Wealthy Investors' Confidence Fell in Two June Surveys

By Ackermann, Matt | American Banker, July 8, 2008 | Go to article overview

Wealthy Investors' Confidence Fell in Two June Surveys


Ackermann, Matt, American Banker


Byline: MATT ACKERMANN

Confidence among affluent and millionaire investors continued to decline last month, according to a pair of surveys.

Spectrem Group's Affluent Investor Index fell four points in June, to minus-17, ending the first half of 2008 at its second-lowest level ever, and the Spectrem Millionaire Investor Index declined three points, to minus-12, returning to mildly bearish territory after climbing five points to a "neutral" rating the month before.

In April the millionaire index had hit a record low - below the Spectrem affluent index for the first time since Spectrem began doing the surveys in February 2004.

June's decline in the affluent index, which measures the investment outlook of households with $500,000 or more of investable assets, leaves it three points above its record low of minus-20, which was recorded in March.

The index remained in mildly bearish territory for a fourth consecutive month.

The millionaire index stands at its third-lowest level since both indexes were introduced. Its record low of minus-14 came in April as investors continued to deal with both the housing and credit crises.

George H. Walper Jr., the president of Spectrem Group, a Chicago consulting firm, said in a press release that the surveys, whose June results were released last week, indicate that wealthy Americans ended the first half of the year "with a mildly bearish stance, as both millionaires and affluent [investors] saw their investment optimism sink a bit further . …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Wealthy Investors' Confidence Fell in Two June Surveys
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.