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Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Investors Confidence Eroded by Washington Tension, Live Trading News - November 1, 2013

| BY Paul Ebeling

The Spectrem Millionaire Investor Confidence Index measures the outlook for investors who have at least $1-M in investible assets

In October it fell 15 pts to 8 from September, when it reached a 9.5 yr high.

The index has not seen such a fall since the April 2009 financial crisis.

“This is a vivid reminder that what happens in Washington, DC, does not stay in DC,” George Walper, president of Spectrem Group, a firm that focuses on wealth research, said in an interview Friday.

The PNC Wealth Management’s Wealth and Values Survey, nearly 50% of investors with $500,000 or more in investable assets are not as enthusiastic about the US economy as they were before the standoff.

Sixty-two percent said the crisis would impact the economy “in both the short and longer terms,” and 47%  said they are being more cautious with their investing as a result.

“The optimistic mood of America’s affluent investors on the economy darkened in the wake of the US  government shutdown and near default,” PNC said.

The wealthy’s POV about the US economic outlook is not  promising, but they are not shy to talk about their economic well-being referencing a bright outlook for their own portfolios.

The country may be headed for a meltdown, but they will be keeping their heads above water.

With an increase of 20% in net worth and enthusiasm over their own portfolios, the wealthy are expected to invest more in stocks and real estate, according to the PNC report.

It is unlikely that stocks will go down due to wealthy  investor’s cynical views.

According to Gallup’s Economic Confidence Index, Americans’ confidence in the economy fell to its lowest level since late Y 2011 earlier in October.

Confidence in the economy averaged -39 for the week ended 13 October , down 5 pts from the prior week. That on top of a 12-pt drop during the 1st wk of the government shutdown.

 

Click here to read the original article from Live Trading News.