In the Media

Should You Get a Life …360?

Finfeed - 11 Jun. 21

I was recently introduced to an app called Life360, which is designed for family and friends to share their location. One of the cool features of this app is that it allows family members to track how fast people are driving and to call for assistance if someone is in an accident, says Dale Gillham, founder of wealth management business Wealth Within. While the app is free, it also has some additional features, which subscribers pay for. When I investigated this company, I found it was headquartered in San Francisco but it had listed on the Australian Securities Exchange (ASX) in May 2019...

Best Performing ASX 200 Shares in May 2021

Canstar - 07 Jun. 21

Dale Gillham, founder of wealth management firm Wealth Within comments on the best performing ASX 200 Shares in May 2021: Wondering who lead the pack in the local stock market last month? We looked at the best performing ASX 200 stocks in April 2021, and have an update on how Australia’s biggest companies have performed. The ASX 200 gained 1.88% in May, but the best performing stocks for the month easily outshined the index. Here are the top performing stocks in May 2021: Resolute Mining Limited (ASX:RSG) gained 25.8%...

Retail Investors Fail to Understand FX

Money Management Powered by FE - 07 Jun. 21

Dale Gillham chief analyst at Wealth Within said, while these products were marketed as being ‘commission-free’, clients had two major misunderstandings of how the system worked. “What most retail clients fail to understand is that when they trade with a broker who is a market maker, they decide on the spread between the bid and ask price. Typically, this spread is much larger than a broker who mirrors the underlying asset. What this means is that the profits you could make amount to a lot less and your losses are much larger when trading with a market maker,” he said...

Commission-free Propaganda: Warning Issued for Retail Investors

nestegg.com.au - 07 Jun. 21

The phrase “If you’re note paying for it, you’re the product” applies just as much to stock trading apps as it does to social media networks. Wealth Within chief analyst Dale Gillham said that while trading in foreign exchange and other leveraged markets by retail clients has increased substantially since the COVID-19 pandemic began, a lot of the hype around such platforms leans on the inexperience of unwary retail clients. According to him, “What most retail clients fail to understand, however, is that when they trade with a broker who is a market maker (where they make the market), they decide on the spread between the bid and the ask price...

The Best and Worst Performers on the ASX this Week

Money Magazine - 04 Jun. 21

Dale Gillham of Wealth Within comments on the ASX Performers of the week: The best performer this week is Energy up more than 7% followed by Utilities up more than 4% and Materials up more than 2%. The worst performing sectors include Healthcare, Information Technology and Consumer Discretionary, as they are just in the red so far this week. The best performers in the ASX/S&P top 100 stocks include Worley up more than 13% followed by Santos up more than 11% and Origin Energy up more than 9%. The worst performing stocks include Link Administration down more than 6% followed by AMP down more than 4% and IDP Education down more than 3%...