HCR Wealth Advisors is an investment advisory firm based out of Southern California. The firm is taking a new approach to their advisory services by living out their mission of being client focused. Many other firms in the industry may state that this is what they do but their actions may say otherwise. One way HCR Wealth Advisors exemplifies this claim is by receiving compensation through fees calculated based on assets under management. Some competitors in the investment advisory industry often receive payment by selling financial products to their clients. This practice can result in transactions that may not be in clients’ best interests or consistent with their financial goals.
Another key differentiator is that HCR Wealth Advisors advocates transparency. There are no hidden agendas or product pushing going on behind the scenes. Ultimately, what a client sees is what they get. There is no “gotcha” contracts. The advisors are transparent in their business practices which can also separate them from their competitors and back up their claim of putting clients’ best interests first. This is a approach that not all firms in the industry practice.
HCR Wealth Advisors is simply that: they advise. They are not performance-based money managers. The firm helps clients with the responsibility of managing their own money, but HCR Wealth Advisors is really there to advise in the decision making process to help guide their clients towards their financial goals. And not simply benefit at the expense of their clients whether they succeed or not, like some in the industry may do. HCR Wealth Advisors educates its clients throughout the entire process to help clients reach their goals further in life. They create an environment where clients are the focus, not the company’s financial benefit. HCR Wealth Advisors takes a broad approach to the financial planning, encompassing the entire process to the best of their abilities.
The organization has a specific 7 step strategy to help create a unique financial plan for each client. The client-focused approach is evident in the work HCR Wealth Advisors does.
HCR Wealth Advisors is not affiliated with this website.
Most people often hear about inflation but do not really understand what it is and how it affects their daily lives. Inflation is a significant economic indicator and it helps you to understand how the prices of commodities are changing as well as know what direction the country is headed to economically. The inflation rate of the U.S is currently at 2.1% which is not very good compared to last year. It is therefore important to understand the rate of inflation and how it affects you and the people around you.
First and foremost inflation is defined as the increase in the price of goods and services in an economy within a specific period of time. One of the best ways used to determine the rate of inflation is through Consumer Price Index (CPI). This is where the prices of basic commodities such as sugar, gasoline, and movie tickets are tracked over a certain period of time and a report generated out of that. If for example, the report indicates that the CPI is 4% it implies that on average the price of goods and services has gone higher by 4% compared to the previous year.
Inflation can be seen almost everywhere in our daily lives. For example around January 2017 one pound of chicken on average cost $1.42. Later on January the following year, the same chicken was being sold at $1.51. That is an increase of about 6.3%. However, such an increase does not mean that the inflation rate increased by 6.3 percent because the chicken is just a part of the equation.
How inflation affects consumers
An increase in the rate of inflation affects you in various ways. First of all, inflation weakens your purchasing power. When the rate of inflation is high, the standard of living generally goes down as a result of the increase in the price of most commodities. Inflation also increases interest rates charged by banks.
How to shield yourself from high inflation
There are several measures you can take to protect yourself from high inflation. They include diversifying from the dollar and purchasing physical gold.
The Oxford Club is a team of investors that benefit from the guidance of the club’s tips and advice. The Bitcoin craze one part of that investment strategy. You must have heard about bitcoins, but might not be aware of the Oxford Club. Here’s a look at how the club can help with the integration of Bitcoin investments for your wealth portfolio.
Buying Bitcoins can add an important variable to your investments. Wealth can increase rapidly with this option added. You probably have a few questions about the process and wonder if your money is safe. Like any variable in investments, your bitcoin purchases are considered a risk. They also pay some of the highest dividends as well. Most wealth managers will advise adding this to your portfolio along with other investments.
The Oxford Club can help immensely with all of that knowledge. Membership allows you to enjoy the social platform and get solid advice on investments today for your retirement. You can get the newsletter updated on all of the latest investments to help you grow your wealth.
Always remember that the inclusion of bitcoins is just a small percentage of your investment. Nobody should put all of their investments anywhere. Diversification is what the Oxford Club recommends for any investor. This is very important for those that are just beginning to invest. Think of a pyramid. The highest risk investments are always at the top in a small percentage.
While the Oxford Club is available for investors and offers social and investment guides in a community of sharing, there are many such groups available today. Participation in any investment group will bring wealth and better protection of your asset portfolio. It’s important to realize that loss will happen from time to time when using high-risk investments like bitcoin.