The Spectrem Millionaire Investor Confidence Index advanced one point in January to -9, marking the sixth straight month it has been in neutral territory. It declined six points in December.

The Spectrem Affluent Investor Confidence Index, which measures the investment confidence and outlook of households with $500,000 or more in investable assets, rose two points in January to -13, a mildly bearish reading. This index fell five points in December.

“The nation’s wealthiest investors saw their investment confidence improve modestly in January, as millionaires retained their neutral stance, and the broader affluent population remained mildly bearing,” said George H. Walper, Jr., president of Spectrem Group.

Asked what is most affecting their investment plans, affluent investors first cited the stock market (22%), followed by the economy (20%), retirement (8%), household cash flow (7%), politics (4%) and household income (4%). In October 2009, 27% cited the stock market, and 22% the economy.

In January, millionaires appeared to be more concerned with these two issues, with 27% citing stock market conditions and 21% the economic environment.

Spectrem bases the index on interviews with 250 affluent investors every month and says the data has a margin of error of plus or minus 6.2 percentage points.

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