Although a bear market seems to have settled in, some wealthy investors still see a bull waiting around the corner. According to a Forrester Research survey of 2,500 affluent households in North America, defined as those households with investable assets of at least $1 million, nearly half of North America's affluent (47 percent overall; 48 percent in the U.S. and 42 percent in Canada) believe that the economy is experiencing an â€œeconomic slowdown that will be followed by a return to healthy growth.â€? In fact, Forrester found that 12 percent of North America's affluent expect the bull to regain control of the market within the year. In three years time, a full 59 percent expect to be riding another bull market.
STAVING OFF THE BEAR
While they're not exactly exuberant, 4 in 10 affluent investors still plan to increase their holdings in individual stocks over the next 12 months.
|PERCENT HOLDING||REDUCE||NO CHANGE||INCREASE|
|Base: Affluent consumers||Source: Forrester Research|