Rich stay upbeat on markets

Wealthy investors remained bullish on the stock market during July, according to Citi Smith Barney’s monthly survey.

Wealthy investors remained bullish on the stock market during July, according to Citi Smith Barney’s monthly survey.
Seven out of 10 of these investors say that it’s a good time to invest in the market, marking three continuous months of respondent optimism toward the stock market.
About a third of investors expect higher returns over the next year.
Nearly half of those with more than $1 million in assets said that the current investment climate is better than it was a year ago, according to the wealth manager’s “Working Wealth Investor Poll.”
Optimism also extended to investors with less than a million in investible assets.
Seventy-five percent expect the investment climate to be the same or even better in a year.
Two-thirds of the respondents said that smart investors have at least some of their money in international investments.
Still, a number of issues keep investors up at night: The top three concerns were the federal budget deficit, healthcare and energy costs.
Some 47% of millionaire investors say that they’re much more concerned about the deficit this month.