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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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Wednesday, 29 January 2020

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(Financial) planning for a holiday?

By Grace Ormsby · October 02 2019

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(Financial) planning for a holiday?

By Grace Ormsby
October 02 2019

Reading:

(Financial) planning for a holiday?

By Grace Ormsby · October 02 2019

Reading:

While well travelled, Australians aren’t financing travel well – returning home with phones full of pictures but wallets full of debt, according to the Financial Planning Association of Australia (FPA).

In recognition of World Financial Planning Day, FPA has expressed a desire to encourage Australians to #PlanWell2LiveWell “so we can see more of our beautiful country and travel overseas without financial regret”.

The FPA cited Commonwealth Bank data that found Australians had overspent on international travel by more than $900 million, while close to half of all travellers surveyed hadn’t bothered to set a budget before leaving for an overseas trip.

Certified financial planner and CEO of FPA, Dante De Gori, said that “too often, we hear of well-meaning Australians who have embarked on a holiday before they were financially prepared”.

“They got caught up in the years of dreaming and organising, and came home saddled in debt.”

This World Financial Planning Day, he said the organisation really wants Australians to understand “that if you don’t have a good grasp of your financial situation before you depart for your travels, your finances are more likely to unravel while you’re on the road”.

He offered up some words of wisdom:

“Set your goals. Budget your everyday expenses and savings, manage your debt, invest wisely, and get appropriate travel insurance. And if you’re planning to use your retirement to see more of the world, plan early for that stage of life.”

He also advised would-be explorers to “make a plan with a certified financial planner professional now to live well later”.

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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.