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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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Retirement

New super bill needs to be reconsidered

By Cameron Micallef and Sarah Simpkins · July 26 2019

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Retirement

New super bill needs to be reconsidered

By Cameron Micallef and Sarah Simpkins
July 26 2019

Reading:

New super bill needs to be reconsidered

By Cameron Micallef and Sarah Simpkins · July 26 2019

Reading:

Life insurance specialist AIA Australia has called on the government to reconsider the impact of new superannuation changes found within the Protecting Members Interest First Bill, expressing concerns about the impact it will have on insurance offerings.

The Protecting Members Interest First (PMIF) Bill is the second round of legislation that will reportedly prevent trustees from providing insurance on an opt-out basis to members who are under 25 years old and begin to hold a new product after 1 October 2019, and to members who hold products with balances below $6,000.

The Senate economics legislation committee has already recommended that the government delay the new law’s implementation by two months to 1 December, with various super funds having also called for a delay, citing the original 1 October date as impossible to meet.

According to a statement, the effect of the new legislation will be to create an estimated $450 million gap in annual claims that will no longer be paid to members, where currently, millions of Australians do have access to insurance despite their age or wealth.

AIA chief executive Damien Mu said the industry is already going through major changes due to the implementation of recent Protect Your Super reforms, with the full impact yet to be realised.

As the system currently stands, “the system is affordable and efficient because it provides cover to all”, he remarked.

“Of every dollar collected in group insurance premiums, 84 cents were paid back in claims to members. By comparison, insurance sold directly to consumers paid out only 41 cents on the dollar,” he continued.

AIA said it receives more claims in regional areas relative to metro areas in NSW, Victoria and Queensland, with the insurer also paying more group insurance claims in Queensland than in any other state.

For disability claims, there is also a noticeable skew toward higher claim numbers in regional Queensland, AIA noted.

The organisation cited data from the Australian Institute of Health and Welfare Report on Australia’s Health 2018 to show that people aged 16 to 24 have the highest prevalence of mental disorders.

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About the author

Cameron Micallef and Sarah Simpkins

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.