Affluent investors ended the first half of the year on a sour note, their confidence slipping seven points to negative-12 on the Spectrem Group’s Affluent Investor Confidence Index, but advisors counter that falling confidence is an opportunity rather than a challenge.
The last time affluent investors’ confidence fell so far so fast was in June 2009, when the index dropped by eight points. This June’s drop means investors with between $500,000 and $1 million to invest are feeling bearish.
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