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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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‘Burying your head in the sand isn’t helpful’: ATO

By Lucy Dean · July 13 2018

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‘Burying your head in the sand isn’t helpful’: ATO

By Lucy Dean
July 13 2018

Reading:

‘Burying your head in the sand isn’t helpful’: ATO

By Lucy Dean · July 13 2018

Reading:

A woman who failed to lodge 91 tax returns has received a 12-month suspended prison sentence, in what the tax office is calling a “message to the community”.

Geraldton woman Judith Ahearn was handed a 12-month suspended prison sentence this week after failing to lodge income tax returns and Business Activity Statements (BAS) 91 times.

Ms Ahearn’s non-lodgement streak began in October 2008 and continued through the 2009, 2010 and 2011 financial years, with the sentencing coming after “years of warnings”, the Australian Taxation Office said.

The 65-year-old road freight business partner also received court-imposed fines of $20,000 and $30,000 before the sentencing. The two fines have not been paid.

“While we’re disappointed that we have not been able to resolve this matter outside of the court system, we hope that the sentence handed down today sends a message to the community that lodging your tax returns is not optional,” assistant commissioner Peter Vujanic said.

“Our key message to anyone who’s having issues is to work with us to sort things out. Burying your head in the sand isn’t helpful for anyone.”

Mr Vujanic said that business owners who repeatedly shirk their tax obligations are “gaining an unfair advantage”. As such, the court and ATO action comes down to the ATO’s commitment to maintaining a “level playing field”.

“No one is above the law,” the assistant commissioner added.

“Despite our repeated attempts to engage with Ms Ahearn to resolve her outstanding tax returns, she has shown a complete disregard for her basic obligations as a member of the Australian community.”

He said that the decision is a reminder to Australians of the potential penalties that come with “refusing to engage” with the tax office.