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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 tipped to spend big on Black Friday

By Cameron Micallef · November 28 2019

Reading:

Invest

Aussies tipped to spend big on Black Friday

By Cameron Micallef
November 28 2019

Reading:

Aussies tipped to spend big on Black Friday

By Cameron Micallef · November 28 2019

Reading:

Australians will spend a combined total of $3.9 billion on everything from clothing and cosmetics to gadgets and travel during the Black Friday sale, new research has suggested.

According to comparison site Finder, Aussies will be spending the most on travel, with the average shopper forking out $130 on average.

Surprisingly, this is followed by food and alcohol, where they are set to spend $127.

Clothes and shoes round out the top three deals and discounts Aussies intend to make the most of, with the average shopper spending approximately $93.

Kate Browne, personal finance expert at Finder, said Black Friday is a great way to get your Christmas shopping done for a steal.

“Black Friday has been known to crash websites, so it’s best to know what you want and to get in early. There’s nothing worse than adding an item to your cart only to realise they no longer have it in your size,” she said.

While the phenomenon is new to Australian markets, research from Monash University suggests Black Friday sales outperformed traditional December Christmas period sales, increasing by 14 per cent.

In contrast, sales in the three-day lead-up to Christmas Day grew by 3.5 per cent, while Boxing Day sales fell by 10.3 per cent.

However, Black Friday discounting is usually a race to the bottom in terms of profitability for Australian retailers.

“With typical Christmas discounts already placing pressure on margins, Black Friday may risk simply pulling the Christmas sales boost forward into November, instead of truly increasing sales volumes for retailers,” Monash’s Dr Rebecca Dare said.

Dr Dare believes retailers can get ahead if they follow the United States model instead of slashing prices.

“For Australian retailers, tapping into Black Friday’s latent emotional significance, turning it into more than just a ruthless discounting event, may very well be the solution to their profitability woes,” Dr Dare concluded.

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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.