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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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Renewed Concerns About the Economy Hold Back Affluent Household Outlook

Confidence down in Non-Millionaire households

| BY Donald Liebenson

The Spectrem Affluent Household Outlook was basically unchanged in September, dipping 0.13 points to -2.80. It was held back primarily by renewed pessimism in the Economy, particularly in Non-Millionaire households.

The overall Outlook, a survey of Affluent attitudes toward financial factors that impact their daily lives, has posted a negative reading for three consecutive months. Household Income dropped 3.65 points to 0.45, a 10-month low. The Economy dropped 3.52 points to 18.95. On the plus side, confidence in Company Health gained 4.56 points to -1.36, while Household Assets increased 2.07 points to 8.68, a four-month high.

Our monthly survey of Affluent investor attitudes and behaviors further breaks down findings by Millionaire and Non-Millionaire households. The overall Millionaire Outlook rose 6.05 points to 6.87--a four-month high--driven mostly by an increase of 12.25 points in Household Assets to 24.09, a five-month high.

Company Health and the Economy each rose more than six points, although Economy still posted a negative reading at -7.41. Household Income was basically unchanged, dipping 0.27 points to 7.51.

The picture was different in Non-Millionaire households, whose overall Outlook dropped 7.15 points to -13.45, a 10-month low. All of the components posted readings in negative territory, the first time this has happened since last January.

Only Company Health posted an increase--albeit modest--in September, rising 2.14 points to -6.48. The Economy suffered a 14.54 point loss to -31.73, also a 10-month low. Household Assets fell 8.56 points to -8.29, while Household Income dropped 7.56 points to -7.32, an eight-month low.



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.