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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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How the national accounts are tracking since the election

By Cameron Micallef · July 01 2019

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How the national accounts are tracking since the election

By Cameron Micallef
July 01 2019

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How the national accounts are tracking since the election

By Cameron Micallef · July 01 2019

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The budget was a hot topic in the lead up to this year’s federal election, and for some, an election decider. Here’s how it was tracking at the end of May.

The fiscal balance for the 2018-19 financial year to 31 May 2019 was a surplus of $13.7 billion. This is an increase from a surplus of $1,816 million from the April figures.

The underlying cash balance for the financial year was a deficit of $115 million, which was an improvement on the previous reporting period.

Fundamentals improve

The figures improved due to the government spending less. In total, payments were lowered by 1.7 billion from the revised budget and total receipts increased by 1.3 billion.

Higher income taxes and strong commodity prices have combined to deliver a higher tax revenue for the Morrison government.

Total assets and liabilities

As at 31 May 2019:

net worth is negative $442,116 million
net debt is $375,608 million
net financial liabilities are $647,813 million

Calls to spend more

The Reserve Bank of Australia believes the economy will benefit more from an increase in spending rather than a small budget surplus.

Governor Philip Lowe has previously stated that the Australian economy can sustain a higher level of employment through an increase in spending on infrastructure.

To achieve this level, the government would need to increase its spending, meaning it would not necessarily hit its projected surplus target.

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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.