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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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More Non-Millionaires Chose to "Not Invest" in August

Between the downgrade of the U.S. debt and the subsequent market sell-off - the worst in two years - is not surprising that more investors retreated to the sidelines in August, according to the latest monthly survey conducted by Millionaire Corner/Spectrem Group. The option to Not Invest rose 2.3 points to 36.4. On a more positive note, investment in Cash dropped 7.6 points to 25.9.

 A more wary mindset was indicated in a drop in Stocks to 29.4 points from 33.5 last month. Stock Mutual Funds saw the biggest overall decline this month, down 8.1 points to 24.7. Bond Mutual Funds declined 6.4 points to 13.5. Investment in Individual Bonds dipped .3 points to 12.5. Real Estate rose for the third straight month, up 2.7 points to 13.7.

 Though Millionaire investment was down in most categories, they were more active than Non-Millionaires. Fewer Millionaire households chose to Not Invest this month. This category declined 6.5 points to 29.8. Cash, too, declined slightly 1.8 points to 28.1, while Stocks ticked up 1.5 points to 35.6. Stock Mutual Funds dropped 6.8 points to 29.1 and Bond Mutual Funds declined 4.5 points to 16.7. Bonds increased 6.7 points to 17.2, while Real Estate jumped 7.3 points to 17.2.

More Non-Millionaires this month chose to Not Invest. This category increased 16.9 points to 43.3. Investment in Cash dropped 23 points to 23.6, while Bonds dropped 14 points to 7.5 and Stocks declined 8.4 points to 23. Real Estate dropped 5.1 points to 10 and Bond Mutual Funds fell 5 points to 10.2.