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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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Thursday, 23 January 2020

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How low can loans go? Big bank drops rates

By Cameron Micallef and Hannah Dowling · September 25 2019

Reading:

Borrow

How low can loans go? Big bank drops rates

By Cameron Micallef and Hannah Dowling
September 25 2019

Reading:

How low can loans go? Big bank drops rates

By Cameron Micallef and Hannah Dowling · September 25 2019

Reading:

Another of the big four banks has announced a new lowering of its loan rates, with a reduction of up to 90 basis points for both owner-occupiers and investors on new and existing loans.

The Commonwealth Bank of Australia (CBA) has updated its New Wealth Package fixed rate for owner-occupied and investment home loans, with both new and existing customers getting a discount starting Tuesday, 24 September.

Interest-only loans

The largest rate drop is for owner-occupiers with interest-only home loans on a five-year fixed rate, who will see rates drop by 90 basis points to 3.99 per cent, as will investors with an interest-only home loans on a four-year fixed rate.

Owner-occupiers with interest-only mortgages on one-year and four-year fixed rates will see rates drop by 65 basis points (to 3.89 per cent and 3.99 per cent, respectively), while those with a three-year fixed rate will see their new rate start from 3.79 per cent, a 10 basis point reduction.

Principal and interest loans

Other sizeable rate drops include investors with a four-year fixed rate on principal and interest loan repayments, who will see their interest rates fall by 75 basis points to 3.64 per cent.

Owner-occupiers with a P&I home loan that is on a one-year fixed rate term will see a range change of 60 basis points, dropping the new rate to 3.29 per cent. Those with a four-year fixed rate will also see their rates drop by the same amount, bringing the new rate to 3.49 per cent.

Other ADIs follow

Alongside CBA, ME has also announced reductions of up to 49 basis points across its variable home loan products for investors.

The bank cut rates for investors on both principal and interest and interest-only loans with a loan-to-value ratio of less than, or equal to, 80 per cent.

The changes have been applied to the “flexible home loan member package” for investors as well as the “basic home loan” investor product, with all changes effective as of Tuesday, 24 September 2019.

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About the author

Cameron Micallef and Hannah Dowling

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.