In the Media

Sea of Red Mars ASX; Lithium Bulls; What to Expect Next?

Proactive Investors New - 07 Jul. 23

Wealth Within chief analyst and founder Dale Gillham looks ahead at what we may see happen with the market in the near future. Once again, the All Ordinaries Index has been interesting to watch as it continued to display the extremes of both bullish and bearish sentiment. After rising 1% earlier in the week, the market fell over 1.5% in the last two days to now be trading slightly in the red overall for the week. Last week I mentioned that while it may feel like the market is bearish, it has not been overly bearish or bullish. Given what has transpired this week, if the market continues its downward move on Friday to close lower the situation may change. I continue to stress that I am concerned that there may be further falls to 7,000 points or slightly below and if Friday is bearish, it raises the possibility that we will see an increased bearish sentiment over the next few weeks...

Experts Split on RBA Cash Rate Hike in July

Dynamic Business - 03 Jul. 23

As the Reserve Bank of Australia (RBA) contemplates its next move, experts in the country remain divided over whether the cash rate will be raised on July 4. In the latest Finder RBA Cash Rate Survey, 39 economists and experts provided their insights, revealing a near-even split on the potential rate adjustment. With 51 per cent of the panelists predicting an increase and 49 per cent forecasting a hold, uncertainty looms over the RBA’s decision-making.  Dale Gillham from Wealth Within echoes this concern, noting that many Australians are living paycheck to paycheck, leaving them vulnerable to financial turmoil in the absence of a steady income stream...

What Happened in the Market This Week and What’s Next

Proactive Investors New - 30 Jun. 23

The ASX will finish the week flat. Just after midday on Friday, the local market was up just 4.40 points today to 7,199.30. Dale Gillham - chief analyst at Wealth Within, takes the crystal ball to what may happen with the market in the coming weeks. Last week I mentioned that a week can be a long time in the stock market given what transpired and the same can be said this week given that the All Ordinaries Index is currently up over 1%. It has once again displayed the extremes of both bullish and bearish sentiment after falling on Monday to its lowest point since March before rising over 2% over the next three days. So, without wanting to sound repetitive, is the market continuing to defy logic...

How to Get a Strong Start to the New Financial Year

Money Magazine EDM - 30 Jun. 23

Now that we're at the start of the new financial year, it's time to review your investment strategies to take advantage of any potential tax benefits says Wealth Within analyst Dale Gillham. Whether you're a seasoned investor or just starting out, it's essential you do something, as we all know what happens when you do nothing. One of my rules is to never treat a tax refund as a win-fall, always treat it as savings and invest it into growth assets...

Another RBA Rate Hike Could Send Australia into Recession

Yahoo News - 30 Jun. 23

The country’s experts are almost evenly split on whether the Reserve Bank (RBA) will lift the cash rate again in July. In this month’s Finder RBA Cash Rate Survey, 39 experts and economists weighed in on future cash rate moves and other issues relating to the state of the economy. A very slim majority of panelists (51 per cent) believed the RBA would increase the cash rate in July, leaving 49 per cent forecasting a hold. Wealth Within chief analyst Dale Gillham said, prior to the past few years of COVID and rising interest rates, Aussies were accumulating more debt than ever before. “Things have not really changed. The average Australian can't live without an income stream for more than a few weeks and this is disturbing,” Gillham said. “So, what little savings net they have now is not significant enough, and this has been concerning me for quite some time...