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Ed Meek
CEO/Investment Advisor

Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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Affluent Investor Confidence Drops for Second Consecutive Month

| BY Donald Liebenson

The Spectrem Affluent Investor Confidence Index (SMICI)SM dropped seven points to a neutral reading of -5, the second consecutive monthly decline. The Spectrem Millionaire Investor Confidence Index (SMICI)SM dropped five points to a neutral reading of 3, the lowest reading in four months.

The declines are reflected in Affluent investors’ investment preferences in May. There was an increase of those who invested in cash, while more Millionaire and Non-Millionaire households than last month opted to “Not Invest.” While Millionaire investment in stocks did rise in May, it was not enough to compensate for declines in other investment options.

The Affluent Household Outlook, a survey of attitudes toward financial factors that impact their daily lives, dropped dramatically after five consecutive months of gains. Though each of the four components remained in positive territory overall, each posted losses over the previous month.

Millionaire and Non-Millionaire households expressed a decline in confidence in household income, household assets, company health, and the economy. The Millionaire Outlook was more positive than in Non-Millionaire households, which posted a reading that was almost 20 points less.

We asked Affluent investors this month which news story is having the most impact on their economic outlook. International problems, particularly the ongoing European Union economic crisis, and its impact on the global economy, topped the list, followed by unemployment and the political environment.

About the Author

Donald Liebenson

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.