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Founder of Learn to Trade, Greg Secker’s investment journey began with him working in IT on a trading floor supporting the largest currency trader in London. With no real knowledge of finance and a $5000 gift from his mother, Greg entered the trading game and joins the Nestegg podcast to discuss his journey to success.

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Having previously joined the show to share how he is making a full-time income in only a few hours a week, Greg Morgan also joins host David Stratford to share how Learn to Trade set him on the path toward financial success, and why mindset and positivity is key to success as a trader.

The pair will explain why the current climate is the perfect time to be trading, explain the 5-2-1 rule and why it is so important, and reveal what the best investors are doing to cement their success.

You can keep up to date with what Learn to Trade 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, 06 December 2019

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Lack of retail Christmas cheer set to benefit buyers

By Grace Ormsby · November 13 2019

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Lack of retail Christmas cheer set to benefit buyers

By Grace Ormsby
November 13 2019

Reading:

Lack of retail Christmas cheer set to benefit buyers

By Grace Ormsby · November 13 2019

Reading:

Australian retailers are heading into “the most wonderful time of year” without much optimism, meaning consumers might be gifted with bargains a lot earlier than usual.

Deloitte’s Retailers’ Christmas Survey 2019 has revealed that it’s the most pessimistic retailers have been since 2013.

It comes off the back of a tough year for many retailers, with 47 per cent of Deloitte’s survey respondents indicating they’ve experienced flat or negative sales growth over the past 12 months.

As a result, Deloitte’s national leader in the retail, wholesale and distribution group, David White, has commented that “it’s probably no surprise many are also approaching this Christmas with a little less cheer, certainly compared to last year”.

“Just over 60 per cent are expecting to increase their sales this Christmas, compared to 80 per cent in 2018, and nearly 40 per cent are also expecting to see a decrease in seasonal margins,” he outlined.

Mr White said many retailers had pinned their hopes on federal government tax cuts, “but the latest trading data suggests consumers have chosen to keep any windfall in their pockets”.

“Retailers are no doubt hoping they’ve been saving up for Christmas,” he continued.

“As always, when to discount and by how much remains a critical decision for retailers over the holiday period.”

Mr White said 39 per cent of retailers are planning to discount before Christmas compared with 31 per cent last year.

Thirty per cent will do so in early December.

“And with the proliferation of sales campaigns such as next week’s Black Friday leading into December, many are concerned this could bring forward Christmas trading at discounted prices,” the retail expert highlighted.

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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.