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Founder of Learn to Trade, Greg Secker’s investment journey began with him working in IT on a trading floor supporting the largest currency trader in London. With no real knowledge of finance and a $5000 gift from his mother, Greg entered the trading game and joins the Nestegg podcast to discuss his journey to success.

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Having previously joined the show to share how he is making a full-time income in only a few hours a week, Greg Morgan also joins host David Stratford to share how Learn to Trade set him on the path toward financial success, and why mindset and positivity is key to success as a trader.

The pair will explain why the current climate is the perfect time to be trading, explain the 5-2-1 rule and why it is so important, and reveal what the best investors are doing to cement their success.

You can keep up to date with what Learn to Trade 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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First national surplus in 44 years

By Cameron Micallef · September 04 2019

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Invest

First national surplus in 44 years

By Cameron Micallef
September 04 2019

Reading:

First national surplus in 44 years

By Cameron Micallef · September 04 2019

Reading:

Australia has recorded its first current account surplus since the 1970s and now has $5.9 billion sitting in the national fund, according to new figures.

The Australian Bureau of Statistics (ABS) has highlighted that the current account surplus, the first since the June quarter in 1975, has been largely driven by strong growth in the price of commodities.

ABS chief economist Bruce Hockman said that “six consecutive quarters of goods and services surpluses, broadly commodity-driven, have laid the foundation for our first current account surplus in 44 years”.

The chief economist stated that large commodity prices had turned a $6.93 billion deficit in March into a net positive for Australia.

He also acknowledged imports as having fallen by $460 million.

“Export volumes for the key bulk commodities of liquid natural gas, coal and iron ore were up, while volumes fell across several import categories, resulting in an increased June quarter trade surplus,” Mr Hockman outlined.

Contribution to gross domestic product

In seasonally adjusted chain volume terms, the balance on goods and services surplus increased by $2.7 billion, which widened the surplus to $6.4 billion. The rising exports and falling imports resulted in an expected contribution of 0.6 percentage points to growth in the June quarter 2019 GDP.

International investment position

Australia’s net international investment position was a liability of $1,001.6 billion at 30 June 2019, an increase of $9.2 billion on the revised 31 March 2019 position of $992.3 billion.

Australia’s net foreign debt liability position increased $19.4 billion to $1,143.5 billion. Australia’s net foreign equity asset position increased $10.2 billion to $141.9 billion at 30 June 2019.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg. 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 leveraging their insights to grow your portfolio.