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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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Wednesday, 29 January 2020

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Retirement

Will climate change ruin your superannuation?

By Cameron Micallef · September 27 2019

Reading:

Retirement

Will climate change ruin your superannuation?

By Cameron Micallef
September 27 2019

Reading:

Will climate change ruin your superannuation?

By Cameron Micallef · September 27 2019

Reading:

Climate change will take tens of thousands of dollars away from today’s youth, as the world grapples with employment issues and natural disasters, new research has warned.

The study, from Actuaries Institute, has indicated that climate change could result in lower superannuation contributions due to an increase in underemployment and unemployment as nations transition to a zero emissions world.

The increasing occurrence of natural disasters due to climate change is also expected to see members receiving lower lifetime returns, according to the findings.

For Actuaries Institute’s president, Nicolette Rubinsztein, “many Australians understand the physical risks posed by climate change, but few appreciate the impact it could have on their mortality risks and their retirement savings”.

In a scenario where a superannuation member was unemployed for one year in 10, they would be 11 per cent worse off by the time they reach retirement, it was highlighted.

The findings considered that a member on $75,000 a year for nine out of 10 years with returns on their super of 4.80 per cent would lose $41,000 as their balance falls from $382,000 to $341,000.

If a superannuation member with the same salary sees a fall in returns by just 1 per cent, the superannuation member would lose 18 per cent over their lifetime.

Under this situation, the member would retire with $313,000 instead of the $382,000 as expected today.

Impact on the government

The flow-on effect of lower superannuation returns will also hit the government hard, with low accumulation of savings for retirees meaning more people will be eligible for the pension.

The expected age pension expenditure on the median earner is estimated to be $20,000 to $30,000, assuming current levels of population mortality.

“There may be a greater reliance on the Age Pension if climate change seriously diminishes superannuation balances, and a higher cost of provisioning for future Age Pension liabilities if investment returns are lower,” Actuaries Institute concluded in its report.

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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.