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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 Reaches a Near Twelve-Month High

Markets improve investor confidence

| BY Donald Liebenson

The Spectrem Affluent Investor Confidence Index (SAICI®), which measures the investment confidence and outlook of households with $500,000 or more in investable assets, gained seven points in March, an 11-month high. The Spectrem Millionaire Investor Confidence Index (SMICI®) gained two points to 3, the third consecutive month the Index has posted a positive reading.

What a difference a stock market rally makes. A total of 300,000 have joined the Millionaire club over the course of the current multi-year stock market rally, according to the Affluent Market Insights 2013 report from Spectrem’s Millionaire Corner.

The Dow Jones reached record highs in March. This development is reflected in our monthly survey of Affluent investor preferences, which indicates a rekindled investor confidence. The level of Affluent investors who indicated they were going to remain on the sidelines dropped to a four-month low, while equity investments alone reached five-month highs.

Investor confidence is further reflected in the Spectrem Affluent Household Outlook, which  jumped nearly 10 points in March, another five-month high. The Outlook, our monthly survey of attitudes toward financial factors impacting their daily lives, reveals an appreciable increase in confidence in Non-Millionaire households, particularly regarding household assets and the economy.

The positive economic news in March was dampened somewhat by continued D.C. dysfunction and gridlock. When asked what they consider to be the most serious threat to achieving their financial goals at this time, Affluent investors—and particularly Millionaires—cited the political climate, which remained stormy in March as lawmakers and the White House failed to reach a bipartisan agreement that would have averted sequestration—the mandated, across-the-board spending cuts—from taking effect at the beginning of the month.


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.