Following Record High, Spectrem Affluent Investor Confidence Index (SAICI(R)) Plummets to Nine-Month Low During Government Shutdown
(firmenpresse) - CHICAGO, IL -- (Marketwired) -- 10/29/13 -- The Spectrem Affluent Investor Confidence Index (SAICI®) fell 12 points in October to -4, a nine-month low, Spectrem Group announced today. The Spectrem Millionaire Investor Confidence Index (SMICI®) plummeted 15 points to 8. This is the largest month-to-month drop since April-May 2009.
The monthly indices measure the investment confidence and outlook of households with more than $500,000 in investables and more than $1 million in investables, respectively.
The SAICI had reached an almost 6 1/2-year high in September, while the SMICI surged to a nearly 9 1/2-year high. But the government shutdown and the fractious debt ceiling debate in October eroded these gains. "The drops in the Spectrem indices are a vivid reminder that what happens in Washington D.C. does not stay in D.C.," said George H. Walper, Jr., President of Spectrem Group. "The significant declines are a reflection of the emotional state of mind of the country's wealthiest investors regarding what they perceive to be the direction of the economy and their personal financial situations."
Spectrem's monthly survey of how Affluent investors intend to invest in the coming month found an increasing number plan to wait on the sidelines.
Additional insights from the indices are available on Spectrem's Millionaire Corner website (). These include:
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.
Spectrem Group () strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.
Spectrem's Millionaire Corner website () 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.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 29.10.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 1276941
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
CHICAGO, IL
Phone:
Kategorie:
Investment Services & Trading
Anmerkungen:
Diese Pressemitteilung wurde bisher 61 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Following Record High, Spectrem Affluent Investor Confidence Index (SAICI(R)) Plummets to Nine-Month Low During Government Shutdown
"
steht unter der journalistisch-redaktionellen Verantwortung von
Spectrem Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
