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Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

State: IL



BIOGRAPHY:
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 Investment Trends: What's Ahead?

The Millionaire Corner survey provides a snapshot of the more upbeat investment mindset with which these investors began the New Year.

| BY Donald Liebenson

Timing is everything. Affluent investors, when surveyed by Spectrem’s Millionaire Corner about how they plan to invest in the coming month, indicated their intention to move off the sidelines and re-engage with the market. And then the market reared its volatile head, most recently posting its worst week since 2011 in the face of lackluster corporate earnings, concerns about an economic slowdown China and anticipation of what actions the Federal Reserve will take this week regarding its stimulus program.

On Monday, U.S. stocks fell for the fifth consecutive day, but on Tuesday, both the Dow and the S&P 500 showed modest gains, while Nasdaq was flat. All three indicies are down slightly for January thus far.

The Millionaire Corner survey provides a snapshot of the more upbeat investment mindset with which these investors began the New Year. When asked how they would invest in the coming month, Affluent investors most cited Stock Mutual Funds as the investment vehicle of choice. It gained 15 points from the previous month, 43.17, a three-year high. Stocks gained 12 points to 35.10, a four-month high. “Not invest,” an intention to remain on the sidelines, dropped 18 points to 31, a four-month low.

Cash investments gained five points to 23.17, another four-month high, while Bond Mutual Funds gained seven points to 16.76, a six-month high. Intention to invest in Real Estate (8.28 points) and Bonds (4.71) was basically unchanged from December.

Millionaire Corner’s monthly survey further breaks down Affluent investment preferences by Millionaire and Non-Millionaire Households. Millionaires again indicated significantly more engagement in the market than their Non-Millionaire counterparts. “Not invest” fell 17.4 points among Millionaires to 22.7, a four-month low. “Not invest” among Non-Millionaires was higher, 39.8 points, but this, too, was a more than 17-point decrease from the previous month and a seven-month low.

Both Millionaires and Non-Millionaires indicated that Stock Mutual Funds and Stocks would be the investment vehicles of choice in the coming month. Among Millionaires, Stock Mutual Funds gained nearly 16 points to 50.1, while Stocks jump 14.6 points to 43.4, both four-month highs.

Cash gained 3.3 points to 26.5 points, a three month high, while Bond Mutual Funds gained 3 points to 14.5. Real Estate (12 points) and Bonds (7 points) were essentially unchanged from December.

Among Non-Millionaires, Cash gained 5.7 points to 19.7, while Bond Mutual Funds jumped 10.5 points to 19.1, a 14-month high. Real Estate ticked upward 1.3 points to 4.4, and Bonds were flat at 2.3 points.

 

 

 



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.