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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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Newstart rate sees older Aussies spend 7+ years in poverty

By Cameron Micallef · October 11 2019

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Newstart rate sees older Aussies spend 7+ years in poverty

By Cameron Micallef
October 11 2019

Reading:

Newstart rate sees older Aussies spend 7+ years in poverty

By Cameron Micallef · October 11 2019

Reading:

The ongoing poverty and dangerous financial security that is facing older Australians has led to an advocacy group’s call for an urgent increase to Newstart payments.

According to the Council on the Ageing (COTA), the 180,000 Australians aged over 50 that rely on Newstart spend two and a half times longer on the payment type than other age groups due to the issues they face in gaining employment.

This is leaving recipients over 50 on Newstart for 7.1 years, according to the industry body.

COTA Australian deputy chief executive Corey Irlam said: “Contrary to popular belief, almost one in four (24.6 per cent) Newstart recipients are over 50.”

“Once an older person becomes unemployed for a longer period ,they find it much more difficult to find a new job.”

Mr Irlam has argued Newstart can’t be considered as a short-term solution as potential employees struggle to find work.

“The government’s most common defence of the current low Newstart rate is that it is a ‘short-term benefit’.”

The industry body has submitted papers to Parliament suggesting:

Raising Newstart by $75 a week for singles and proportionately for couples
Reconsidering means testing and the liquid assets waiting period so that older people do not need to draw down on their retirement savings
Immediately increasing Commonwealth Rent Assistance by 40 per cent to provide urgent relief for older renters

“It is unacceptable that we expect people to survive for so long on $40 a day while finding paid employment or waiting to reach the age pension eligibility age,” Mr Irlam said.

“In the interim, many are forced to forego some of the most basic requirements of living: food, medications and healthcare.” He noted that it is even harder for people who are still renting.

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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.