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Asset Preservation Advisors


State: GA

APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Spectrem Affluent Investor Confidence Index (SAICI®) Rebounds to 5-Month High in July

For the first time in five months, affluent investors indicate that they will move off the investment sidelines in the coming month.

| BY Donald Liebenson

A surge in optimism among Millionaire investors drove an increase in the July Spectrem Affluent Investor Confidence Index (SAICI®) from 6 in June to 11, a five-month high.

The Spectrem Millionaire Investor Confidence Index (SMICI®) gained nine points to 15, a 9 point gain from the previous month

The Spectrem Group indices measure the investment confidence of households with more than $500,000 of investable assets and more than $1 million of investable assets, respectively.

The SAICI is six points ahead of July 2104 while the SDMICI is up three points from the same period last year.

The boost in the Spectrem indices is reflected in the willingness of surveyed Affluent investors to move off the investment sidelines. For the first time in five months, there was a decrease in both Millionaires and non-Millionaires who indicated they would hold on the sidelines in the coming month. Among Millionaire investors, intention to invest in Stocks reached a seven-month high, while intention to invest in Equity Mutual Funds increased to a three-month high.

Millionaire investors also expressed increased confidence in their household economic outlook, which served to offset the more cautious mindset of non-Millionaire investors, whose own household outlook was basically unchanged from June.

When asked by Spectrem Group what is the one factor that is most affecting their current investment plans the highest percent of Affluent investors cited stock market conditions. Stock market volatility in the first half reflected investor concern over a host of developments ranging from the Greece debt crisis and China’s stock bubble to ISIS and ISIS-inspired attacks abroad and in America and continued speculation over when the Federal Reserve would raise interest rates.

But July saw the release of more encouraging economic reports that reflecting a firmer foundation for the housing market as well as dramatic drops in initial claims for unemployment benefits.


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.