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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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Black Friday turns to gold for Australian retailers

By Cameron Micallef · January 13 2020

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Black Friday turns to gold for Australian retailers

By Cameron Micallef
January 13 2020

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Black Friday turns to gold for Australian retailers

By Cameron Micallef · January 13 2020

Reading:

The much-hyped Black Friday sales have proven to be retail gold, with a significant lift in consumer spending, according to official figures.

Australian retail turnover rose by 0.9 per cent in November 2019, seasonally adjusted, which was double the expected 0.4 per cent boost in consumer spending.

“We have seen strong growth in Black Friday sales, both in areas such as electrical goods and online sales, but also in areas such as clothing and furniture,” said Ben James, director of Quarterly Economy Wide Surveys.

“While seasonal adjustment removes regular seasonal patterns associated with Black Friday based on prior results, the strong seasonally adjusted rises in a number of sub-groups this month show that the impact of this Black Friday exceeded that of previous years,” Mr James continued.

However, a UBS economist believes December numbers will be vital as Christmas spending in December might have been brought forward to November to take advantage of the sales.

“Indeed the December retail PSI collapsed after spiking higher in November, suggesting a retracement in retail sales in December is likely. While the rise in November retail sales is clearly a positive sign for consumption, it is too early to make a clear assessment for Q4 ahead of likely payback in December.

There were rises for clothing, footwear and personal accessory retailing (3.1 per cent), food retailing (0.5 per cent), household goods retailing (1.2 per cent), department stores (3.4 per cent) and cafes, restaurants and takeaway food services (0.9 per cent). These rises were partially offset by a fall in other retailing (-0.5 per cent).

In seasonally adjusted terms, there were rises in Victoria (1.1 per cent), Queensland (1.2 per cent), NSW (0.7 per cent), South Australia (1.4 per cent), Western Australia (0.5 per cent), the ACT (0.7 per cent) and Tasmania (0.4 per cent). The Northern Territory (-0.2 per cent) fell in seasonally adjusted terms in November 2019.

The trend estimate for Australian retail turnover rose 0.3 per cent in November 2019, following a 0.3 per cent rise in October 2019. Compared with November 2018, the trend estimate rose 2.9 per cent.

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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.