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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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Timing the property market is costing investors

By Cameron Micallef · September 06 2019

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Invest

Timing the property market is costing investors

By Cameron Micallef
September 06 2019

Reading:

Timing the property market is costing investors

By Cameron Micallef · September 06 2019

Reading:

Investors who try to time the market could be losing up to $140,000 over a 15-year period, according to new research.

Analysis by the Property Investment Professionals of Australia (PIPA) has shown that due to a number of factors, inclusive of transactional costs, buying and selling multiple times, stamp duty and capital gains, property investors who attempt to time the market are actually worse off.

PIPA chairman Peter Koulizos said most investors simply do not have the skills or the knowledge to expertly select the best markets to invest in over the short term.

“Most people are only thinking of the potential price uplifts when they try to time a market and naively don’t consider the inherent risks involved in such a market gamble,” he said.

In making the point about timing, PIPA outlined that the top three performing capital cities over the past 15 years have been Melbourne, Hobart and Darwin, with median house price growth between 106 and 147 per cent.

The best capital city between 2003 and 2008 was Darwin at 91 per cent growth; from 2008 to 2013, it was Sydney at 41 per cent; and from 2013 to 2018, both Sydney and Melbourne at 38 per cent.

According to Mr Koulizos, the data showed that “no market is the strongest for a sustained period of time, with Sydney’s market actually the strongest prior to the most recent price upswing”.

“However, for investors who tried to time the market but chose the worst-performing capital cities over each five-year period, they could be out of pocket to the tune of $137,701,” Mr Koulizos said.

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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.