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Ed Meek
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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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Spectrem Affluent Investor Confidence Index Dips Amidst International Concerns

The gap between the Millionaire and non-Millionaire investor indices is the widest since last May.

| BY Donald Liebenson


Concerns over economies both international and domestic caused a dip in the Spectrem Affluent Investor Confidence Index (SAICI®) in August. The SAICI dipped two points from the previous month to 9.

The Spectrem Millionaire Investor Confidence Index (SMICI®) gained two points to 17. This is the biggest gap between the Millionaire and Affluent indices since last May.

Both indices are up four points from the same period last year.

International news stories had the biggest impact on Affluent investors’ economic outlook last month, according to a Spectrem Group survey. Political uncertainty in Greece continued as the Eurogroup agreed to a third bailout that is scheduled to receive its first review in October. The agreement caused upheaval in the party of Prime Minister Alexis Tsipras.  A second area of concern was China, the world’s second-biggest economy, which mid-month devalued its currency to stimulate its economy.

Affluent investors also indicated a drop in confidence in the domestic economy, as evidenced by a drop in August of the Spectrem Affluent Household Outlook, a monthly measure of the confidence that Affluent investors have in four financial factors that impact their daily lives. The overall Outlook dropped 10 points last month, which was mostly driven by non-Millionaires concerned about the economy. Millionaires, generally more confident investors than their non-Millionaire counterparts, also indicated a loss of confidence in the economy, but it was not as severe.

Several solid to encouraging economic reports kept the SAICI from suffering a worse drop in August. The Labor Department’s jobs report released at the beginning of the month found that the economy added 215,000 positions, a report analysts called solid. Unemployment remained unchanged from the previous month.

U.S. retail sales for the previous month (a report released in August) rose 0.6 percent. On the real estate front, the National Association of Home Builders’ index rose to its highest level since November 2005.

This in part buoyed Affluent investors, especially Millionaires. When surveyed by Spectrem Group about how they intend to invest in the coming month, Millionaire respondents indicated a markedly increased intention to invest in stocks (a near two-year high) and stock mutual funds (a four-month 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.