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Founder of Learn to Trade, Greg Secker’s investment journey began with him working in IT on a trading floor supporting the largest currency trader in London. With no real knowledge of finance and a $5000 gift from his mother, Greg entered the trading game and joins the Nestegg podcast to discuss his journey to success.

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Having previously joined the show to share how he is making a full-time income in only a few hours a week, Greg Morgan also joins host David Stratford to share how Learn to Trade set him on the path toward financial success, and why mindset and positivity is key to success as a trader.

The pair will explain why the current climate is the perfect time to be trading, explain the 5-2-1 rule and why it is so important, and reveal what the best investors are doing to cement their success.

You can keep up to date with what Learn to Trade 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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Commbank sells future as ‘simpler’ at AGM

By Cameron Micallef · October 17 2019

Reading:

Borrow

Commbank sells future as ‘simpler’ at AGM

By Cameron Micallef
October 17 2019

Reading:

Commbank sells future as ‘simpler’ at AGM

By Cameron Micallef · October 17 2019

Reading:

The Commonwealth Bank of Australia has talked all about a “simpler” future for the bank in its annual general meeting, which didn’t leave much room for discussion of the past.

Australia’s largest bank said it will be focusing on a “simpler” future in the wake of the royal commission, which has already seen them embark on a mass sell-off of assets including its life insurance sector, which infamously refused to help sick people.

CEO Matt Comyn did not mention the royal commission at all, while chairman Catherine Livingstone only used the term twice.

“Following on from the final report of the financial services royal commission in February this year, we welcomed the recent release of the government’s implementation roadmap,” Ms Livingstone said.

“We have already taken action on a number of the recommendations of the royal commission to improve outcomes for customers.”

“Importantly, we have pursued a wide-ranging program to improve governance, accountability and risk management, which are fundamental to changing the culture at CBA,” she expressed.

Becoming a simpler bank

In the meeting, the board was quick to highlight its strong economic performance, even with the reputation hit suffered during the first half of the financial year.

“Despite a subdued economy, the bank delivered strong operating results and CBA capital position is unquestionably strong,” Ms Livingstone outlined.

The bank had highlighted key asset sales post-royal commission: It’s already sold its New Zealand life insurance business, Sovereign; its asset management business, Colonial First State Global Asset Management; and its South African business, TymeDigital.

The bank is also in the process of selling its life insurance operations in Australia, China and Indonesia, and has announced it will be exiting Aligned Financial Advice businesses in Australia.

The meeting also saw CBA announced that it would be taking action on climate change, staff domestic violence leave and green mortgages as well as working to eliminate human slavery.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg. 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 leveraging their insights to grow your portfolio.