CHICAGO, IL--(Marketwired - Apr 29, 2014) - For the first time in a year, the Spectrem Millionaire Investor Confidence Index (SMICI®) and the Spectrem Affluent Investor Confidence Index (SAICI®) were on divergent tracks in April, Spectrem Group announced today. The Millionaire Investor Confidence Index increased 2 points to 11, while the Affluent Investor Confidence Index fell 4 points to 3.
The indices measure the investment confidence of households with more than $500,000 of investable assets and more than $1 million of investable assets, respectively.
The April Millionaire Investor Confidence Index is up 3 points over the same period last year and has posted consecutive gains the past two months. The Affluent Investor Confidence Index has see-sawed each month since July 2013. Year-to-year from April 2013 it is up only 1 point.
"The divergent tracks in the Spectrem indices in April reflect the wavering investment mindset of non-Millionaires," said George H. Walper, Jr., president of Spectrem Group. "Unlike Millionaire investors, who are generally more confident in their financial and economic outlooks, non-Millionaire investors are more on-edge over market fluctuations or global events such as increased tensions in Ukraine as seen this month."
Additional insights from the indices are available on Spectrem's Millionaire Corner website (www.millionairecorner.com):
Millionaire, Non-Millionaire Investor Confidence on Divergent Tracks in April
| December, 2013 | January, 2014 | February, 2014 | March, 2014 | April, 2014 | ||||||
| Spectrem Affluent Investor Confidence Index® | -1 |
7 |
-2 |
7 |
3 |
|||||
| Spectrem Millionaire Investor Confidence Index® | 4 |
17 |
5 |
9 |
11 |
|||||
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 (www.spectrem.com) strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.
About Millionaire Corner: Spectrem's Millionaire Corner website (www.millionairecorner.com) provides information for investors about investors. With its Find an Advisor service, investors are able to search for financial and investment advisors to assist in growing their wealth.