The Bipolarity of the Investor Class

Affluent investors both hate the market and can’t stop throwing money at.

There’s a new survey out from Phoenix Marketing International Global Wealth Monitor that captures this classic textbook-worthy sentiment/action divergence.

From Investment News:

Mass-affluent investors — those with between $250,000 and $1 million in investible assets — view the economy negatively with 52% extremely or mostly pessimistic, versus 42% who are optimistic. The dreary sentiment has trended slightly worse since last autumn…

The percentage of the mass-affluent investors who plan to add to their investment portfolios has risen steadily from 20% last July to 33% at the end of April when the latest bimonthly survey was circulated. Just 7% plan to decrease their investments, while 59% plan to make no change.

If this isn’t a perfect encapsulation of this economic moment, I don’t know what is.

Source:

Millionaires, mass affluent bemoan markets but double down anyway