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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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RBA to maintain 2 per cent inflation aim

By Cameron Micallef · November 05 2019

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Borrow

RBA to maintain 2 per cent inflation aim

By Cameron Micallef
November 05 2019

Reading:

RBA to maintain 2 per cent inflation aim

By Cameron Micallef · November 05 2019

Reading:

The national inflation target of 2 to 3 per cent will stay the same, after “careful consideration” by the Treasurer.

Treasurer Josh Frydenberg has announced that he will leave unchanged the official agreement between the government and the Reserve Bank of Australia (RBA).

The move will keep the RBA’s inflation target at 2 to 3 per cent, which will have the effect of easing pressure to cut interest rates and giving the central bank more time to react.

Commenting on his decision, the Treasurer said Australia is not isolated in its experience of low growth.

Alongside the rest of the developed world, Australia is experiencing an “extended period of low inflation, low unemployment and low interest rates”, Mr Frydenberg said.

The Treasurer indicated that he expects the inflation rate to improve over a longer time horizon, despite the Reserve Bank missing its target for 15 months.

“Indeed over the medium term, inflation is expected to return to the band consistent with the statement,” Mr Frydenberg said.

The target, unchanged since the 1990s, has consistently undershot in recent years, prompting calls from the central bank to lower the target.

However, Mr Frydenberg has indicated that it was strong monetary policy that has maintained stability for Australian businesses and the economy at large during periods of uncertainty.

“Domestic and global markets can be reassured that Australia remains a stable and predictable place to invest and do business, with a proven and effective monetary policy framework,” Mr Frydenberg said.

The current Statement on the Conduct of Monetary Policy, as agreed between the central bank and the government, was established in 1996.

It has been updated six times since then.

The framework sets out the objective of monetary policy, including the mechanisms for ensuring transparency, accountability and the independence of the Reserve Bank.

The creator of the original agreement and framework, former treasurer Peter Costello, has recently weighed in on the operation of monetary policy in 2019.

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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.