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Srbo Radisavljevic
Managing Principal/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, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Non-Millionaires Bring Down April Affluent Household Outlook

MIllionaires' confidence not enough to lift the Affluent Household Outlook.

| BY Donald Liebenson

The Spectrem Affluent Household Outlook dipped 3.39 points in April to 16.13, a retreat reflecting shaken confidence among non-Millionaires.

The Spectrem Affluent Household Outlook is a monthly measure of Affluent investor confidence in four financial factors that impact their daily lives. Three out of four of the components in the overall Outlook posted drops this month. Household Income fell 5.15 points to 13.15, while the Economy declined 4.69 points to 7.31, a four-month low. Company Health declined 4.43 points to 11.27. Household Income, though, ticked upward .75 of a percentage point to 32.78, a five-month high.

Year-over-year, the Spectrem Affluent Household Outlook is up 7.61 points since April 2013.

Spectrem Group further breaks down Outlook measurement by Millionaire and non-Millionaire households. The Millionaire Outlook reflected an improvement over March in every component, a reflection of these wealthy investors’ more long-term approach that helps them maintain their confidence amidst fluctuations in the stock market or events that could impact the global economy, such as increased tensions in Ukraine. .

The Millionaire Outlook in April gained 7.18 points to 25.36, a five-month high. The Millionaire Outlook is up 10.61 points from April 2013. Household Income posted the biggest gain, 11.86 points, to 26.44. Household Assets increased 8.42 points to 44.44, another five-month high. Company Health gained 4.96 points to 19.98, a seven-month high, while the Economy ticked upward to 3.19.

But the Non-Millionaire Outlook, which dropped 14.67 points to 6.46, was a drag on the overall Affluent Outlook, posting declines in each component. The biggest setback was in Household Income, which dropped 23.5 points to -0.77. Household Assets dropped 6.71 points to 20.56. Company Health declined 14.91 points to 2.24, while the Economy fell 13.59 points to 3.79.

Year-to-year, the Non-Millionaire Outlook is basically unchanged.

The Commerce Department announced this week that the nation’s gross domestic product rose at a 0.1 percent annual pace, down from 2.6 percent growth in the fourth quarter and the weakest growth since late 2012. While consumer spending rose at a 3 percent annual rate in the first quarter, the gain was fueled by spending on services such as health care and utilities, rather than the purchase of goods, which experts blame on the weather, which, like the economy, is taking its time heating up.

Related story: Millionaire, non-millionaire investor confidence on divergent tracks in April

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.