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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, 29 January 2020

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What’s it like living on Newstart?

By Cameron Micallef · November 29 2019

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Earn

What’s it like living on Newstart?

By Cameron Micallef
November 29 2019

Reading:

What’s it like living on Newstart?

By Cameron Micallef · November 29 2019

Reading:

Skipping meals, living in cars and a lack of access to essential medical services are all common experiences for youth on Newstart, new research has revealed.

According to the latest Australian Council of Social Service survey, after paying their rent, 60 per cent of respondents have less than $14 a day.

Newstart provides recipients with $280 a week, while Youth Allowance for single without children is $225.10 a week.

Co-founder of Young Org Cat Nadel believes living a normal healthy life is impossible on these lower wages.

“Newstart and Youth Allowance is supposed to be a safety net that allows us to focus on our studies or on finding paid work. Instead, it is holding us in poverty,” she explained.

The report found that, to get by, over half of respondents couch-surf or use other unstable forms of accommodation.

More than nine in 10 have reported skipping meals as a way to save money, while one in three has withdrawn from studies due to a lack of funds.

In addition, 73 per cent of participants said they struggled accessing essential services, such as filling prescriptions, or seeing much-needed specialists. Meanwhile, 74 per cent of participants said it had been over a year since they saw a dentist.

“We are hearing stories of young people skipping their antidepressants and birth control because they can’t afford it on Youth Allowance,” Ms Nadel said.

One respondent, a 19-year-old on Youth Allowance, said: “I am currently on a waiting list to have all four of my wisdom teeth removed via surgery as they were causing an immense amount of pain. The medication prescribed for this was very expensive, but the surgery itself exceeded $4,000. Which I couldn’t pay, so I now have to wait a minimum of 1.5 years.”

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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.