The monthly indices measure the investment confidence and outlook of households with more than $500,000 in investables and more than $1 million in investables, respectively.
The SAICI had been holding at 2—matching a 12-month high—for the previous three months. The SMICI has been less volatile in recent months after experiencing more extreme swings in the first quarter of this year.
“While July has seen unprecedented market highs, Affluent investors are expressing wariness over how long the rally will last,” said George H. Walper, Jr., President of Spectrem Group. “Factors ranging from stock market conditions and the economy to lackluster second quarter earnings reports and the uncertain status of the Fed’s economic stimulus program have made Affluent investors slightly reticent about moving off the sidelines.”
In a further reflection of investor wariness, the Spectrem Affluent Household Outlook, a measure of confidence in financial factors that impact their daily lives, remained basically unchanged after dropping just over 4 points in June.
Additional insights from the indices 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 (www.spectrem.com) strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.
About Millionaire Corner:
Spectrem’s Millionaire Corner website (www.millionairecorner.com) provides information for investors about investors. With its Find an Advisor service, investors are able to search for financial and investment advisors to assist in growing their wealth.