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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

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, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Investment Confidence of the Affluent Plummeted in October, Life Health Pro - October 29, 2013

| BY Emily Holbrook

The 16-day U.S. government shutdown had a negative effect on many things, including furloughed government employees, businesses (such as United States contractors) and even Native Americans (the shutdown interrupted federal funding to tribes). But it also had a serious impact oninvestor confidence of the affluent

According to a Spectrem Group announcement this morning, the Spectrem Affluent Investor Confidence Index (SAICI) fell 12 points in October to -4, a nine-month low. SAICI, which measures investment confidence and outlook of households with more than $500,000 in investables, had reached an almost six-and-a-half-year high in September.

Additionally, the Spectrem Millionaire Investor Confidence Index (SMICI), which measures investor confidence and outlook of households with more than $1 million in investables, plummeted 15 points to 8, representing the largest month-to-month drop since April-May 2009. The SMICI had reached a nine-and-a-half-year high in September. 

The government shutdown and debt ceiling debate were successful in eroding these impressive gains. 

“The drops in the Spectrem indices are a vivid reminder that what happens in Washington D.C. does not stay in D.C.,” said George H. Walper, Jr., president of Spectrem Group. “The significant declines are a reflection of the emotional state of mind of the country’s wealthiest investors regarding what they perceive to be the direction of the economy and their personal financial situations.”

When Spectrem asked how many affluent investors plan to invest in the coming months, an increasing number reported they plan to wait on the sidelines. 

 

 

Follow link to read the original article from Life Health Pro.