Wealthy Investors More Confident, But Still Cautious, Survey Finds

The Spectrem Millionaire Investor Confidence Index advanced 5 points in April to negative 1, the highest level since December 2007, when it stood at 8.

The broader survey of affluent investors, those with $500,000 or more in investable assets, rose 3 points in April to negative 9. This neutral reading is also the index’s highest since December 2007, when it stood at zero.

“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 a press release.