According to Michael McCarthy, chief market strategist at CMC Markets and host of The Artful Trader podcast, there are certain investor personality traits that seem to predict success in the sharemarket.
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.
