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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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Borrow

How the cash rate hold can still save you thousands

By Cameron Micallef · November 06 2019

Reading:

Borrow

How the cash rate hold can still save you thousands

By Cameron Micallef
November 06 2019

Reading:

How the cash rate hold can still save you thousands

By Cameron Micallef · November 06 2019

Reading:

While yesterday’s cash rate announcement won’t have an impact on mortgage rates, borrowers are still around $34,602 better off based on past cuts, according to new research.

Canstar data has shown borrowers who have received part of previous rate cuts will still save thousands of dollars from the previous credit reductions.

As a result, Canstar’s Effie Zahos has advised mortgage-holders that they should look to change their rates if they haven’t received the full value of previous cuts.

“Borrowers who have had their loan for three years or more and have not renegotiated a better rate with their lender are likely on an interest rate of around 4.04 per cent,” she stated.

“These home owners could be paying up to 1.35 per cent more than they need to be given the lowest variable rate today is 2.64 per cent.”

For borrowers who received 0.59 per cent of the 75 basis point reduction so far, they will have a rate that has been reduced from 4.41 per cent to 3.82 per cent.

Such a reduction means that the average borrower will be in a position to pay off their home loan four years and two months earlier than they would have otherwise.

“Borrowers maintaining their home loan repayments on pre-cut levels in a period of falling interest rates and in a record-low interest rate environment is the right combination to see home owners get ahead,” Ms Zahos outlined.

She said that borrowers can be taking advantage of favourable market conditions, including low credit rates.

She said some mortgage-holders are already catching on, “preparing for potential tougher times ahead and building a financial buffer”.

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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.