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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, 27 February 2020

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Car loans uptake ‘mind-blowing’ among Australian investors

By Stephanie Aikins · January 24 2019

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Borrow

Car loans uptake ‘mind-blowing’ among Australian investors

By Stephanie Aikins
January 24 2019

Reading:

Car loans uptake ‘mind-blowing’ among Australian investors

By Stephanie Aikins · January 24 2019

Reading:

Aussies borrowed billions of dollars to purchase new cars in 2018, with total loan interest repayments predicted to be over $500 million this year.

Finder’s latest analysis of ABS data has found that Australians borrowed $8.1 billion in car loans last year.

According to the market researchers, 1,175,908 new cars were sold in the 12 months to November 2018, with 19 per cent attached to car loans.

With the average new car loan interest rate close to 6.3 per cent and the average financed car purchased for $36,139, this means that an estimated $513 million will be paid in car loan interest in 2019.

Graham Cook, insights manager at Finder, said the figures suggest a new car is bought in Australia every 27 seconds and a car loan is taken out every 2.5 minutes.

“It’s mind-blowing to think that more than $1.4 million in interest is paid back on these new cars every single day. That’s around the same value as 39 new cars,” he said.

He recommended Australians conduct thorough research before taking out a loan, to assess whether the terms are right for them.

“Learn about the car loan rates available online before you go to buy, and remember that in all financing matters, knowledge is power – use it to improve your personal situation,” he said.

He said Australians interested in taking out a car loan should understand that a cheaper interest rate does not necessarily equate to a better deal.

“It is possible for the cheaper rate to cost you more if the upfront or monthly fees are higher,” he said.

He advised that prospective borrowers consider looking into the range of interest rates available on the market, negotiating with their preferred lender and/or borrowing less if they are certain about adopting a car loan.