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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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Friday, 28 February 2020

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Bushfire-affected Aussies warned against ‘fictitious’ claim handlers

By Grace Ormsby · January 10 2020

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Bushfire-affected Aussies warned against ‘fictitious’ claim handlers

By Grace Ormsby
January 10 2020

Reading:

Bushfire-affected Aussies warned against ‘fictitious’ claim handlers

By Grace Ormsby · January 10 2020

Reading:

ASIC has issued a warning to anyone affected by the current bushfire crisis who is seeking insurance assistance to be wary of “unscrupulous” so-called “service providers”.

A statement from the corporate regulator has warned consumers and small-business owners to watch out for fictitious or unscrupulous tradespeople, repairers or firms offering to assist them with their insurance claim.

According to ASIC commissioner Sean Hughes, “These unscrupulous operators typically target home owners, farmers and small businesses in the aftermath of natural disasters.”

“They may claim to be able to identify damage to your property, sometimes by way of a free inspection.”

He told bushfire victims to “be wary of anyone who asks for payment upfront and who asks you to sign a contract immediately”.

“Don’t agree to sign anything which prevents you from dealing directly with your insurer, broker, financial adviser or lawyer,” he advised.

Mr Hughes said anyone who has concerns about the conduct of such a person or firm should contact ASIC.

It is important to remain vigilant and always check the licence and ABN of tradespeople and companies, ASIC said.

It also urged consumers to contact their insurer directly if they are approached by a firm that is offering to assist with any claims.

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About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.