Millionaire Investor Confidence Surges to a Near 9-1/2-Year High
CHICAGO, Sept. 25, 2013 – The Spectrem Millionaire Investor Confidence Index (SMICI®) reached a nearly 9 ½-year high in September, Spectrem Group announced today. The SMICI gained 20 points to 23, a level last reached in June 2004, and the biggest month-to-month increase since Spectrem Group began compiling the Index that year.
The surge in the SMICI also lifted the Spectrem Affluent Investor Confidence Index (SAICI®), which gained 17 points to 8, an almost 6 ½-year high and another unprecedented month-to-month increase.
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.
“Millionaires continue to express concerns about the economy and the partisan political climate, which they consider to be the most serious threats to achieving their financial goals at this time,” said George H. Walper, Jr., President of Spectrem Group. “But the record highs reached by the market in September are compelling Millionaires to move off the sidelines. Over the past three months, our monthly survey of how Millionaires plan to invest in the coming month finds increasing interest in stocks. Intention to stay on the sidelines is at its lowest its lowest in nearly 2-1/2-years.”
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.