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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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Trivago a no-go for cheapest hotel

By Grace Ormsby · January 21 2020

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Trivago a no-go for cheapest hotel

By Grace Ormsby
January 21 2020

Reading:

Trivago a no-go for cheapest hotel

By Grace Ormsby · January 21 2020

Reading:

Heavily advertised hotel comparison site Trivago has come under fire from the consumer watchdog after it was found to be misleading consumers about providing them with the cheapest hotel room rates.

A statement has outlined the Federal Court’s finding that the comparison site had breached Australian Consumer Law when it misled consumers from December 2016 by “representing its website would quickly and easily help users identify the cheapest rates available for a given hotel”.

Instead, Trivago was using an algorithm that placed significant weight on which online hotel booking site paid Trivago the highest cost-per-click fee to determine website rankings – often not highlighting the cheapest rates for consumers.

ACCC chair Rod Sims said that Trivago’s hotel room rate rankings “were based primarily on which online hotel booking sites were willing to pay Trivago the most”.

“By prominently displaying a hotel offer in ‘top position’ on its website, Trivago represented that the offer was either the cheapest available offer or had some other extra feature that made it the best offer when this was often not the case,” Mr Sims explained.

Trivago was also found to be using strike-through prices or text in different colours that gave consumers “a false impression of savings”.

Such offers were usually comparing standard rooms with luxury rooms at the same hotel.

Mr Sims said the consumer watchdog brought the case before the court because it considered that “Trivago’s conduct was particularly egregious”.

“Many consumers may have been tricked by the price displays into thinking they were getting great discounts.”

“In fact, Trivago wasn’t comparing apples with apples when it came to room type for these room rate comparisons,” he continued.

Until 2 July 2018, Trivago was also found to have been misleading customers to believe that the website “provided an impartial, objective and transparent price comparison for hotel room rates”.

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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.