Wealthy investors buck up

Confidence among affluent and millionaire investors rebounded slightly in February, following a record slump in January.

Confidence among affluent and millionaire investors rebounded slightly in February, following a record loss in January.
The Spectrem Affluent Investor Index, which measures the confidence of investors with $500,000 or more in investable assets, added 3 points in February to reach a reading of -10, returning to neutral territory.
The increase follows January’s 13-point drop, which marked the index’s largest one-month decline and dropped it into mildly bearish territory for the first time since the index’s inception in February 2004 (InvestmentNews, Feb. 6) .
Meanwhile, the Spectrem Millionaire Investor Index added a point in February to climb to a reading of -5.
That gain, which keeps the index in neutral territory, follows a 14-point decline in January that dropped it to a record low of -6.
The affluent and millionaire investors alike cited the housing and real estate market and the political climate as their greatest concerns.
The indexes are put out on a monthly basis by The Spectrem Group of Chicago.