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Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

State: IL



BIOGRAPHY:
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 Holds at 12-Month High for Third Consecutive Month

The Spectrem Millionaire Investor Confidence Index (SMICI®) gained 2 points to 7.

| BY Donald Liebenson

The Spectrem Affluent Investor Confidence Index (SAICI®) was unchanged in June at 2. That reading, reached in April, was a 12-month high for the Index. The Spectrem Millionaire Investor Confidence Index (SMICI®) gained 2 points to 7.

The indices measure the investment confidence and outlook of households with more than $500,000 of investables and more than $1 million of investables, respectively.

One of the indicators of the Index is a monthly survey conducted by Spectrem's Millionaire Corner of Affluent investors on their investment preferences. Millionaire and Non-Millionaire investors in June reported a significant increase in safer cash investments, but there was also an increase over the previous month in stocks and stock mutual funds. This may be a reflection of investor uncertainty not seen since last December and the impasse over the fiscal cliff.

In May, Federal Reserve Chairman Ben Bernanke, testifying before the Joint Economic Committee in Congress that the Fed would consider tapering its bond-buying program if the economy, and in particular the job market, was showing signs of improvement, which caused volatile movement in the Dow Jones industrial average. This survey was taken before the worst market sell-off of 2013 in the wake of Bernanke’s suggestions following the Federal Open Market meeting in June that the central bank could start to slow its monthly bond purchases as early as later this year. 

This wariness and caution was further reflected in the monthly Affluent Household Outlook, which dropped in June following three consecutive monthly gains.  But despite the setbacks, June was the second consecutive month that the Outlook, a monthly survey of Affluent attitudes toward four financial factors that impact their daily lives, posted positive readings in all of its components. 

 



 



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

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.