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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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Market Conditions Affecting Investment Plans More than Political Climate

When asked specifically about the factors most affecting their investment plans, Affluent investors are likely to tune out the distractions of the campaign season and focus on the bigger picture. 

| BY Donald Liebenson

The presidential election is one week away, but when it comes to investment plans that is not what is uppermost on the minds of Affluent investors. When asked in October which one factor most affects their current investment plans as they relate to their household’s portfolio, the largest percentage (28 percent) responded, “Stock Market Conditions” followed by “Retirement” at 20 percent.  Only 8 percent said that the Political Climate was most affecting their current investment plans, which is on par with those who said the Economic Environment was having the most effect (9 percent).

These responses are basically unchanged from three months ago when this question was asked of Affluent investors. At that time, 30 percent said that Stock Market Conditions were most affecting their household’s investment plans today, while 19 percent said it was Retirement. Three months ago, only 4 percent responded that the Political Climate was having the most effect on their investment plans. The four percent increase in October indicates that this presidential campaign, unprecedented in many ways can’t help but be on investors’ radar.

Last August, Affluent investors overwhelmingly reported that news stories about the election were most affecting their economic outlook. This is not surprising as the 24-hour cable news channels have been reporting about little else in recent months. And in September, investors said they considered the political climate to be the most serious threat to achieving their household’s financial goals. This is a reflection of the perceived negative nature of the campaign.

But when asked specifically about the factors most affecting their investment plans, Affluent investors are likely to tune out the distractions of the campaign season and focus on the bigger picture. Stock Market Conditions and Retirement are issues that have a direct impact on household income and assets.

Financial Behaviors and the Investor’s Mindset, a Spectrem Group wealth research study, finds that a majority of Mass Affluent investors with a net worth between $100,000 and $1 million (not including primary residence) are concerned about being able to retire when they want. This percentage decreases to 39 percent among Millionaires with a net worth between $1 million and $5 million, but of those 39 percent, Millennials and Gen-Xers comprise just over half who express this concern.

It will be telling in the next two months leading to the Inauguration to see how the election impacts the market and what impact this will have on the mindset of Affluent investors. 

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.