The economic events over the past year have forced US investors to make changes to their financial plans.
Over 50% of the Mass Affluent indicate their short term and long term financial plans have been seriously impacted by the events of the past year. The economic crisis has caused Mass Affluent investors to become much more conservative today than they were one year ago.
Affluent household confidence levels dropped slightly in October indicating that investors are still nervous about the future. The Spectrem Affluent Investor Confidence Index (SAICI) dropped from -13 to -15. (Affluent investors are defined as those with $500,000 of investable assets). This rating is still in bearish territory based upon the overall Index scoring. Millionaires were similarly doubtful with the Spectrem Millionaire Investor Confidence Index (SMICI) dropping from -5 to -7. While Millionaire households are traditionally more positive than the Affluent, this rating is still in Neutral territory. The Indices have not been in bullish territory since May 2007. Millionaires were Mildly Bullish in October of 2007.
The economic crisis experienced globally in the Fall of 2008 will have an impact on the behaviors and attitudes of investors that will forever change the way individuals invest, utilize advisors and rely upon financial services organizations. This economic downturn has been a significant and life altering experience for many Americans, and the impact this crisis may have on households across the country can probably be classified as stunning. Baby Boomers, especially those with between 5-10 years to retirement, are befuddled and will soon begin to panic.
Part of the American dream is to be your own boss, own your own business and answer to no one. Owning your own business can be a way to invest in innovative enterprise, one of the cornerstones of long term wealth attainment. If that isn’t in the cards for you, take a look around at other innovative enterprise opportunities.
Eleazar Ford always lived something of a charmed life. He was the second of two children of working class parents, and the only boy. Because of his gender, his parents decided to send him to college instead of his elder sister, despite the fact that they both made good grade in high school and both wanted to go to college.
Main Menu
| Millionaire Profiles |
| Millionaire Indices |
| Affluent Investing |
| Millionaire Lifestyles |
| Innovative Enterprise |
Member Login
twitter updates
twitter feed
|
Millionaire Corner Newsfeed
