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Featured Advisor



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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Let's Go on a Cruise!

Most investors who have been on a cruise said they would go on another one. 

| BY Kent McDill

Going on a cruise isn’t for everybody, but it is for affluent investors, according to a survey done by Spectrem’s Millionaire Corner.

 In a survey of more than 1,200 affluent investors, 65 percent said they had been on a cruise, joining the millions of people who have been on a cruise to exotic locations. The Cruise Line International Association estimates more than 21 million people went on cruises in 2013.

There was a slight difference between male and female cruise travelers, with 69 percent of female investors saying they had been on a cruise and 64 percent of males admitting they had been cruising.

Wealth is a factor in the cruise survey, as 76 percent of investors with a net worth over $5 million had been on a cruise and only 37 percent of investors with a net worth under $100,000 had made such a trip. Half of investors with a net worth between $100,000 and $500,000 had been on a cruise.

It’s also a place for retired investors, with 78 percent of investors who consider themselves retired having been on a cruise (but perhaps not after they retired). Age also plays a role, as 77 percent of investors over the age of 60 have been on a cruise but only 46 percent of those under 40 have.

Going on one cruise is not the same as going on multiple cruises, and 71 percent of the investors who have been on a cruise said they were likely or very likely to go on another one. Almost half (45 percent) said they were “very likely’ to take another cruise in the future.

Only 17 percent said they would not be likely to return to the oceans on a cruise ship and only five percent said it was “very unlikely’’ they would take another cruise.

In 2011, 29.3 billion was spent on cruises by Americans alone, according to www.statista.com.

 

 

 

 



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.