CHICAGO, IL--(Marketwire - January 27, 2010) - Spectrem Group (
www.spectrem.com) announced
today that its Spectrem Millionaire Investor Confidence Index (SMICI (SM))
advanced 1 point in January to -9.
This represents the millionaire index's sixth-straight neutral reading and
follows a 6-point decline in December.
Meanwhile, the Spectrem Affluent Investor Confidence Index (SAICI (SM)),
which measures the investment confidence and outlook of households with
$500,000 or more in investable assets, rose 2 points in January to -13.
This mildly bearish reading follows a 5-point decline in December 2009.
"The nation's wealthiest investors saw their investment confidence improve
modestly in January, as millionaires retained their neutral stance and the
broader affluent population remained mildly bearish. With concerns about
the economy and stock market still top-of-mind, these investors have begun
the New Year with the same cautious mindset they demonstrated throughout
2009," said George H. Walper, Jr., President of Spectrem Group.
In response to an open-ended question about the one factor most affecting
their investment plans, affluent investors in January cited: stock market
conditions (22%); the economic environment (20%); retirement (8%);
household cash flow (7%); the political climate (4%); and household income
(4%). Those choosing stock market conditions fell from 27% in October
2009, the last time this question was asked, while those choosing the
economic environment fell from 22%.
Millionaires expressed more concern than the affluent about both stock
market conditions (27%) and the economic environment (21%).
Historical Performance
August September October November December January
Spectrem Affluent
Investor Confidence
Index(SM) -18 -13 -15 -10 -15 -13
Spectrem Millionaire
Investor Confidence
Index(SM) -10 -5 -7 -4 -10 -9
Methodology
The Spectrem Affluent Investor Confidence Index (SAICI (SM)) is based on 250
monthly interviews with the financial decision-makers in households with
$500,000 or more in investable assets. The data have 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.
Contact Information: Contact:
George Walper
(312) 454-3320
gwalper@spectrem.com