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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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Hemp targeted for diversification of NT economy

By Cameron Micallef · August 09 2019

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Invest

Hemp targeted for diversification of NT economy

By Cameron Micallef
August 09 2019

Reading:

Hemp targeted for diversification of NT economy

By Cameron Micallef · August 09 2019

Reading:

The Northern Territory Legislative Assembly has announced the passing of the Hemp Industry Bill, allowing the state to capitalise on the emerging market.

The burgeoning industry will see two main opportunities grow from the passing of this new bill, both a fibre and grain industry (THC levels under 1 per cent) and a viable seed industry (THC levels under 0.5 per cent), according to a government statement.

THC levels above 1 per cent are considered as cannabis.

Minister for Primary Industries and Resources in the Northern Territory Paul Kirby said hemp’s status as an emerging superfood with many other uses will allow the territory’s farmers to diversify their crop offerings.

“The development of this industry is a real green shoot for the jobs and export economy here in the Northern Territory, diversifying our economy and creating local jobs,” the minister stated.

The potential for two crops for territory farms each dry season would also see an increase to the potential return of hemp production for farmers, with hemp grain currently garnering a farmgate price of around $3,000 a tonne, it was reported.

For NT Farmers CEO Paul Burke, it’s an exciting opportunity for an emerging crop type.

“Industrial hemp has real potential in our current climatic conditions and could be a viable new industry on a broadacre scale, which is an exciting proposition,” he said.

nestegg has previously reported on the future of cannabis investment in Australia as being an area to watch.

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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.