In the Media

RBA Announces August Rate Rise

Accountants Daily - 02 Aug. 22

The RBA has decided to increase the cash rate target for the fourth month in a row, raising it by 50 basis points to 1.85 per cent. This follows an increase of 50 basis points in both June and July, as well a 25 basis points increase in May. Wealth Within chief analyst Dale Gillham said the RBA seem “hell-bent on pushing the interest rates up to what they consider to be normal as fast as they can”. “They seem to want to incrementally raise them until they get to where they want them, rather than wait to see if recent rises slow inflation down,” said Mr Gillham...

Finder's RBA Survey: All Experts Predict Another Cash Rate Rise

Finder.com.au - 29 Jul. 22

As soaring inflation and the cost of living continue to bite at household budgets, both homeowners and renters should brace for more. In this month's Finder RBA Cash Rate Survey, 26 experts and economists weighed in on future cash rate moves and other issues relating to the state of the economy. Dale Gillham, Wealth Within said "The RBA seem to be hell-bent on pushing the interest rates up to what they consider to be normal levels as fast as they can. They seem to want to incrementally raise them until they get to where they want them, rather than wait to see if recent rises slow inflation down...

Aussies Are Still Shopping - Here's What That Tells Us About the Economy

Money Magazine - 29 Jul. 22

Money Magazine ran an article based on Wealth Within's chief analyst Dale Gillham's weekly market wrap - "You could be excused for thinking that the Australian economy and Australians themselves are doing well when you hear that the unemployment rate is at a 50-year low and underemployment is tumbling to a 40-year low. You might even be feeling positive despite inflation breaking above 6% and being at its highest level since 2001. While many are employed, inflation is eroding our spending power with price rises across the board and with the three interest rate rises over the last three months you would think retail spending would be falling. Yet according to the RBA it was up 0.2% in June this year and up 12% compared to June 2021. The RBA will report on retail spending again on August 3 and August 28, so it will be interesting to see if spending continues to increase...

Retail Investors Risk Being Burnt Seeking Short-Term Returns

Money Management Powered by FE - 12 Jul. 22

There are “alarming” signs that retail investors are dismissing market movements in the hope of chasing short-term returns, according to Wealth Within. In an update, Dale Gillham, chief analyst, said he was concerned by trades he was seeing from retail investors in a bearish market. The ASX 200 had lost 6% over the past month to 8 June while the All Ordinaries was down 6.2%. Since the start of the year, the ASX 200 was down 11% and the All Ords was down 13%. In the short term, this was worse than other global markets with the S&P 500 and FTSE 100 down 5% and the Dow Jones down 4.6%. Gillham said: “It is still too early to tell if the index has stopped falling. “What is alarming is that retail investors are ignoring the warning signs and buying buying stocks hoping and, I dare say, praying for them to rise, as there is movement in many speculative stocks as these investors chase short term returns...

Finder's RBA Survey: Cash Rate Hike to Cost the Average Homeowner $424 a Month

Finder.com.au - 05 Jul. 22

In this month's Finder RBA Cash Rate Survey, 31 experts and economists weighed in on future Reserve Bank of Australia cash rate moves and other issues relating to the state of the economy. The majority of panellists (94%, 29/31) correctly predicted a cash rate rise in July of 50 basis points from 0.85% to 1.35%. Almost all panellists (91%, 20/22) believe goodwill measures such as Woolworths' decision to put a price freeze on many essential items will help household budgets. Dale Gillham of Wealth Within said it brings certainty to families and this helps them stick to a budget. "It also benefits Woolworths as shoppers will not hunt for the best prices at other retailers," Gillham said...