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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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As Goes D.C. Dysfunction, So Go Affluent Investment Plans

Affluent investors indicate they are keeping an increasingly watchful eye on the economic environment and the political climate and how gridlock is impacting the economy.

| BY Donald Liebenson

When asked which one factor is most affecting their current investment plans, the highest percentage of Affluent investors surveyed by Spectrem’s Millionaire Corner (18 percent) answered, “Stock Market Conditions.” This is a significant drop from July when 37 percent responded similarly.

Concerns that the 16-day government shutdown and stalemate over the debt ceiling debate would roil the markets did not come to fruition, but Affluent investors indicated they are keeping an increasingly watchful eye on the Economic Environment and the Political Climate and how the gridlock is impacting the economy. A recent report by the Council of Economic Advisors (CEA) examined eight different daily or weekly economic indicators to assess the impact of the shutdown and debt ceiling imbroglio. The findings were consistent with a 0.25 percentage point reduction in the annualized DP growth rate in the fourth quarter and a reduction of about 120,000 private sector jobs in the first two weeks of October.

Several national polls further found that American consumers are decidedly downbeat about the direction of the economy and the government’s handling (or not handling) of it.

Sixteen percent of Affluent investors surveyed by Spectrem’s Millionaire Corner said that the Economic Environment is the one factor most affecting their investment plans today, up from 13 percent three months ago. Similarly, seven percent said the Political Climate is affecting their investment plans, up from three percent since July.

Another factor with an increasing impact on Affluent investment plans is Household Income, which edged upward from four percent three months ago to eight percent in October.

Seventeen percent of Affluent respondents said that Retirement is the most impactful factor influencing current investment plans, unchanged since July.

Among Affluent investors, Millionaires put slightly more weight on Retirement as a factor influencing their investment plans, 19 percent vs. 17 percent, while Affluent investors overall are more likely than Millionaires specifically to cite the Economic Environment, Household Income and the Political Climate as the factor most affecting their investment plans.

 

 

 

 

 

 



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.