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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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What Factors are Most Influencing Affluent Investment Plans?

A volatile market, retirement concerns, and the economic environment are having the most impact on Affluent investment plans.

| BY Donald Liebenson

When asked which one factor most affects their invest plans today, the highest percentage of Affluent investors (30 percent) surveyed by Spectrem’s Millionaire Corner said “Market Conditions.”

The market thus far in 2014 has been more volatile, which has kept investors on edge. April has been rough overall. The S&P and Dow are up only slightly for the month, but the Nasdaq suffered a dramatic drop as investors soured on many tech and bio tech stocks.

An increasing percentage of Affluent investors said this month that retirement is the primary factor affecting their investment plans (20 percent vs. 14 percent in January when this question was last asked). A recent Gallup poll found that nearly six-in-ten Americans cite not having enough money saved for retirement as their top money worry. Running out of money in retirement is the biggest financial fear among Affluent Americans, according to Spectrem's Millionaire Corner research. 

Ten percent of Affluent respondents said that the economic environment is most affecting their investment plans, basically unchanged from three months ago.

Between non-Millionaire and Millionaire investors surveyed by Spectrem’s Millionaire Corner in April, the non-Millionaires were slightly more likely to consider market conditions the primary factor affecting their current investment plans (31 percent vs. 30 percent). Retirement, too, is another area considered more by non-Millionaires to be a factor most impacting their investment plans today (20 percent vs. 18 percent).

Millionaires, on the other hand, were more likely than non-Millionaires to consider the economic environment when making their investment plans (14 percent vs. 10 percent).  Eight percent (vs. 6 percent of non-Millionaires) said that household income is the primary factor most affecting their investment plans.

The political climate and the perception that the White House and Congress cannot or will not work together in fixing the country’s economy, is taken into consideration by a slightly higher percentage of Millionaire investors than their non-Millionaire counterparts (6 percent vs. 5 percent.

Related story: Investment trends--Non-millionaires retreat to sidelines/Millionaires still in the game

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.