SOURCE: Spectrem Group

April 28, 2010 08:00 ET

Spectrem Millionaire (SMICI (SM)) and Affluent Investor Confidence (SAICI (SM)) Indexes Rise to Highest Levels Since December 2007

Millionaire Index Advances 5 Points in April to -1; Affluent Index Up 3 Points to -9

CHICAGO, IL--(Marketwire - April 28, 2010) -  Spectrem Group (www.spectrem.com) announced today that its Spectrem Millionaire Investor Confidence Index (SMICI SM) advanced 5 points in April to -1.

This brings the millionaire index to its highest level since December 2007, when it stood at 8, and represents its ninth-straight neutral reading.

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 3 points in April to -9. This neutral reading is likewise the index's highest since December 2007, when it stood at zero.

"Millionaires and the broader affluent population were both more optimistic about the investment environment in April than at any time since December 2007. The Dow Jones Industrials surpassing the 11,000 mark was clearly a positive for the nation's wealthiest investors. However, the outlook of both groups remains neutral with some lingering uncertainty about the economy -- specifically, unemployment levels," 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 April cited: stock market conditions (21%); the economic environment (16%); household cash flow (8%); household income (7%); retirement (7%) and the political climate (4%). Those choosing stock market conditions fell from 22% in January 2010, the last time this question was asked, and those citing the economy fell from 20%.

Millionaires were slightly more focused on the economy (21%) than the affluent but less focused on stock market conditions (20%).

Historical Performance

  November December January February March April
Spectrem Affluent Investor Confidence IndexSM -10 -15 -13 -10 -12 -9
Spectrem Millionaire Investor Confidence IndexSM -4 -10 -9 -10 -6 -1

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.  

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