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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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Affluent Investors Reconsider Investment Options Amid Market Rebound

Non-Millionaires, while reporting they plan to be more invested in the market in the coming month, do indicate more caution in their investing plans than their Millionaire counterparts.

| BY Donald Liebenson

When asked how they intend to invest in the coming month, Affluent investors, buoyed by recent upturns in the stock market, indicated a willingness to reconsider their investment options and move off the sidelines.

Affluent investor response to Spectrem Group’s monthly investment options survey found a sharp drop in those who indicated they would hold off from investing in the short-term. This response dropped 9.23 points to 33.09. Affluent investors have see-sawed over invest/not invest since last December, when Congress ultimately struck a rare bipartisan budget deal. Market volatility in the first months of the New Year has tempered confidence in the economy.

Stock Mutual Funds, Affluent investors’ investment option of choice, gained 7.12 points to 38.41. Stocks gained 4.3 points to 32.10. Conversely, intention to invest in Cash was basically unchanged from February at 20.07, a tick downward of .11 of a percentage point.

Bond Mutual Funds posted the largest month-to-month gain, 7.39 points to 19.27, the highest reading since November 2012. Real Estate gained 5.16 points to 9.04, a four-month high, while Bonds edged upward 2.16 points to 9.41.

Spectrem Group breaks down Affluent investment option preferences by Millionaire and Non-Millionaire Households. Non-Millionaires, while reporting they planned to be more invested in the market in the coming month, do indicate more caution in their investing plans than their Millionaire counterparts. While intent to invest in Stock Mutual Funds gained 12.5 points to 37.9, a 10-month high, Stocks dipped 2.6 points to 23.7. Further indication of a more cautious investment mindset is seen in the slight gain in Cash, 0.7 of a percentage point, to 17.4. Bond Mutual Funds jumped 8.4 points to 17.4.

Non-Millionaires who indicated they would not invest in the short term dropped 13.4 points to 35.9, a nine-month low. But more non-Millionaires expressed this investment strategy than did Millionaires. “Not invest” among Millionaires dropped five points to 30.7. For the first time in seven months, there was more indication among Millionaires they would invest in Stocks than Stock Mutual Funds. The former gained 10 points to 39.1, while the latter edged upward 1.9 points to 38.8.

There was a retreat among Millionaire investors from Cash (a dip of 1.2 points to 22.3, a one-year Bond Mutual Funds gained 6.3 points to 20.9, while Real Estate increased 6.1 points to 13.3, a four-month high. Bonds gained 3.2 points to 13, a six-month high.

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.