SOURCE: Spectrem Group

Spectrem Group

October 01, 2015 08:00 ET

Increased Market Volatility Shakes Confidence of Millionaire Investors; Nearly Half Indicate They Do Not Intend to Invest in the Coming Month

Spectrem Affluent Investor Confidence Index (SAICI®) Registers Second Consecutive Monthly Decline

CHICAGO, IL--(Marketwired - Oct 1, 2015) - A new survey from Spectrem Group found that Millionaire investors -- generally more upbeat than their non-Millionaire counterparts -- have become uncharacteristically cautious and wary about the markets in the past few weeks. In fact, nearly half (48 percent) of Millionaires said they do not intend to invest in the coming month.

Increased market volatility and a more pessimistic household outlook also drove a three-point decline in the September Spectrem Affluent Investor Confidence Index (SAICI®) to 6. During the same period, the Spectrem Millionaire Investor Confidence Index (SMICI®) declined 3 points to 14. Both readings are three-month lows.

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 the 16MM households in America with more than $500,000 of investable assets (SAICI), and those with $1MM or more (SMICI). This month's survey was fielded between Sept. 17th and September 23rd.

"Affluent investors continue to be concerned about market volatility and consider it to be the most serious threat to achieving their household's financial goals," noted George Walper, Jr., president of Spectrem Group. "But in September, Millionaire investors also began to express uncharacteristic caution about the overall investing environment. In addition to troubling indicators on the domestic and global economic fronts, Millionaire investors indicate growing concern over their household assets and income."

Charts, deeper analysis of the Index and methodology are available upon request. Additional insights include:

Spectrem Affluent Investor Confidence Index® 8 6 11 9
Spectrem Millionaire Investor Confidence Index® 15




Index range: -31 to -51, Bearish; -11 to -30, Mildly Bearish; 10 to -10, Neutral; 11 to 30, Mildly Bullish; 31 to 51, Bullish.

About Spectrem Group: Spectrem Group ( strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.

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