High-net-worth investors still have faith in economy. (Marketplace Life/Health).Terrorism on Sept. 11 did not rattle America's high-net-worth investors, who are hopeful about the future of the economy, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the 2001 Phoenix Wealth Management Survey. According to a follow-up follow-up, n the process of monitoring the progress of a patient after a period of active treatment. follow-up subsequent. follow-up plan survey conducted in September 2001, 69% of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. remained optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op , and 77% said they were still comfortable with their investment choices after the terrorism. The original annual survey, commissioned by Phoenix Cos., Hartford, Conn., and conducted by Harris Interactive Harris Interactive (NASDAQ: HPOL) is an American market research company that specializes in public opinion research using both telephone and surveys on online panels. The company is the product of a 1996 merger between the Gordon S. Black Company and Louis Harris & Associates. , was completed in June. Nearly a quarter of respondents, however, said they would rely more on professional advisers than they did a year earlier. Eight percent of respondents shifted their thinking after Sept. 11 on the use of professional advisers. Some 16% said in June they would rely more on advisers, while 24% of those who responded in September said they would rely on an adviser. Nearly one-third will continue to rely on their own knowledge and feelings. A significant number, about 28%, said post-Sept. 11 they would delay buying big-ticket items big-ticket item Managed care A popular term for an expensive therapeutic or diagnostic procedure , such as an expensive vacation or a major home improvement. In June, only 19% planned to hold off on purchases. Significantly, 18% in September planned to reallocate Verb 1. reallocate - allocate, distribute, or apportion anew; "Congressional seats are reapportioned on the basis of census data" reapportion allocate, apportion - distribute according to a plan or set apart for a special purpose; "I am allocating a loaf of their investments for decreased risk vs. 30% in June. The survey consisted of more than 1,000 online interviews in June. Questioned were individuals with a household net worth of $1 million or more, minus any debt and exclusive of primary residence. The follow-up survey, conducted Sept. 26 to Oct. 3, was a sampling of the original respondents. Optimism Prevails High-net-worth individuals (*) in the United States remain optimistic about the economy, even after the terrorist activity. say the worst is over, but we will 52% come out of it slowly say the worst is yet to come and 32% then we will come out of it say the worst is over and we are 9% already coming out of it feel we will remain in an 5% economic downturn have no opinion 2% (*)Individuals surveyed have a household net worth of $1 million or more, minus any debt and exclusive of primary residence. Source: 2001 Phoenix Wealth-Management Survey Note: Table made from pie chart |
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion