CHICAGO, IL--(Marketwire - Sep 26, 2012) - Spectrem Group announced today that its Spectrem Millionaire Investor Confidence Index (SMICI®) gained 9 points to 1, a three-month high. The Spectrem Affluent Investor Confidence Index (SAICI®) gained two points to
-8. The Index measures the investment confidence and outlook of households with $500,000 or more in net worth.
"Our monthly Affluent surveys yielded mixed results in September," observed George H. Walper, Jr., President of Spectrem Group. "Millionaire investors moved away from cash investments toward stocks, but in Non-Millionaire households, caution continued to compel them to stay on the sidelines. Non-Millionaires, too, have heightened concerns about the economy, which held down the Spectrem Affluent Household Outlook, which was basically unchanged from August."
When asked what is the biggest threat to achieving their current financial goals, Affluent investors said the economy and the partisan political climate, which they believe is impeding the progress of the economic recovery.
Additional insights from the indexes are available on Spectrem's Millionaire Corner website (www.millionairecorner.com). These include:
· Millionaire Investor Confidence on the Rise
· Cash Investment Down in Affluent Households
Index Historical Performance
| May, 2012 | June, 2012 | July, 2012 | August, 2012 | September, 2012 | ||||||
| Spectrem Affluent Investor Confidence Index® | -5 |
-4 |
-10 |
-10 |
-8 |
|||||
| Spectrem Millionaire Investor Confidence Index® | 3 |
1 |
-7 |
-8 |
1 |
Methodology
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 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.