Millionaire Investor Confidence Drops

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    The ‘Spectrem Millionaire Investor Confidence Index’ fell six points in January to 10, a three-month low, says Spectrem Group. The ‘Spectrem Affluent Investor Confidence Index’ dropped four points to seven. The investor confidence index surveys households with more than $1 million of investable assets and the affluent investor confidence index surveys households with $500,000 investable assets. The investor confidence index is down seven points from the same period last year, while the affluent investor confidence index is unchanged. The drop in the January indices is a reflection of concern over recent stock market volatility, says Spectrum Group. Following the recent market swings, these investors are indicating that in the coming month they will be investing more in bond mutual funds and cash, and less in equities.