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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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When ‘was/now’ pricing doesn’t add up

By Grace Ormsby · January 17 2020

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When ‘was/now’ pricing doesn’t add up

By Grace Ormsby
January 17 2020

Reading:

When ‘was/now’ pricing doesn’t add up

By Grace Ormsby · January 17 2020

Reading:

An Australian retailer has been slammed by a consumer watchdog for allegedly misleading consumers about the “was/now” price comparisons it was providing on its website.

Outdoor Supacentre Pty Ltd – trading as 4WD Supacentre – has paid $63,000 in penalties after being issued with five infringement notices.

According to the Australian Competition and Consumer Commission (ACCC), between December 2018 and January 2019, 4WD Supacentre advertised some of its highest-selling products with a high “was” price and a low “now” price, despite the products not being advertised or sold by the retailer at the “was” price at any time during the previous three months.

“4WD Supacentre advertised a camp oven with a ‘was’ price of $279 and a ‘now’ price of $84, representing an apparent saving of $195. In fact, the camp oven had not been advertised at a price higher than $104 for the three-month period beforehand,” a statement said.

Mick Keogh, acting chair of the ACCC, said the watchdog was “very concerned that this was misleading consumers into thinking they could achieve significant savings with 4WD Supacentre, when this was not necessarily the case”.

“Businesses must tell the truth when advertising ‘discounted’ prices and must not fabricate increased savings,” Mr Keogh explained.

“All businesses should ensure they provide consumers with accurate price information, enabling informed choices by consumers based on potential savings and an even playing field for competing businesses which are doing the right thing.”

The consumer watchdog indicated it had also accepted a court-enforceable undertaking in which 4WD Supacentre committed to not engage in similar conduct.

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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.