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According to chief market strategist at CMC Markets and host of The Artful Trader podcast Michael McCarthy, there are certain investor personality traits that seem to predict success in the share market.

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In this episode of the nestegg Podcast, Michael joins host Grace Ormsby to outline exactly what these characteristics are, the difference between high-risk and low-risk appetites, and how investors can apply different strategies depending on their own personality type.

Michael also explains how fear can be both helpful and a hindrance for confident decision-making, why failure is a crucial process for investors seeking growth, and where budding investors can begin educating themselves about the markets.

Thanks Matthew, for sharing your insights with the nestegg podcast team!

You can keep up to date with what CMC Markets are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Wednesday, 22 January 2020

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Borrow

$201bn cost of misconduct

By Cameron Micallef · August 19 2019

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Borrow

$201bn cost of misconduct

By Cameron Micallef
August 19 2019

Reading:

$201bn cost of misconduct

By Cameron Micallef · August 19 2019

Reading:

More than half of Australia's population has been negatively affected by misconduct and other financial service provider issues, new research has found.

In light of findings from the banking royal commission, a study by the University of Melbourne has estimated that the total losses from misconduct has been $201 billion over five years.

This figure is based on an average cost to each person affected of $20,473, despite the median cost to each person surveyed sitting at $1,000.

The study’s co-author, the Faculty of Business and Economics’ Carsten Murawski, said many Australians had lost trust in financial institutions as a result of the commission, which was continuing to hold them back from improving their financial situation.

The professor then noted that “about two-thirds of Australians face some level of financial vulnerability and stress”, with financial concerns now the number one concern among young people.

Calls for reform

Professor Murawski’s co-author and Melbourne Law School’s director of banking and finance law, Andrew Godwin, said regulation reform will be a vital step in improving financial outcomes for Australians, echoing the recommendations of the financial services royal commission.

“We need to reduce the complexity of regulation and be clearer about the standards we expect from people working in the finance community by tying regulation more closely to outcomes,” he explained.

The associate professor commented that “financial service providers should be subject to a duty to consider financial wellbeing in performing their functions and services”.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.