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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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Account surplus ‘like dating Miley Cyrus’: Deloitte report

By Grace Ormsby · January 20 2020

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Invest

Account surplus ‘like dating Miley Cyrus’: Deloitte report

By Grace Ormsby
January 20 2020

Reading:

Account surplus ‘like dating Miley Cyrus’: Deloitte report

By Grace Ormsby · January 20 2020

Reading:

Two rate cuts and an inability of the Morrison government to keep up its current account surplus won’t be enough to plunge the Australian economy into disaster territory, according to new analysis.

The report from Deloitte Access Economics has noted how commodity prices are already easing off their mid-2019 peaks, making the government’s surplus slogan looking less likely to be maintained in the coming year.

Chris Richardson, lead author of the report, even poked fun at the election promise, commenting how Australia’s “much vaunted account surplus is a bit like dating Miley Cyrus – lots of fun, but unlikely to last”.

Despite this prediction, Mr Richardson said he expects some good news to stick around, even with his simultaneous forecast of two more federal rate cuts in the coming year.

“Commodity export volumes have skyrocketed, and they’ll remain elevated,” he advised.

This, combined with the huge fall in long-term interest rates across 2019, has left the consultancy firm partner expecting big savings on the near-term servicing of the nation’s trillion-dollar foreign debt.

Noting that the weak economy coupled with stubborn inflation is taking a toll on finances at both a federal and state level, Mr Richardson conceded that “wobbly wage growth plus falling housing construction hurts state GST monies”.

While praising the states for their continued infrastructure spending despite the economic downturn, the Deloitte partner noted that the Feds are also now dealing with “a cyclical downswing in profits and structural woes in wages”.

“But, the latest federal budget update was very conservative,” Mr Richardson did counter and assumed “commodity prices (such as iron ore) will dive even faster than Ronaldo in the World Cup”.

“That conservatism says that, despite a range of bushfire-related costs, there’s a chance that the Feds may have happier news to report by the time May’s budget rolls around.”

On the report's release, the shadow treasurer came out in attack of the current government's economic policies and planning.

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About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.