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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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ASIC steps up against dodgy car yard insurance deals

By Cameron Micallef · October 02 2019

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Invest

ASIC steps up against dodgy car yard insurance deals

By Cameron Micallef
October 02 2019

Reading:

ASIC steps up against dodgy car yard insurance deals

By Cameron Micallef · October 02 2019

Reading:

Have you bought a car and felt pressured by the salesperson to add on insurance and warranty products? You aren’t alone.

It’s such a widespread issue that the Australian Securities and Investment Commission has proposed to use its intervention powers to reform the sale of add-on financial products by car yards and protect consumers against costly add-ons.

Announcing the consultation, ASIC commissioner Sean Hughes said the opening up of a consultation period on the proposal for reform follows consumer concerns.

He said there had been a history of unfair conduct and poor results for consumers in the add-on insurance market.

Mr Hughes said ASIC has further questioned the validity of these products when consumers look to claim on such policies.

“We have seen policies sold to consumers when they have been ineligible to claim under them,” he commented.

As a result, ASIC has previously secured over $130 million in refunds to compensate consumers for their losses from these practices.

The product intervention power held by ASIC allows it to intervene where financial products have resulted in, or are likely to result in, significant consumer detriment.

As well as compensation for past conduct, the regulator said it will propose changes to improve consumer outcomes in the future.

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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.