Spectrem Millionaire Investor Confidence Index (SMICI®) = 8
- April 2018-May 2018 - Unchanged
- May 2017-May 2018 – Up 5
Spectrem Affluent Investor Confidence Index (SAICI®) = 6
- April 2018-May 2018 – Down 1
- May 2017-May 2018 - Unchanged
While the index numbers show little to no change from April to May, the interest in stock investing rose more than 4 percentage points among all investors, although the percentages of all investors Not Investing also rose to 36 percent, the highest percentage since January.
- Millionaires showed much more enthusiasm for stock investing, with 34.1 percent saying they would increase their involvement in Stocks.
- Non-Millionaires expressed a renewed intention to invest in Cash and Real Estate; at 12.1 percent, increased Real Estate investing was the highest since July of 2013.
- The Spectrem Household Outlook also rose more than 6 points overall with percentages climbing in household assets, company health and the economy.
Even when the Index numbers are unchanged from one month to the next, individual factors that determine the index can see increases or decreases, and such is the case with the May index details. Millionaire Stock Market and Stock Mutual Fund interest rose, while other key factors (individual Bond, Cash, Real Estate investing) saw notable decreases.
The Spectrem Affluent Investor Confidence Index (SAICI) and the Spectrem Millionaire Investor Confidence Index (SMICI) for May saw little to no change. The SMICI remained steady at 8, while the SAICI dropped a single point to 6.
The monthly SAICI tracks changes in investment sentiment among the 17 million households in America with more than $500,000 of investable assets. The SMICI reflects the investment sentiment of households with more than $1 million in investable assets. The May investor fielding took place between May 22 and May 26.
Among all investors, the percentage Not Investing (those who are not increasing their investment totals) rose to 36 percent, the highest percentage since January. Among Millionaires, 34.1 percent said they were not increasing their investment level (the highest percentage since June of 2017) and among non-Millionaires, 39.8 percent declared intentions to maintain their current investment levels. Non-Millionaires are historically less likely to increase their investment totals from month to month.
The Spectrem Household Outlook, a measure of the long-term confidence among investors in four financial factors which impact a household’s daily life, rose overall to 25.80, a slight improvement over April but still below the average Outlook over the past 12 months. Both Millionaire and non-Millionaire Outlook rose slightly in May, but over the past two months, both categories remain lower than any time since August of 2017.
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