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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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Saturday, 25 January 2020

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Retirement

Should Aussies focus on their mortgage or super?

By Cameron Micallef · January 07 2020

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Retirement

Should Aussies focus on their mortgage or super?

By Cameron Micallef
January 07 2020

Reading:

Should Aussies focus on their mortgage or super?

By Cameron Micallef · January 07 2020

Reading:

With median dwelling values continuing to rise and the cost of credit falling to a historic low, Aussies are being told to focus on their mortgage over superannuation.

In a research report, Morningstar analyst Chanaka Gunasekera noted that sound mortgage advice has the biggest impact on a person’s finances.

“For the average Australian, superannuation is not their largest asset, most of an average Australian’s wealth is from bricks and mortar assets, including their homes. The most important advice for these customers is how to deal with their mortgage,” Mr Gunasekera said.

Daniel Walsh, Your Property Your Wealth director and buyer’s agent, said savvy investors are able to take advantage of low interest rates to get ahead on their mortgages.

“Investors with variable mortgages have seen interest rates tumble by 1 to 2 percentage points over the past year,” Mr Walsh said.

“Some investors have also opted to refinance now that the lending environment is more favourable to them, which has resulted in their repayments dropping even more,” he stated.

While noting the importance of paying down mortgages, Kate Browne, personal finance expert at Finder, said it is important to break down large goals such as paying off a mortgage into achievable pieces.

“Rome wasn’t built in a day; starting a successful business or paying off the mortgage takes time. Ambitious goals like these will rarely be accomplished in a year.

“Create smaller milestones or targets to reach every few months. This will help you stay focused and prevent resolution burnout. Think of your grand plan as a marathon, not a sprint,” Ms Brown said.

nestegg has previously reported how taking out a home loan leads to Australians engaging with their superannuation.

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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.