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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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Aussies leave Christmas expenses to the last minute

By Cameron Micallef · December 18 2019

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Invest

Aussies leave Christmas expenses to the last minute

By Cameron Micallef
December 18 2019

Reading:

Aussies leave Christmas expenses to the last minute

By Cameron Micallef · December 18 2019

Reading:

Bargain-hunting Aussies are leaving their shopping till the last minute, in an attempt to snag a last-minute deal, new research has found.

According to the Commonwealth Bank, Thursday, Friday and Saturday are predicted to be the biggest spending days, with 26 per cent of people surveyed predicted to spend.

According to the research, Millennials (31 per cent) are more likely than Gen X (27 per cent) and Baby Boomers (21 per cent) to look for cheaper options to cut back on Christmas spending this year.

Baby Boomers will be the most relaxed shoppers this Christmas season, as one-third (31 per cent) are more likely than Gen X (20 per cent) and Millennials (17 per cent) to fit their Christmas shopping around their regular shop.

Kate Crous, EGM of everyday banking CBA, believes consumers can better manage their finances, through budgeting and tracking tool technology.

“Christmas can be an expensive time of year for many Aussies. It’s clear that most of us are on the lookout for deals and discounts to keep the costs down, but discretionary and non-discretionary items still have a way of creeping up on us, especially as many of us do our shopping last minute,” she said.

Commonwealth Bank’s 2018 spending data also revealed that Christmas Eve spend was particularly high, even compared with Boxing Day. On Christmas Eve last year, credit and debit card spend totalled $571 million, dropping to $148 million on Christmas Day, and jumping again to $429 million on Boxing Day.

An analysis of 2018 credit card spending categories also revealed the costs of the last-minute food and beverage run, with grocery stores and supermarkets ($30 million), package stores ($10.6 million) and other food stores such as specialty markets ($4.7 million) totalling over $45 million.

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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.