The Spectrem Affluent Investor Confidence Index (SAICI®) dropped three points to -7, the 10th consecutive month the Index has been in negative territory. The Indexes measure the investment confidence and outlook of households with $500,000 or more in net worth.
“The level of Millionaire investors who indicated they planned to stay on the sidelines and not invest was at its highest since September 2011,” noted George H. Walper, Jr., President of Spectrem Group. “While stock mutual funds and stocks were their planned investment vehicles of choice, they were at lower levels than in January.
Shaken Millionaire confidence was also reflected in the monthly Spectrem Affluent Household Outlook, which dropped nearly five points in February.
Additional insights from the indexes are available on Spectrem’s Millionaire Corner website (www.millionairecorner.com). These include:
Index Historical Performance
Spectrem Affluent Investor Confidence Index®
Spectrem Millionaire Investor Confidence Index®
The Spectrem Affluent Investor Confidence Index (SAICI ®) is based on 250 monthly online interviews with the financial decision-makers in households with $500,000 or more in investable assets. The Index has a margin of error of plus or minus 6.2 percentage points. The Spectrem Millionaire Investor Confidence Index (SMICI ®) is based on a subset of the overall survey group.
About Spectrem Group
Spectrem Group is a strategic consulting firm specializing in the affluent and retirement markets, integrating proprietary research with expertise in building business, marketing and M&A strategies.
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Millionaire Corner is a premier independent online resource for investors and about investors. Drawing on more than 20 years of proprietary research and insight about wealthy investors from its parent, Spectrem Group, Millionaire Corner delivers timely, relevant and practical information and tools to help fuel financial growth for Millionaire Investors and aspiring millionaires. With its Find an Advisor service, investors are able to search and evaluate wealth financial and investment advisors.