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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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The Stock Market is on a Roll; Will Affluent Investors Roll With It?

Fewer Affluent investors lingering on the sidelines

| BY Donald Liebenson

Are investors ready to take a chance again on the stock market?

Earlier this week, the Dow Jones Industrial average closed at a record high, 14,253.77. Investors who has lost more than half of their money during the economic collapse and subsequent recession are about back to the break even point.

But, noted Gail MarksJarvis in The Chicago Tribune, “While the market has been on a tear, most individuals don’t trust it. They were traumatized by losses in 401(ks) and individual retirement accounts and have had trouble believing in a robust stock market when the sting of the financial crisis—including high unemployment and depressed home values—remains.”

These conflicted attitudes were reflected in a February survey of Affluent investors’ investment preferences conducted by Millionaire Corner. Fewer Affluent investors said they planned to linger on the sidelines and not invest for a reading of 43.8, down 3.07 points from the previous month. This is consistent with levels reached in July of 2008, which remained in the 40-50 point range through December of that year.

Last year, the “Not Invest” option in our survey of investment preferences stayed within the 30-40-point range, reaching a high of 39.9 in October.

Stated intentions to invest in Stocks was basically unchanged in February, dipping 2.50 points to 28.2. This is on the low end of the range reached throughout 2012, when Stock investment posted readings on our survey in the high-20s-30s, reaching a peak a year ago of 45.3.

Millionaire investors surveyed by Millionaire Corner were more engaged investors throughout 2012. Planned stock investment throughout the year was in the  30-40-point range, while Non-Millionaire investment  in Stocks held generally in the 20-30-point range.

Non-Millionaires were much more likely than Millionaires to say they did not plan to invest. But their confidence in the stock market may be on the rebound. “Not Invest” among Non-Millionaires in our Affluent investment preference survey dropped 12.5 points in February to 50.5.

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.