Millionaire Confidence Index Rises

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    For the first time in 2016, the April ‘Spectrem Millionaire Investor Confidence Index (SMICI)’ reached a level higher than it was during the same period a year ago, says Spectrem Group. The SMICI rose six points in April to 11, a four-month high and a one-point gain over its April 2015 level. The ‘Spectrem Affluent Investor Confidence Index (SAICI)’ also increased in April, up one point to four, matching its April 2015 level. “April marked the second consecutive month in which confidence among millionaire investors was up, with more indicating plans to invest in equities in the coming month,” says George H. Walper, Jr., president of Spectrem. “The last time the SMICI posted a higher year-over-year reading was in August 2015.” The April indices show affluent investors are currently more focused on stock market conditions and the economic environment than the political climate in making decisions about investing.