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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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More Millionaires to Opt for the Sidelines in Coming Month

Among non-Millionaires surveyed, Stock Mutual Funds was the investment vehicle of choice, ticking upward 0.2 of a percentage point to 33.3, a three-month high. Stocks posted the largest gain, 5 points to 30.9, a 15-month high.

| BY Donald Liebenson


For the second consecutive month, more non-Millionaire investors than Millionaires indicated they would be engaged with the market.

When asked how they intend to invest over the next month, Affluent investors overall were most likely to say “Not Invest,” but not in much greater numbers than last month. Intentions to invest in Stocks, though, rose 4.10 points to 36.40, a nine-month high. Meanwhile, Cash dropped 3.94 points to 16, the lowest reading since Spectrem Group began tracking Affluent investment preferences, while Bonds dropped 3.34 points to 7.60

Stocks have been in a bull market for more than five years, analysts report. While CNN's most recent Fear & Greed Index is at 95 out of 100, the VIX, the market's so-called "fear gauge," is at its lowest levels in seven years.

Stock Mutual Funds, ticked downward in June 0.85 of a percentage point to 35.60, a four-month low. This was the first time in nine months that more Affluent investors indicated they would invest in Stocks more than Stock Mutual Funds. Bond Mutual Funds gained 3.81 points to 12.80, while Real Estate edged up 0.8 of a percentage point.

Spectrem Group breaks down Affluent investment preferences by Millionaire and non-Millionaire households. The June survey found non-Millionaires for the second consecutive month not inclined to sit on the sidelines. “Not Invest” dipped 2.8 points to 39, a three-month low, while “Not Invest” among Millionaires gained 3.8 points to 35.4, a four-month high, an indication of a currently more cautious mindset.

Among non-Millionaires surveyed, Stock Mutual Funds was the investment vehicle of choice, ticking upward 0.2 of a percentage point to 33.3, a three-month high. Stocks posted the largest gain, 5 points to 30.9, a 15-month high.

Cash dipped 1.9 points to 17.9, while Bond Mutual Funds gained 1.9 points to 11.4, another three-month high. Real Estate gained a half a percentage point to 6.5, an eight-month high. Bonds dropped 4.1 points to 4.9.

For the first time since August 2013, Millionaires indicated they plan to invest more in Stocks (41.7 points) than Stock Mutual Funds (37.8 points). Cash dropped 5.8 points to 14.2, another unprecedented low in a survey that began in February 2004. Bond Mutual Funds gained 5.7 points to 14.2, while Real Estate dipped 1 point to 11. Bonds lost 2.7 points to 10.2.

Related story: Millionaire investors replace non-millionaires on the sidelines.



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

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.