April 25, 2012 at 07:48 AM EDT
SPECTREM AFFLUENT INVESTOR CONFIDENCE INDEX DIPS
FOR IMMEDIATE RELEASE
Contact: George Walper, (224) 544-5350, firstname.lastname@example.org
SPECTREM AFFLUENT INVESTOR CONFIDENCE INDEX (SAICI)(SM) DIPS AMIDST MARKET CAUTION
Spectrem Millionaire Investor Confidence Index (SMICI)(SM) Drops 2 Points
CHICAGO (MMD Newswire) April 25, 2012 -- Spectrem Group announced today that its Spectrem Affluent Investor Confidence Index (SAICI)(SM) dropped 3 points in April to 5. The Index measures the investment confidence and outlook of households with $500,000 or more in net worth. The downtick ends seven consecutive months of Index gains and reflects renewed caution toward the market and doubts that the economic recovery is taking hold.
The Spectrem Millionaire Investor Confidence Index (SMICI)(SM) dipped two points to 8.
"Affluent investors took a step back in April," George H. Walper, Jr., President of Spectrem Group, noted. "There was a significant decrease this month in the number who invested in stocks, and an increase in the number who chose not to invest. We also saw a downturn in confidence in the economy."
Additional insights from the indexes are available on Spectrem's Millionaire Corner website (www.millionairecorner.com). These include:
On their homefront, Affluent investors expressed increased confidence over last month in their household income and assets, two components in the Spectrem Affluent Household Outlook, which measures attitudes toward financial issues that impact their daily lives. They also noted that stock market conditions are the primary factor most affecting their investment plans.
The Spectrem Affluent Investor Confidence Index (SAICI)(SM) 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)(SM) is based on a subset of the overall survey group.
About Spectrem Group
Spectrem Group is a strategic consulting firm specializing in the affluent and retirement markets, integrating proprietary research with expertise in building business, marketing and M&A strategies.
About Spectrem's Millionaire Corner
Spectrem's Millionaire Corner website (www.millionairecorner.com) is a powerful source for up-to-the-minute news and information for investors and offers investors the ability to search for a financial advisor.
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