array(1) { [0]=> &object(stdClass)#3032 (52) { ["id"]=> string(5) "14459" ["title"]=> string(39) "Characteristics of successful investors" ["alias"]=> string(39) "characteristics-of-successful-investors" ["introtext"]=> string(212) "

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.

" ["fulltext"]=> string(1306) "

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.

" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["catid"]=> string(3) "302" ["created"]=> string(19) "2020-01-21 04:02:26" ["created_by"]=> string(4) "2394" ["created_by_alias"]=> string(0) "" ["state"]=> string(1) "1" ["modified"]=> string(19) "2020-01-21 04:22:04" ["modified_by"]=> string(4) "2394" ["modified_by_name"]=> string(10) "Tasha Levy" ["publish_up"]=> string(19) "2020-01-21 04:15:19" ["publish_down"]=> string(19) "0000-00-00 00:00:00" ["images"]=> string(231) "{"image_intro":"images\/podcasts\/Michael_McCarthy_WEB.jpg","float_intro":"","image_intro_alt":"Michael McCarthy","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}" ["urls"]=> string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}" ["attribs"]=> string(655) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","video_url":"","channel_id":"UCLBR-2LtTtui_WiRuEfW3qA","sent":"0","readingDiff":"3","canonical_link":""}" ["metadata"]=> string(68) "{"robots":"","author":"","rights":"","xreference":"","metatitle":""}" ["metakey"]=> string(38) "characteristics, successful, investors" ["metadesc"]=> string(200) "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 mar" ["access"]=> string(1) "1" ["hits"]=> string(3) "860" ["xreference"]=> string(0) "" ["featured"]=> string(1) "0" ["language"]=> string(1) "*" ["readmore"]=> string(4) "1306" ["ordering"]=> string(1) "0" ["category_title"]=> string(7) "Podcast" ["category_route"]=> string(17) "resources/podcast" ["category_access"]=> string(1) "1" ["category_alias"]=> string(7) "podcast" ["published"]=> string(1) "1" ["parents_published"]=> string(1) "1" ["lft"]=> string(2) "84" ["author"]=> string(10) "Tasha Levy" ["author_email"]=> string(31) "[email protected]" ["parent_title"]=> string(9) "Resources" ["parent_id"]=> string(3) "300" ["parent_route"]=> string(9) "resources" ["parent_alias"]=> string(9) "resources" ["alternative_readmore"]=> NULL ["layout"]=> NULL ["params"]=> object(Joomla\Registry\Registry)#3171 (3) { ["data":protected]=> object(stdClass)#3107 (97) { ["article_layout"]=> string(14) "momentum:newne" ["show_title"]=> string(1) "1" ["link_titles"]=> string(1) "1" ["show_intro"]=> string(1) "0" ["info_block_position"]=> string(1) "0" ["info_block_show_title"]=> string(1) "1" ["show_category"]=> string(1) "1" ["link_category"]=> string(1) "1" ["show_parent_category"]=> string(1) "0" ["link_parent_category"]=> string(1) "0" ["show_associations"]=> string(1) "0" ["flags"]=> string(1) "1" ["show_author"]=> string(1) "1" ["link_author"]=> string(1) "0" ["show_create_date"]=> string(1) "0" ["show_modify_date"]=> string(1) "1" ["show_publish_date"]=> string(1) "1" ["show_item_navigation"]=> string(1) "1" ["show_vote"]=> string(1) "1" ["show_readmore"]=> string(1) "1" ["show_readmore_title"]=> string(1) "1" ["readmore_limit"]=> string(3) "100" ["show_tags"]=> string(1) "0" ["show_icons"]=> string(1) "1" ["show_print_icon"]=> string(1) "1" ["show_email_icon"]=> string(1) "1" ["show_hits"]=> string(1) "1" ["record_hits"]=> string(1) "1" ["show_noauth"]=> string(1) "0" ["urls_position"]=> string(1) "0" ["captcha"]=> string(0) "" ["show_publishing_options"]=> string(1) "1" ["show_article_options"]=> string(1) "1" ["save_history"]=> string(1) "1" ["history_limit"]=> int(10) ["show_urls_images_frontend"]=> string(1) "0" ["show_urls_images_backend"]=> string(1) "1" ["targeta"]=> int(0) ["targetb"]=> int(0) ["targetc"]=> int(0) ["float_intro"]=> string(4) "left" ["float_fulltext"]=> string(5) "right" ["category_layout"]=> string(14) "momentum:newne" ["show_category_heading_title_text"]=> string(1) "1" ["show_category_title"]=> string(1) "1" ["show_description"]=> string(1) "0" ["show_description_image"]=> string(1) "0" ["maxLevel"]=> string(2) "-1" ["show_empty_categories"]=> string(1) "0" ["show_no_articles"]=> string(1) "1" ["show_subcat_desc"]=> string(1) "1" ["show_cat_num_articles"]=> string(1) "0" ["show_cat_tags"]=> string(1) "1" ["show_base_description"]=> string(1) "1" ["maxLevelcat"]=> string(2) "-1" ["show_empty_categories_cat"]=> string(1) "0" ["show_subcat_desc_cat"]=> string(1) "1" ["show_cat_num_articles_cat"]=> string(1) "1" ["num_leading_articles"]=> string(2) "14" ["num_intro_articles"]=> string(1) "0" ["num_columns"]=> string(1) "0" ["num_links"]=> string(1) "0" ["multi_column_order"]=> string(1) "0" ["show_subcategory_content"]=> string(2) "-1" ["show_pagination_limit"]=> string(1) "0" ["filter_field"]=> string(4) "hide" ["show_headings"]=> string(1) "1" ["list_show_date"]=> string(9) "published" ["date_format"]=> string(0) "" ["list_show_hits"]=> string(1) "0" ["list_show_author"]=> string(1) "1" ["list_show_votes"]=> string(1) "0" ["list_show_ratings"]=> string(1) "0" ["orderby_pri"]=> string(4) "none" ["orderby_sec"]=> string(5) "rdate" ["order_date"]=> string(9) "published" ["show_pagination"]=> string(1) "2" ["show_pagination_results"]=> string(1) "1" ["show_featured"]=> string(4) "show" ["show_feed_link"]=> string(1) "1" ["feed_summary"]=> string(1) "0" ["feed_show_readmore"]=> string(1) "0" ["sef_advanced"]=> int(1) ["sef_ids"]=> int(1) ["custom_fields_enable"]=> string(1) "1" ["show_page_heading"]=> NULL ["layout_type"]=> string(4) "blog" ["menu_text"]=> int(1) ["menu_show"]=> int(1) ["page_title"]=> string(70) "Save Money - Tips and Strategies to Reach your Savings Goals | nestegg" ["menu-meta_description"]=> string(144) "Take control of your finances with our comprehensive tips and guides to debt consolidation, expenses, budgeting, savings account and tax saving." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(70) "Save Money - Tips and Strategies to Reach your Savings Goals | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2020-01-21 04:15:19" ["slug"]=> string(45) "14459:characteristics-of-successful-investors" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(58) "/resources/podcast/characteristics-of-successful-investors" ["image"]=> string(40) "images/podcasts/Michael_McCarthy_WEB.jpg" ["image_alt"]=> string(16) "Michael McCarthy" } }

Wednesday, 19 February 2020

Try another search or check out these top posts

•No dividend, no worries for AMP CEO salary

•Why I don’t have a budget

•‘Lazy tax’ or confusion: Why are we still paying ATM fees?

Latest Podcast

Characteristics of successful investors...Read more

Resources

Claim your super...Read more

Save

How can I save money for a holiday fast?

By Louise Chan · December 10 2019

Reading:

Save

How can I save money for a holiday fast?

By Louise Chan
December 10 2019

Reading:

How can I save money for a holiday fast?

By Louise Chan · December 10 2019

Reading:

Unless your monthly salary is very large that it’s easy to produce your travel fund, it may take time to plan and save for your dream holiday. But there’s no need to panic even if your holiday is approaching because there are some things you can do to save money for a holiday fast.

Consider these easy ways to save to help you reach your required budget faster.

Look at the big picture

The first thing you need to do when saving for a holiday is to get a clear picture of your finances – your monthly income, expenses and balance.

Each person has a different idea of a dream holiday: some want a luxurious cruise, others prefer a backpacking adventure – none of them cost exactly the same. Figure out how much money you’ll need by determining what exactly you want your holiday to be like.

Once you know these, write your projected budget to determine how much you’ll need.

Creating a budget plan will help you understand how likely you are to reach a goal and what savings strategy you can execute.

Hustle and earn more

Your income has a big influence on turning your dream holiday into reality, so you need to make sure that you receive compensation regularly and, if possible, generate extra cash.

Look at your current job situation. If you’re already due for a salary increase, you may consider preparing your case and initiating the conversation with the management.

Likewise, you may take up side hustles for extra income.

Set up a holiday account

Once the budget is in place, you can start saving for your holiday by funneling some of your extra money directly to a separate bank account that is meant specifically for your holiday or splurging.

Don’t forget to top up your holiday fund account each month, and the target amount for that fund should be clearly identified because this will serve as your savings goal.

You may consider automatically transferring a portion of your income to your holiday savings account.

Plan to travel smart

Saving money for your holiday is necessary, but saving money on travel is just as important.

Now that you’ve identified a destination and the target budget, consider trimming pricey areas in your travel plans. You can do this by identifying unnecessarily expensive elements, such as hotel accommodations, and searching for good deals.

Saving on airfare is also possible by purchasing discounted fares or choosing smaller airlines. Likewise, you may drop expensive rental cars from your plans and simply take public transport with locals.

Do your research and take note of travel tips that will help you keep expenses small, such as off-peak season or hours and when you can get free or discounted passes.

By doing a thorough research, the amount you need to save for may decrease and you will be able to reach you savings goal faster.

Likewise, check with your credit provider if they have special discounts, deals or privileges you can access by using the credit card they provided. Just make sure to pay your bill in full and on time to avoid blowing up your debt with interest rates and surcharges.

Countless people around the world have travelled on a shoestring budget, and you can definitely do the same with the right attitude and discipline.

Explore nestegg for more ideas on how to save money as a teenager for specific purposes.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates

Rate the article

About the author

Louise Chan

Louise is a content producer for Momentum Media’s nestegg who likes keeping up-to-date with all the ways people can work towards financial stability in 2019. She also enjoys turning complex information into easy-to-digest, practical tips to help those who want to achieve financial independence.