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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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Affluent Investors Remain Cautious in May

For the third consecutive month, an increasing number of Affluent investors said they intend to stay on the sidelines. 

| BY Donald Liebenson

Despite some encouraging economic reports in May, including an upbeat jobs report, Affluent investors are exhibiting a cautious mindset, according to a new investor preferences survey conducted by Spectrem Group.

When asked how they intend to invest in the coming month, Affluent investors indicated a retreat from Stocks and even more conservative Cash. For the third consecutive month, an increasing number of Affluent investors said they intend to stay on the sidelines (up .08 of a point to 36.40, a six-month high).

The only two investment categories that posted an increase in May were Bonds (8.40 points, up from 8 in April and the highest reading since last December) and Real Estate (10.40 points, up from 6 and a three-month high). Earlier this month, the U.S. Commerce Department reported that housing stars jumped 20.2 percent in April, while permits hit a seven-year high.

But the Federal Reserve’s decision on when it will raise interest rates continues to vex investors. At its last meeting on April 28-29, the Fed downgraded its view of the U.S. economy, which rose at only a 0.2 percent annualized rate after advancing 2.2 percent the previous quarter, according to Commerce Department data. The minutes of that meeting, released this month, indicate that a rate hike in June is unlikely.

“Most Fed policy members,” the minutes showed, “thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising the target range for the federal funds rate had been satisfied, although they generally did not rule out this possibility.”

Fed officials will next meet on June 16-17.

Spectrem Group breaks down Affluent investment preferences by Millionaire and non-Millionaire households. Non-Millionaires are much more likely than their Millionaire counterparts to stay on the sidelines in the coming month (43.7 points—a six-month high—vs. 29.8 pts. for Millionaires). For the second consecutive month, these investors are as likely to invest in Cash as they are in Stocks. But they are more likely than Millionaires to jump on the Real Estate bandwagon. This category jumped 6.8 points in May from the previous month to a three-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.