Affluent Investor Confidence On Rise

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    Lower volatility helped drive the Spectrem Investor Confidence indices higher in February, says a report by Spectrem Group. The Spectrem Millionaire Investor Confidence Index (SMICI) rose five points to two, and the Spectrem Affluent Investor Confidence Index (SAICI) edged upward one point to -3. For the first time this year, the indices have registered a decline in the number of affluent investors indicating they intend to remain on the investment sidelines, finds the report. “While lower market volatility has begun to translate into increased confidence among affluent investors, wealthy investors still have significant concerns about the stability and direction of the U.S. economy,” says George H. Walper, Jr., president of Spectrem. “The good news is that fewer investors say they intend to stay on the investing sidelines, a bullish indicator.”