array(1) { [0]=> &object(stdClass)#3231 (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(4) "1133" ["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)#2946 (3) { ["data":protected]=> object(stdClass)#3247 (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" } }

Thursday, 27 February 2020

Try another search or check out these top posts

•Rule change sees thousands of Aussie credit files cleared

•730,000 mortgage-holders to be hit with higher repayments

•Coronavirus infection spreads to the ASX

Latest Podcast

Characteristics of successful investors...Read more

Resources

Claim your super...Read more

Save

How are Australians saving their money?

By Louise Chan · December 19 2019

Reading:

How are Australians saving their money?

By Louise Chan · December 19 2019

Reading:

Click here to enlarge

INFOGRAPHIC: Many Australians plan to save more money at the start of a new year, but a survey reveals that only not everyone sets concrete goals to achieve this.

In fact, only about 83 per cent of respondents have a specific target in mind when they save.

Top Aussie saving goals

Among the Aussies who participated, 53 per cent specifically wanted to save money to fund a holiday. A good 46 per cent want to set money aside to bulk up their rainy day fund to ensure that potential emergencies are covered.

The third top reason – with 40 per cent of participants agreeing – plan to save money for a home deposit or renovation.

Other goals include wanting to budget, pay off debts and building their retirement nest egg. Those planning to grow their retirement fund plan to use their potential savings to invest in shares, bonds, commodities or investment property.

How do Aussies manage their savings goals?

Those who stick to their savings goal revealed the strategies they use to abide by their resolution.

Majority of surveyed Aussies (52 per cent) keep their extra money in a separate savings account. Specifically:

21 per cent set up auto transfers; and,
17 per cent transfer money in an account they can’t use for spending.

About 15 per cent preferred to build up their savings in their transaction account, possibly opting to exercise restraint with their spending.

About 11 per cent deal with their mortgage while saving by depositing their extra cash in their home loan offset account.

Note that some people combine a variety of saving strategies, so figures above do not add up to 100 per cent.

Why do people break their savings goal?

Despite trying hard to stick to their financial resolution, some are unable to accomplish their goal.

The biggest reason why resolutions fail are unexpected changes, such as changes in financial circumstances or unforeseen expenses. This accounts for 41 per cent of failed resolutions to save.

Lack of willpower account for 27 per cent of failed saving plans, while 17 per cent admitted that their saving goal was unachievable, which led to breaking their resolution.

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.