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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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Wednesday, 22 January 2020

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More non-majors reduce mortgage rates

By Cameron Micallef · October 04 2019

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Borrow

More non-majors reduce mortgage rates

By Cameron Micallef
October 04 2019

Reading:

More non-majors reduce mortgage rates

By Cameron Micallef · October 04 2019

Reading:

A number of major bank subsidiaries have announced reductions to their variable home loans following Tuesday’s official cash rate cut.

ME Bank, BankWest and UBank are the latest lenders to follow the lead of their parent companies, reducing variable home loan options by 15 to 25 bps.

ME Bank

ME has announced that it will cut variable rates across its mortgage products by 15 bps, short of the full 25 bps reduction.

The changes will apply to both new and existing customers and will take effect from 24 October.

ME revealed that its online savings account interest rate (base and bonus rate) will also be cut by 15 bps, effective 8 October.

“In setting rates, ME has sought to strike a balance between depositors and home loan borrowers, as well as ensuring the pricing of products remains sustainable given the record-low interest rate environment,” the bank noted in a statement.

Bankwest

Meanwhile, Commonwealth Bank’s subsidiary Bankwest has announced that it will reduce variable home loan rates by between 13 and 25 bps, which will mirror the changes made by its parent company.

Bankwest’s rate changes will come into effect on Wednesday, 16 October.

The non-major’s standard variable rates will start from 5 per cent for owner-occupiers and 5.65 per cent for investors.

UBank

NAB subsidiary UBank has also reduced its variable mortgage rates.

Unlike its parent company, UBank has passed on the full 25 bps cut, with its changes to apply to all new and existing customers from 29 October 2019.

From 29 October, UBank’s mortgages rates will start from 3.42 per cent.

ME, Bankwest and UBank’s mortgage rate cuts follow cuts from all of the big four banks and non-bank lenders Athena Home Loans, Homestar Finance and Reduce Home Loans.

The most recent reductions follow treasurer Josh Frydenberg’s condemnation of the major banks for not passing on the full rate cut.

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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.