US Bank survey says high net worth investors are still in the stock market

A recent survey by U.S. Bank shows that millionaire investors are still highly engaged in the stock market, despite choppy economic headwinds.

The Private Client Reserve of U.S. Bank Millionaire Investor Insights Annual Survey, which looks at investment attitudes, behaviors, risk profile and strategies of millionaire investors, was conducted between September 27 and October 15 among 1,609 U.S. households with investable assets of $1 million or more.

Forty-three percent of those surveyed are currently engaged to moderate or heavy buying or selling of stocks, while 49 percent say they are still waiting for the right time to buy or sell.

The majority – 90 percent – said their investments have performed better or the same as other investors since the beginning of 2008, while a small percentage – 20 percent – who lost value in their investments since 2008 said they have already seen their investments return to pre-2008 levels.

Nearly all respondents said their investments lost value during the recession, very few have removed their investments from the stock market. Seventy-two percent of those surveyed said that the U.S. stock market performance has had a major to moderate impact on their investment strategies.

"The vast majority of millionaire investors have persevered and remained in the market despite the recession, a fragile recovery and continued market volatility," said Mark Jordahl, president of U.S. Bank Wealth Management Group. "They haven’t overreacted. They’ve maintained a balanced approach to risk and its potential rewards, and while they are guardedly optimistic about the U.S. economy for 2011 and achieving their short-term investment goals(1), they say they are confident about achieving their long-term investment goals over the next six to ten years."


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