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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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Borrow

Big 4 bank drops rates

By Cameron Micallef · December 09 2019

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Borrow

Big 4 bank drops rates

By Cameron Micallef
December 09 2019

Reading:

Big 4 bank drops rates

By Cameron Micallef · December 09 2019

Reading:

One of Australia’s big four banks has announced cuts to its variable home loan rates, taking the bank’s basic variable rate to its “lowest level on record”.

The National Australia Bank has announced that it dropped the variable rate across owner-occupied and investment mortgages.

In a statement following the announcement, a spokesperson noted that the changes take the bank’s basic variable rate to its “lowest level on record”.

“We are excited to further strengthen our competitive home loan offering, with these changes showing our ongoing commitment to support customers’ home ownership goals,” a NAB spokesperson said.

Financial expert for Canstar Steve Mickenbecker believes the larger banks are starting to feel the pinch, leading to new customers winning from lower rates.

“It’s not just the small players who are being competitive – it’s the big four as well,” Mr Mickenbecker said.

The bank announced that it will give up front cash payments of $2,000 for new customers and $4,000 for refinances to NAB as a way to attract new business.

“The latest cuts made by NAB are further evidence of the competitiveness of the home loan market at the moment. We’re seeing all-time low rates, and this cut puts NAB’s base variable rate for owner-occupiers in the lowest price quarter of loans,” Mr Mickenbecker explained.

For owner-occupiers:

Loans with an LVR of 80 per cent or less have been reduced by 11 bps and now start from 3.09 per cent
Loans with an LVR of more than 80 per cent have been reduced by 11 bps and now start from 3.29 per cent

Meanwhile, for investors:

Loans with an LVR of 80 per cent or less have been reduced by 11 bps and now start from 3.39 per cent
Loans with an LVR of more than 80 per cent have been reduced by 11 bps and now start from 3.59 per cent

Nestegg reader's also consider on New ANZ rate on home equity loan.

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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.