In the Media

Trading Commission Fee is Costing You More Money than You Think

Finfeed - 04 Jun. 21

According to Dale Gillham, chief analyst at Wealth Within, Australia is pretty lucky when it comes to the quality of our stock brokers, although given the large amount of money that can be made in this industry, there is always a small minority that will take advantage of the unwary. This week, the Federal Court ordered Forex Capital Trading to pay a $20 million dollar penalty and the sole director to pay $400,000 for misconduct and breaches of his duties in what has been described as a Wolf of Wall Street type culture amounting to systemic unconscionable conduct. Trading in foreign exchange and other leveraged markets, such as CFDs, by retail clients has increased substantially since the COVID-19 pandemic hit our shores last year largely due to the commission-free propaganda surrounding these products...

Double-Digit Falls Expected for Mining Shares

Money Management Powered by FE - 04 Jun. 21

Mining shares are likely to fall with Fortescue faring worst with potential losses exceeding 20% according to Wealth Within. Dale Gillham, chief analyst at Wealth Within, said: “While China has imposed tariffs on other imports from Australia, it has stayed clear of iron ore, which indicates how important this commodity is to China and the growth of their economy in the future. Given the billions our government rakes in from the sale of iron ore to China, no doubt they would not want China’s demand for this commodity to slow, particularly given our ever-increasing account deficit”…

Finder’s RBA Survey: 87% of Experts Say Consumer Saving will Dip as Cash Rate Holds

Finder.com.au - 01 Jun. 21

In this month's Finder RBA Cash Rate Survey™, 40 experts and economists weighed in on future cash rate moves and other issues relating to the state of the economy, with all experts (40/40) correctly predicting a cash rate hold for this month at 0.10%. Dale Gillham from Wealth Within said "Whilst there is concern about inflation there are many different variables to consider as we look to open up our economy and get back to work. Currently until the vaccine uptake is more widespread there continues to be a threat of a third or fourth wave of COVID, and so raising interest rates would be premature...

RBA Survey: Average Sydney House Price to Increase by $216,300 in 2021, Say Experts

Finder.com.au - 31 May 21

In this month's Finder RBA Cash Rate Survey, 40 experts and economists weighed in on future cash rate moves and other issues relating to the state of the economy, with all panelists expecting a rate hold for this month. Dale Gillham, Wealth Within commented: "Whilst there is concern about inflation there are many different variables to consider as we look to open up our economy and get back to work. Currently until the vaccine uptake is more widespread there continues to be a threat of a third or fourth wave of COVID, and so raising interest rates would be premature...

What’s Next for the Australian Share Market?

Finfeed - 29 May 21

Wealth Within’s Dale Gillham tells us, “The Australian stock market has risen around 2.5 per cent over the past six days to achieve its highest close in two weeks. On five of those days, the market closed higher than it opened, which is normally a good sign, however, this is where the good news ends as I believe the Australian market will most likely start to fall away again. While it is possible for the market to continue to rise, my expectation is that the All-Ordinaries Index will start to experience some volatility over the coming few weeks with the market trending down…