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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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Employment records first drop in 3 years

By Cameron Micallef · November 15 2019

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Earn

Employment records first drop in 3 years

By Cameron Micallef
November 15 2019

Reading:

Employment records first drop in 3 years

By Cameron Micallef · November 15 2019

Reading:

The Australian Bureau of Statistics has revealed the first major fall in employment in three years, which should be of concern considering the RBA’s recent assessments of the national economy.

Having previously noted that the Australian economy has reached a gentle turning point, yesterday’s announcement of a decrease in Australia’s workforce by 19,000 might indicate that the economy is still spluttering.

The official unemployment rate is now sitting at 5.3 per cent.

It’s a long way from the 4.5 per cent unemployment rate the central bank has noted as its employment target.

Economist Stephen Koukoulas indicated that previous inaction from the central bank led to today’s announcement.

In a tweet, he said “there is no doubt that the RBA’s failure to cut interest rates in early 2018 and over the following 12 months is costing jobs now in late 2019”.

The monthly trend underemployment rate remained steady at 8.5 per cent in October 2019, an increase of 0.2 percentage points over the past year.

The trend monthly underutilisation rate also remained steady at 13.8 per cent in October 2019, an increase of 0.4 percentage points over the past year.

The seasonally adjusted participation rate decreased by 0.1 percentage points to 66.0 per cent.

ABS chief economist Bruce Hockman said “trend unemployment in October 2019 remained steady at 5.3 per cent, 0.2 percentage points higher than the same time last year”.

“The increase in the unemployment rate over the past year has coincided with a 0.5 percentage point increase in the participation rate, from 65.6 per cent to 66.1 per cent,” he continued.

Also weighing in on the figures was AMP Capital’s head of investment strategy and chief economist, Dr Shane Oliver, who highlighted that the Australian labour market is falling compared with its peers.

“Labour market underutilisation [in Australia] at 13.8 per cent and trending up again, US is at 7 per cent, clearly Australia is a long way from full employment,” Dr Oliver said.

The underwhelming figure led to a reduction in the Australian dollar, which dropped to just US68¢ Thursday afternoon.

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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.