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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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Investment Trends: Millionaires to Opt for Cash in Coming Month

MIllionaire investors intend to move off the sidelines, but they're backing away from Stocks and Stock Mutual Funds

| BY Donald Liebenson

Since May, Millionaire investors had increasingly indicated they would be retreating to the sidelines rather than invest. But in July, fewer Millionaires reported they would be going this route, according to a monthly investment trends survey conducted by Spectrem Group. “Not invest” dropped 6.5 points to 28.9. This was the biggest drop in six months.

But this increased investment optimism was counterbalanced by a jittery non-Millionaire investor, who indicated they would be retreating to the sidelines in numbers not seen since December 2013.  “Not invest” among this group jumped 12.6 points to 51.56.

In response to the investment trends question, “How will you invest in the coming month,” “Not invest” among surveyed Affluent investor overall gained 2.8 points to 40, a five-month high. Year-to-year, “Not invest” is up 5.8 points.

For those who do plan to invest, Stock Mutual Funds is the vehicle of choice (33.60 points, down slightly from last month), followed by Stocks (30 points, a decrease of 6.40 points). Intention to invest in Cash, however, gained 4.40 points to 20.40, a gain of 6 points. Bond Mutual Funds increased 3.2 points to 16, a four-month high, while Real Estate ticked upward 1.2 points to 10.

Bonds dipped .08 of a percentage point to 6.80, a three-month low.

Spectrem Group breaks down Affluent investment trends by Millionaire and non-Millionaire households. When asked how they intend to invest in the coming month, Millionaires indicated they will most likely invest in Stock Mutual Funds (44.5 points, a six-month high and a gain of 6.7 points from the previous month), followed by Stocks, 34.4 points, a decrease of 7.3 points and a three-month low.

Cash gained 10.8 points to 25, another six-month high. Bond Mutual Funds, too, spiked 7.7 points to 21.9, a 12-month high. Real Estate gained 3.8 points to 14.8, a 16-month high, while Bonds were unchanged from last month at 10.2 points.

Among non-Millionaires who intend to invest in the coming month, Stocks are the investment vehicles of choice, although this category decreased 5.5 points to 25.4, a three-month low. Stock Mutual Funds plummeted 11.2 points to 22.1, a seven-month low. Intention to invest in Cash dipped 2.3 points to 15.6, another three-month low.

Bond Mutual Funds (9.8 points) and Real Estate (4.9 points) dipped 1.5 points and 1.6 points, respectively. Bonds ticked downward 1.6 points to 3.3, a six-month low.

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.