The monthly Spectrem Affluent Investor Confidence indices track changes in investment sentiment among the 16.3MM households in America with more than $500,000 of investable assets (SAICI), and those with $1MM or more (SMICI). This month’s survey was fielded between March 16-22, 2017.
What happens in Washington D.C. doesn’t stay in Washington. When asked what they consider to be the most serious threat to achieving their household’s financial goals, 30 percent of Affluent investors cited the political climate. This is the highest percentage in the 13-year history of the Spectrem Affluent Investor Confidence indices.
“There is a push-pull of factors impacting the confidence of Affluent investors,” said Spectrem President George H. Walper, Jr. “March saw a pullback from the post-election rally, but the Dow was still over 20,000. A higher percentage of Affluent investors—especially Millionaires—intend to invest in Equities in the coming month, but they also report a higher likelihood of investing in fixed income products. Despite a surge of confidence in in the economy in March, the Spectrem Affluent Investor Household Outlook remains flat. Unease about whether the current political climate may hamper their ability to achieve their household’s financial goals stands at a record high.”