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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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Non-Millionaires More Active Investors in March

| BY Donald Liebenson

A Millionaire Corner monthly survey of Affluent investor preferences finds investor confidence on the rise, especially in Non-Millionaire households.

Affluent investors for the third consecutive month edged away from Cash (down 1.4 points to 26.4), while investment in Stocks surged 10.7 points to 45.3, the highest level in more than eight years, a reflection of an improved stock market thus far in 2012. In a further sign of investor confidence, the “Not Invest” option dropped 6 points to 29, the lowest level since May 2011.

Overall Affluent investment in Stock Mutual Funds gained 5.7 points to 35.4, while investment in Bonds rose 3.4 points to 15.5, the highest level since April 2011, while Bond Mutual Funds edged up 1.4 points to 17.3, the highest reading in four months. Interest in Real Estate dropped 2.6 points to 7.4 points.

Our survey further breaks down Affluent investor preferences by Millionaire and Non-Millionaire households.  This month found Non-Millionaires more engaged in the market. The “Not Invest” option dropped in these households by 19.3 points to 27.4. Stock investing among Non-Millionaires jumped 13.8 points to 41.2, also the highest level in more than eight years. Bonds dropped 3.6 points to 8. Investment in Cash, though, rose 7.2 points to 30.8, the highest level since July 2011.

Stock Mutual Fund investment rose 5.1 points to 32, while Bond Mutual Funds rose 4.8 points to 18.8. Real Estate dropped 2.6 points to 5.4.

In Millionaire households, investment in Cash dropped 7.4 points, while invest in Stocks rose 5.7 points to 47.1, another eight year high. But more Millionaires this month chose to “Not Invest,” which rose 5.9 points to 29.8.

Millionaire investment in Bonds rose 6.3 points to 18.9, the highest level since April 2011, while Stock Mutual Funds rose 4.5 points to 36.9. Real Estate dropped 3.6 points to 8.3.

Our survey was taken before the week of March 19, a mixed news week for the housing market. The National Association of Realtors announced that February home sales fell 0.9 percent in February, but were 8.8 percent higher than they were a year ago. Another survey found that builder confidence was at a five-year high.

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.