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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

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, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Market Volatility Concerns Up 59 Percent among Affluent Investors

Affluent investors indicate a surge in concern over international economic developments

| BY Donald Liebenson


 

When asked this month what they consider to be the most serious threat to achieving their household’s financial goals at this time, nearly three-in-ten Affluent respondents (27 percent) surveyed by Specttrem Group said “market conditions.” This is an increase of .59 percent from three months ago when this questions was last asked.

Between Aug. 20 and September 4, there were eight so-called “all or nothing days,” reported Bespoke Investment Group. These are instances when at least 80 percent of the S&P 500 advances or declines. There have been just two other times since 1990 when there were as many all or nothing days in that short a period.

In early August, China devalued its currency. On Aug, 24, the Dow, driven by concerns about the slowdown of the world’s second largest economy, suffered an historic 1,000-point decline before closing with a loss of nearly 600 points.  It was the worst day for the Dow since August 2011.

Beyond market conditions, Affluent investors surveyed by Spectrem Group indicated that the Economy (14 percent) represents the most serious threat to achieving their financial goals at this time.

Of especially heightened concern is the International Situation, according to 11 percent of Affluent investors, up from a mere 2 percent last June. In addition to economic developments in China, the beginning of the month saw an ominous Russian arms buildup in Syria. In mid-September, North Korea threatened to use nuclear weapons against the United States.

On the home front, 10 percent of Affluent investors cited the Political Climate as the most serious threat to achieving their household’s financial goals. This is a drop from 14 percent three months ago, which might indicate a tuning out of the opening stages in the 2016 presidential campaign.

Less than 10 percent said this month that they consider inflation to be the most serious threat to achieving their household’s current financial goals. That inflation is in check at 0.3 percent led in part to the Federal Reserve’s decision in September to keep interest rates at zero after months of speculation that the Fed would raise them for the first time since 2008.

 



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.