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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 Improves in November

The Spectrem Millionaire Investor Confidence Index (SMICI®) improved 2 points to 10, the second-highest reading in the past 10 months. 

| BY Donald Liebenson

Affluent investors seem to be giving thanks in November for a robust market. The Spectrem Affluent Investor Confidence Index (SAICI®), gained 5 points for a reading of 1, while the Spectrem Millionaire Investor Confidence Index (SMICI®) improved 2 points to 10, the second-highest reading in the past 10 months. 

The indices measure the investment confidence and outlook of households with more than $500,000 of investable assets and more than $1 million of investable assets, respectively. Both have improved dramatically in the past 12 months. The SAICI in November 2012 was -13, while the SMICI was at -6.

The performance of the market is inspiring Affluent investors to move off the sidelines and invest in equities, according to a monthly survey of Affluent investor preferences. Non-Millionaires, especially, indicated that would wade back in to the market. Those saying they would “Not Invest” in the coming month, fell to a four-month low.

For Affluent investors, the performance of the market seemed to trump less encouraging news stories that had implications for the economy and their portfolios, among them the lingering effects of the government shutdown and debt ceiling debate, continued gridlock in Congress, and, most recently, the “fumbled” (to quote President Barack Obama) launch of the Affordable Care Act website, which Affluent investors surveyed by Spectrem’s Millionaire Corner said is the current news story most impacting their economic outlook.

The robust market has also done wonders for the Spectrem Affluent Household Outlook, a monthly measure of Affluent investor confidence in four factors that impact their daily lives. The Outlook gained almost 13 points, regaining most of the ground it lost in October. Affluent investors were especially confident in the Economy and Household Assets.



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.