout 2018 and beyond. The stock market performed well in 2017 and it was the first time in history that a positive return was achieved every month of the year. The industry is hopeful that the market will continue to perform in a similar fashion.
According blogwebpedia.com, the policies of the Central Bank have also served to mitigate risk involved with the financial sector at this time as 2017 saw the Federal Reserve make increases to interest rates a total of three times. All indicators are that the economic climate is likely to precipitate a similar action in 2018.
However, after a low volatility year in 2017, 2081 has proven to be quite volatile. The year has seen 400-point market swings and is set to become the highest year for market volatility since 2008.
HCR Wealth Advisors is an advisory firm based in Los Angeles, California that tries to take the guesswork out of investing. The firm works with clients to gain a full understanding of their current financial position and develops an individual plan that will carefully guide them in the direction of their financial goals. The team at HCR Wealth Advisors brings a wealth of experience to the table and develops specialized investment strategies for the benefit of each of its clients.
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