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Asset Preservation Advisors




City:Atlanta

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APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Spectrem Affluent Investor Confidence Index Rises to 7-Year High in May

The May Affluent Investor Confidence Index is at 9, up 7 points from the same period last year, while the Millionaire Investor Confidence Index is up 9 points from May 2013.

| BY Donald Liebenson


As it has done since the first of the year, the Spectrem Affluent Investor Confidence Index (SAICI®) continued to see-saw one month to the next: up 8 points in January, down 9 in February, up 9 in March, then down 4 in April. In May, it surged upward again to 9, a gain of six points and the highest reading in seven years.

The Spectrem Millionaire Investor Confidence Index (SMICI®) rose 3 points in April to 14, its third consecutive monthly gain.

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. The May Affluent Investor Confidence Index is at 9, up 7 points from the same period last year, while the Millionaire Investor Confidence Index is up 9 points from May 2013.

The volatility of the SAICI reflects a more wary investor outlook of non-Millionaires, who are generally more cautious than Millionaires. But in May, their spirits were buoyed in part by the warm weather and improved government reports. The April jobs report, released in early May, for example, found that American employers added a better than expected 288,000 jobs.

When asked how they intend to invest in the coming month, fewer non-Millionaires than in the previous month said they intended to hold on the sidelines while more said they planned to invest in equities. Their Millionaire counterparts, though, expressed more reticence toward investing. “Not investing” gained 5.2 points to 31.6, a three month high.

The surge in the Spectrem group indices is further reflected in the Spectrem Affluent Household Outlook, a monthly measure of Affluent investor confidence in four financial factors that impact their daily lives.  The Outlook rose to its highest level since June 2007, again fueled by a renewed confidence in non-Millionaire households.

When asked what news story is most affecting their economic outlook, Affluent households surveyed by Spectrem’s Millionaire Corner said they are more focused on international events rather than domestic issues such as the stock market and the political environment.

Related story: Millionaires Replace non-Millionaires on the sidelines



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.