CHICAGO, July 29, 2014 –The monthly Spectrem Affluent Investor Confidence Index (SAICI®) dropped 6 points in July to 5, the Spectrem Group announced Tuesday. The Spectrem Millionaire Investor Confidence Index (SMICI®) dropped four points to 12. Both readings are three-month lows.
The indices compiled by Spectrem Group, a market research and consulting firm specializing in the affluent and retirement markets, measure the investment confidence and outlook of households with more than $500,000 of investable assets and more than $1 million of investable assets, respectively.
The July indices indicate a renewed wariness and jitters among Affluent investors, George H. Walper, Jr., president of Spectrem Group, noted. “Even though fewer Millionaires surveyed reported they would be moving from the sidelines in the coming month, they are indicating they will be investing in more conservative vehicles,” he said.
Click below for additional Indices insights:
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.