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Portfolio > Economy & Markets

Affluent Investors Show Little Change in Mood

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CHICAGO (–Spectrem Group announced that its Affluent Investor Index, which measures the investment outlook of households with US$500,000 or more in investable assets, rose slightly in November, although it remains in neutral territory.

Meanwhile, the more exclusive Spectrem Millionaire Index remained on the bullish side in November, at a level identical to October’s, after September’s dip into neutral territory.

“The conclusion of the 2004 presidential election cycle appears to have eliminated significant uncertainty in the minds of affluent investors,” said George H. Walper Jr., president of Spectrem Group, in a statement. “Whether purely political in nature or driven by expectations about the economy’s direction, this is clearly being viewed by these investors as a positive.”

The Spectrem Group is a strategic consulting firm specializing in the affluent and retirement markets .

Its Affluent Investor Index is based on 250, 10-minute telephone interviews each month. The Millionaire Index is based on a subset of that survey group that can vary each month but is typically drawn from more than 100 interviews.

In response to an open-ended question about the news events driving their economic outlook, more than one-third of affluent investors cited the presidential election, and 16% the war in Iraq. Millionaires were twice as focused on the economy as the broader affluent group (14% vs. 7%) but were significantly less influenced by the Iraq war (10% vs.16%).

Also receiving some mentions as reasons for concern: the deficit, increasing oil and gas prices, higher interest rates and stock market conditions.

Contact Bob Keane with questions or comments at: [email protected].


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