(wire)
Spectrem: Affluent investors more conservative
More high-net-worth and ultra-high-net-worth investors considered themselves "conservative" last year as compared to a year earlier, according to a survey released Thursday.
Spectrem Group said in its "Ultra High Net Worth Investor 2009" that the percentage of U.S. households with a net worth of $5 million to $25 million that describe themselves as "conservative" investors increased fivefold in 2009 to 27 percent, up from 5 percent a year earlier. The report is based on a survey of 523 households conducted in November.
A second report, "Millionaire Investor 2009" that is based on a survey of 1,089 households with a net worth of $1 million to $5 million, said that households in this category that describe themselves as "conservative" grew to 28 percent, up from 12 percent a year earlier.
Meanwhile, the number of investors that consider themselves "aggressive" tumbled, down to 13 percent for the ultra-wealthy and 12 percent for the $1 million-to-$5 million group, with only 3 percent of high-net-worth investors listing themselves as "most aggressive" and 2 percent of $1 million-to-$5 million investors.
Spectrem Group said in its "Ultra High Net Worth Investor 2009" that the percentage of U.S. households with a net worth of $5 million to $25 million that describe themselves as "conservative" investors increased fivefold in 2009 to 27 percent, up from 5 percent a year earlier. The report is based on a survey of 523 households conducted in November.
A second report, "Millionaire Investor 2009" that is based on a survey of 1,089 households with a net worth of $1 million to $5 million, said that households in this category that describe themselves as "conservative" grew to 28 percent, up from 12 percent a year earlier.
Meanwhile, the number of investors that consider themselves "aggressive" tumbled, down to 13 percent for the ultra-wealthy and 12 percent for the $1 million-to-$5 million group, with only 3 percent of high-net-worth investors listing themselves as "most aggressive" and 2 percent of $1 million-to-$5 million investors.
