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Featured Advisor

Ed Meek
CEO/Investment Advisor

Edge Portfolio Management


State: IL

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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Investment Choices Reveal Renewed Caution about the Economy

The percentage of investors who chose to Not Invest increased in March to 22.8 points, a two point bump from last month, but investments in Cash, another telltale sign of market caution, was down only slightly this month, from 50.8 points last month to 49.6 points.
Investments in Stocks and Bonds each increased for the third month in a row. Stocks went from 36.4 points to 38 points, while Bonds went from 15.6 points in February to 16 points. Stock Mutual Funds and Bond Mutual Funds investments, however, each decreased this month. The former went from 42 points to 39.6, and the latter from 23.2 points to 22. Real estate posted an increase for the second month in a row from 20.8 points to 22.8.
In their own ways, Millionaires and Non-Millionaires are exhibiting caution about the economy and re-investing in the markets. Millionaire investment in Cash increased from 46.7 points in February to 50, while Non-Millionaire investment in Cash sharply decreased to 48.5 points from 57 last month. However, there was an increase among Non-Millionaires who chose to Not Invest (from 18.7 points last month to 22.7), while slightly fewer Millionaires (21.3 points from 21.7 in February) chose this option. Millionaires may be snapping up bargains in the Real Estate market. Their investment in this troubled category increased two points since last month to 26.2. For the third month in a row, Non-Millionaire investment in Real Estate (at 17.5 points) decreased.

While Millionaires increased investments in Stock (42.6 points from 38.3), Non-Millionaire interest in this category was down (30.9 points from 34.6). Non-Millionaire investment in Stock Mutual Funds and Bond Mutual Funds increased this month (43.3 and 21.7 points, respectively) while Millionaires decreased their investments (38.5 points and 25.4 points) respectively.
Both wealth levels decreased their investment in Bonds.