The Spectrem Group said Wednesday that its Spectrem Millionaire Investor Confidence Index rose 7 points in December to end the year at 7. This brings the index to its highest level since December 2007, when it stood at 8, and keeps it in neutral territory.
The index hit -18 in August, but improved to 0 in October and November.
In addition, the Spectrem Affluent Investor Confidence Index, which measures the investment confidence and outlook of households with $500,000 or more in investable assets, remained unchanged at –8, also a neutral reading.
“Millionaires posted a strong increase in investment confidence in December, bringing 2010 to a close at their highest level in three years. Meanwhile, the broader affluent population’s confidence remained unchanged,” said George Walper Jr., president of the Chicago-based organization, in a press release.