CHICAGO, Aug. 26, 2014 –The monthly Spectrem Affluent Investor Confidence Index (SAICI®) remained unchanged in August at 5 from July. The Spectrem Millionaire Investor Confidence Index (SMICI®) gained 1 point to 13.
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 August indices indicate continued caution and wariness among Affluent investors. “For the third consecutive month, there wasn’t a significant increase in Affluent investors who said they intend to hold on the investment sidelines in the coming month rather than invest,” George H. Walper, Jr., president of Spectrem Group, observed. “While the market continued flirting with unprecedented highs in August, crises overseas have tempered investor optimism. Affluent investors are telling us that developments in Ukraine, Israel and Iraq are at present the news stories having the most impact on their economic outlook.”
The August Spectrem Affluent Household Outlook, another measure of Affluent investor confidence, edged downward for the third consecutive month, particularly among Millionaires, who are generally have a more optimistic outlook.
Click below for additional Indices insights:
· Affluent Intention to Invest on Hold in Coming Month
· What News Stories are Most Impacting Affluent Investors’ Economic Outlook?
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 Best Financial Advisors service, investors are able to search for financial and investment advisors to assist in growing their wealth.