Spectrem Millionaire Investor Confidence Index (SMICI®) Falls to Four-Month Low in December
CHICAGO, IL--(Marketwired - Dec 31, 2013) - The Spectrem Millionaire Investor Confidence Index (SMICI®) fell six points in December to 4, its lowest reading in four months, Spectrem Group announced today. The Spectrem Affluent Investor Confidence Index (SAICI®) dipped two points to -1.
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.
Over the past six months, both indices have see-sawed, gaining one month and retreating the next. "The declines are reflective of continued wariness in the market which reached unprecedented highs in November only to stall in December," said George H. Walper, Jr., President of Spectrem Group. "This has prompted the highest percentage of Affluent investors since December 2008 to say they would be taking a wait-and-see approach to investing in the coming month, according to our monthly survey of investment preferences."
Affluent investors consider the political climate, the economy and market conditions to be the most serious threats to achieving their household's financial goals at this time. "Their wariness is also reflected in Spectrem's Affluent Household Outlook, which dipped more than four points in December," Walper added.
Additional insights from the indices are available on Spectrem's Millionaire Corner website (www.millionairecorner.com):