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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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International Economic News the Top Story for Affluent Investors

Nearly four-in-ten Affluent investors cite “international problems” as the news story most affecting their current economic outlook.

| BY Donald Liebenson


More than new stories about the economy or stock market volatility, Affluent investors surveyed in August by Spectrem Group indicated that developments overseas are having the biggest impact on their current economic outlook.

Nearly four-in-ten (38 percent) cited “international problems” as the news story most affecting their economic outlook. This is up from 10 percent last May when this question was last asked.  This is the first time since last February that “international problems” were most prominent on affluent investors’ news radar. That month, Greece seemed to be hurtling towards default.  Analysts forecast varying scenarios ranging from stocks shooting higher  to an all-out market correction in Europe, as well as ripple effects in other parts of the globe. Athens reached an agreement with its eurozone creditors that included in part a four-month extension of its financial assistance program. 

Prior to that, the highest percentage of affluent investors (44 percent) were most focused on international news in relation to their economic outlook. At that time, Russian aggression against Ukraine, attacks and counterattacks by Hamas and Israel shattering cease fire agreements and deeper incursions into Iraq against the terror group ISIS were dominating the news.

Mid-August, eurozone leaders without the participation of the International Monetary Fund, agreed to a third bailout of Greece that for now will keep Greece in the eurozone. The agreement   came at a political cost to Prime Minister Alexis Tsipras, who faced rebellion from members of his own party. The hard-fought deal calls for a review scheduled for October. 

The Spectrem Group survey was fielded between Aug. 14-20. During this time, concern over China, the world’s second biggest economy, began to rise following the news that the government had devalued its currency in a bid to stabilize its economy.

News stories related to the domestic political environment were also of increased interest to affluent investors, respondents said.. Seventeen percent (up from 14 percent in May and 12 percent in February) said these stories in the news are having the most effect on their economic outlook. In August, one of the chief points of contention between lawmakers and the White House was the Iran nuclear deal, which lifts economic sanctions on Tehran in exchange for that country curbing its nuclear program. Look for the environment to get stormier as the presidential race progresses and the candidates focus on the economy both here and abroad.

In comparison, news stories about the economy, the stock market, unemployment and oil prices are not presently having nearly as great an impact on Affluent investors. Nine percent said that news stories regarding a possible increase in interest rates are affecting their economic outlook.  This is up from 6 percent in February and at a time when current speculation is that the Federal Reserve will raise interest rates for the first time since 2006 as early as September. 

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.