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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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Tax cuts and rate reductions fail to fire up retail

By Cameron Micallef · November 05 2019

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Earn

Tax cuts and rate reductions fail to fire up retail

By Cameron Micallef
November 05 2019

Reading:

Tax cuts and rate reductions fail to fire up retail

By Cameron Micallef · November 05 2019

Reading:

Three rate cuts and a tax break have not been enough to stimulate the retail sector, national figures have shown.

Figures from the Australian Bureau of Statistics have shown that consumers are still wary of spending, cutting back on discretionary items, with growth worse than expected.

Australia’s retail turnover increased by 0.2 per cent in September 2019 to $27.6 billion, with the expected forecast being a 0.5 per cent bump in growth for the retail sector.

Overall for the third quarter, Australia’s total retail spend fell by -0.1 per cent to $79.8 billion.

Ben James, ABS director of quarterly economy wide surveys, considered the results as “mixed”.

“Rises were seen in other retailing (0.8 per cent), cafes, restaurants and takeaway services (0.6 per cent), and food retailing (0.1 per cent).”

“These rises were slightly offset by a fall in clothing, footwear and personal accessory retailing (-0.5 per cent) and department stores (-0.2 per cent). Household goods (0.0 per cent) was relatively unchanged,” he said.

The ABS’ seasonally adjusted figures saw gains in NSW (0.3 per cent), Western Australia (0.7 per cent), Tasmania (1.0 per cent), South Australia (0.2 per cent), the ACT (0.1 per cent), and the Northern Territory (0.1 per cent). Victoria (0.0 per cent) was relatively unchanged. Queensland (-0.1 per cent) fell in seasonally adjusted terms in September 2019.

Online sales

Online retail turnover contributed 6.3 per cent to total retail turnover in original terms in September 2019 compared with September 2018’s online retail turnover proportion of 5.6 per cent.

Online retailers tend to have greater swings than the rest of the retail market, according to NAB’s Online Retail Sales Index, which saw 1.8 per cent growth month-on-month.

NAB chief economist Alan Oster said, “After a considerably weak mid-year period, online retail sales continued to grow in September, albeit at a more moderate pace than the significant growth rate recorded in August.”

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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.