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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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Friday, 21 February 2020

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Slashed bank dividends a sign of difficult times

By Cameron Micallef · November 11 2019

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Invest

Slashed bank dividends a sign of difficult times

By Cameron Micallef
November 11 2019

Reading:

Slashed bank dividends a sign of difficult times

By Cameron Micallef · November 11 2019

Reading:

Disappointing returns and dividends from the big four banks are set to impact millions of Australian retail investors and self-managed super funds.

Investors are now feeling the brunt of the financial services royal commission, lower interest rates and new lending standards that have combined to hurt the banks’ bottom lines.

Westpac and NAB have announced their investors will receive 15 per cent and 16 per cent less in dividends returns, respectively, while ANZ shareholders look set to lose 10 per cent on previous returns.

For EY Oceania’s banking and capital markets leader, Tim Dring, “declining profits and margins have seen the banks cut dividends and preserve capital, as they batten down the hatches and brace for further challenging conditions ahead”.

While running on a different reporting schedule to the other banks, investors of the Commonwealth Bank would also be bracing for their own dividends reduction in February.

Are they ‘safe as a bank’?

While the big four banks remain strong from a financial point of view, they are facing a raft of upcoming headwinds such as open banking, increased competition, economic conditions and the prospect of rebuilding trust.

“For now, asset quality remains strong but benign credit conditions will not continue indefinitely, and, when the credit cycle turns, that will squeeze the banks’ future profits even further,” Mr Dring stated.

According to EY, “there is a seismic shift occurring in consumer preferences, economic trends and regulatory environment”.

“Coupled with increasing pressure from new non-traditional players, like neobanks, payment service providers and technology companies, these changes mean that banks will have to make some tough choices in order to remain relevant and rebuild trust,” Mr Dring elaborated.

EY indicated that “banks should be considering a shift to more transparent strategies that focus on promoting customers’ financial wellbeing and moving away from product-centric selling models towards ones that offer more customer-centric, personalised subscription-based services”.

nestegg has previously reported ANZ, Westpac and NAB’s yearly performance.

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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.