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Kim Butler

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX

I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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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.