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Ed Meek
CEO/Investment Advisor

Edge Portfolio Management


State: IL

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 Investors Are Staying in the Bond Market

According to Spectrem research, few investors are selling off bonds.

| BY Kent McDill

Despite suggestions from many advisors and financial providers to do so, few investors are getting out of the bond market, according to Spectrem research.

A Spectrem survey of affluent investors revealed that less than 10 percent (9.8) of investors have chosen to move assets out of the bond market.

However, 22 percent of investors with a net worth of over $5 million not including primary residence have moved assets away from bonds, and 14 percent of investors with a net worth of $1 million to $5 million NIPR have done so.

Among those who have moved assets away from bonds, 46 percent did so on the suggestion of financial advisors. As much as 52 percent of investors with a net worth between $1 million and $5 million did so on the advice of advisors.

Twenty-nine percent of all investors said they got out of the bond market because of an increase in interest rates (42 percent of males did so because of interest rate increases). Twenty percent of investors got out of the bond market because of the anticipation that the Federal Reserve would soon stop buying bonds to boost the economy. That has not yet happened, and most financial observers believe that move was wise in light of the government shutdown.

Among those that sold bonds, 39 percent got rid of corporate bonds, 36 percent sold government bonds, and 30 percent sold municipal bonds. Eight percent reduced their bond portfolio by selling high yield or junk bonds.

Fifty percent of investors with a net worth of $1 million to $5 million NIPR sold corporate bonds.

A separate Spectrem study of wealthy investors based on income showed that 25 percent of investors plan to expand investment in fixed income products such as bonds in the next 12 months. That included 39 percent of investors with a net income between $500,000 and $750,000.

About the Author

Kent McDill

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.