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Investment Preference -Stock Mutual Funds Take a Dive |
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Confidence in the broad market is at a low ebb as the affluent move dramatically out of Stock Mutual Funds. Stocks, which only fell slightly, are more about individual “bargains” or opportunities than Stock Mutual Funds and the affluent may still be seeking opportunities there. Millionaires are taking advantage of the low prices of stocks, in particular.
 Not Investing rose this month as the volatility of the market overall scared many away. Not investing is much lower for Millionaires and Stocks and Stock Mutual Funds are much higher. Cash investing was down slightly, as was Bond Mutual Funds while Bonds rose to the highest point this year. The good news is that they affluent are not panicking and pulling out completely. They are looking for deals, being cautious, and waiting out the current instability 
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Investment Preferences 
