Spectrem Investment Preferences finds the affluent applying the brakes to new investments for the coming month. Not Investing has turned upwards, and all investment categories have declined, some sharply, except for Real Estate which showed a slight uptick (despite the recent sub-prime mortgage default crisis).
As June’s Dow, S&P, NASDAQ jerked up and down, giving investors vertigo, and market traders wait to divine interest rate movement from the Federal Reserve’s quarter ending statement, the affluent expressed their intention to invest in cash and cash equivalents in the near term.
As July’s Dow, S&P, and NASDAQ continued their rollercoaster gyrations, Spectrem’s Investment Preferences, which reflects affluent investor intentions in the near term, showed affluent investors pulling even further away from the marketplace action, with “Not Investing” up for Millionaires (+9 points), and all other investment preferences down, including stocks, bonds, mutual funds , cash and real estate.
Investment Preferences 
