Spectrem Affluent Investor Index Nears 5-Year High

MSNBC -- "The Spectrem Group announced last week that its Spectrem Affluent Investor Confidence Index jumped 10 points in March to 5, the highest level in nearly five years (yellow line in graph above). The Index measures the investment confidence and outlook of households with $500,000 or more in investable assets. This is the seventh consecutive month that the Index has posted a gain. 

The Spectrem Millionaire Investor Confidence Index gained six points to 10, the highest reading in just over a year (blue line above). In both Millionaire and Non-Millionaire households, there was a shift toward investing in equities, signaling stronger engagement in the market."

According to Spectrem, "The rise in both indexes is a reflection of a strong market performance in the last few months, which has buoyed investor confidence despite continuing concern with other issues, such as the economy."