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Founder of Learn to Trade, Greg Secker’s investment journey began with him working in IT on a trading floor supporting the largest currency trader in London. With no real knowledge of finance and a $5000 gift from his mother, Greg entered the trading game and joins the Nestegg podcast to discuss his journey to success.

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Having previously joined the show to share how he is making a full-time income in only a few hours a week, Greg Morgan also joins host David Stratford to share how Learn to Trade set him on the path toward financial success, and why mindset and positivity is key to success as a trader.

The pair will explain why the current climate is the perfect time to be trading, explain the 5-2-1 rule and why it is so important, and reveal what the best investors are doing to cement their success.

You can keep up to date with what Learn to Trade 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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Friday, 06 December 2019

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Open banking model expands to lower consumer energy bills

By Grace Ormsby · August 30 2019

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Open banking model expands to lower consumer energy bills

By Grace Ormsby
August 30 2019

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Open banking model expands to lower consumer energy bills

By Grace Ormsby · August 30 2019

Reading:

The Consumer Data Right, originally designed to enable open banking, will soon provide consumers more power to compare and switch energy providers too, according to the government.

A statement from Treasurer Josh Frydenberg said the Consumer Data Right provides consumers with greater access to their personal information and will provide them with the power to instruct businesses to provide safe and secure access of their data to trusted third parties.

“Extending the Consumer Data Right to energy builds upon the progress already made applying it to the banking sector, through what is known as open banking,” he said.

It was reported that 30 per cent of electricity consumers do not switch due to the effort required, while 22 per cent don’t change to a better deal due to a lack of information.

A consumer would be around $1,000 better off by switching from the worst to the best electricity plan in both NSW and South Australia, Mr Frydenberg highlighted.

According to ACCC commissioner Sarah Court, “Sharing information such as a household’s current energy deal and consumption pattern with other energy service providers will enable a consumer to find the best deal for them.”

“This will enhance transparency and put consumers into the driving seat when it comes to comparing confusing deals, so they can find new and innovative offers that best suit them,” she continued.

The Consumer Data Right for energy will initially apply to the national electricity market. At this point in time, it will not be available in Western Australia and the Northern Territory.

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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.