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Asset Preservation Advisors


State: GA

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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Affluent Investor Confidence Nears Five-Year High

| BY Donald Liebenson

The Spectrem Affluent Investor Confidence Index (SAICI)SM surged 10 points to a neutral reading of 5, the highest level since July 2007. This is the seventh consecutive month that this index has posted gains, and has now regained the ground lost since February 2011. The Spectrem Millionaire Investor Confidence Index (SMICI)SM gained six points to a neutral 10, the highest reading in just over one year.

The rise in both indexes is a reflection of a strong market performance in the last few months, which has buoyed investor confidence despite continuing concern with other issues, such as the economy.

This month, it is Non-Millionaire households who were most engaged in the market. Investment in cash dropped while investment in stocks posted a double-digit gain. Even more encouraging was that fewer Non-Millionaires opted for the choice to “Not Invest.”

Millionaires, too decreased their investment in cash and upped their investment in stocks, but more Millionaires than last month chose to “Not Invest.”

The Affluent Household Outlook, a survey of attitudes in Millionaire and Non-Millionaire households toward financial factors that impact their daily lives, dipped slightly this month. The decline was precipitated largely by Non-Millionaire households, where confidence in Household Assets, the Economy, and Household Income suffered double-digit drops.

The Outlook is better in Millionaire households, where confidence in Household Assets reached its highest level in more than four years. The Millionaire Outlook did reach its highest level in a year, despite a drop in confidence in the Economy and Company Health.

The continued partisan divide in Washington is a continued concern for Affluent investors, who say that the political climate is the most serious threat to achieving their financial goals. 

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.