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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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Investors in a Holding Pattern Despite Stock Market Rally

Affluent investors divided on confidence in stock market conditions

| BY Donald Liebenson

Affluent investors are not exactly brimming with confidence over the recent stock market rally, according to a new survey conducted by Millionaire Corner, but they are expressing cautious optimism. Just over one-third (36 percent) feel the same as they have about stock market conditions. Another 36 percent said they are more confident than in the past, while 28 percent said they are less confident.

The stock market reached new highs Tuesday, while the S&P 500 flirted with reaching near five-and-a-half-year highs. The stock market rally has been accompanied this month by encouraging reports regarding employment and the housing market.

But while affluent investors tell Millionaire Corner that their risk tolerance is becoming more moderate in the wake of improved market conditions, their actual investment activity belies a more conservative risk tolerance. In a survey we conducted last month, more than half (52 percent) said they are likely to invest in mutual funds over the next year, while 44 percent said individual stocks (read more about true gauges of risk tolerance here).

In our March survey, more than two-thirds (68 percent) of investors said they will continue to hold on to their investments. Twenty-two percent said they believe it is time to sell, while just 10 percent believe it is time to buy.

Market swings are one of the situations that would most compel investors to reach out to their financial advisor. Read more here)

Not surprisingly, investors who identify their risk tolerance as aggressive are more likely than their more cautious cohorts to say it is time to sell (15 percent vs. just 4 percent of conservative investors), and the least likely to want to hold (62 percent vs. 71 percent of self-professed moderate investors).

Knowing when to hold ‘em and when to fold ‘em is the eternal question for investors. Some, such as Warren Buffet, profess to see opportunity in volatility, while others fall prey to emotional investing, a factor that affluent investors blame for making a costly financial mistake..  

Roger Wohlner, CFP, contended in this Millionaire Corner piece that the issue for investors "is not whether you should buy, sell, or hold. The real focus should be on your financial plan.”

About the Author

Donald Liebenson

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.