In the Media

The sharemarket marked the Black Friday sales with its third consecutive week of declines, dropping as much as 2 per cent after fresh Covid variant of concern sent a shudder through global financial markets and local travel stocks. Wealth Within's chief analyst Dale Gillham pointed out that the sharemarket has barely moved in weeks ahead of the rout - up ust 9 points over the previos 26 trading days to this Thursday. "I would not be surprised to see the All Ordinaries Index fall away up to 5 per cent over over the next few weeks before rising up into February," he said...

According to Dale Gillham, chief analyst from Wealth, there has been a lot of talk about climate change with the recent climate summit and it has been suggested that part of the way forward is to phase out internal combustion engines because electric vehicles (EVs) are supposedly the way of the future. "Indeed, over the past decade, there have been huge advancements in battery technology with lithium-ion batteries the choice for EV production." he said. "The demand for electric vehicles and the batteries that power them has sent lithium and lithium stocks soaring with the demand for EVs expected to rise dramatically over the next decade. Another mineral that is less talked about but just as essential to lithium-ion battery production is graphite... 

While cryptocurrencies have seen sharp gains in recent years, they have managed to avoid the glare of the regulator and have not been widely used by retail investors. Dale Gillham, Wealth Within chief analyst, said: “Until recently, trading cryptocurrencies was considered very high risk, as it was largely unregulated, which encouraged dodgy practices by some providers. However, the news from CBA and the intentions of ASIC to regulate this market does add some respectability, which will reduce some of the risks Australians have been subjected to when trading cryptocurrencies. That said, many investors fail to learn from the mistakes of the past and cryptocurrencies are just the latest vehicle investors are jumping into in the hope of making some quick gains...

With major banks fully embracing the appeal of buy now, pay later apps, the pressure is on. Wealth Within chief analyst Dale Gillham said that while the war between Australia’s biggest banks and buy now, pay later operators is heating up, it’s been something of a slow burn. “The big four banks are good at sitting back and watching others take the risk to develop a market before entering, and this is very much what they have done in the BNPL space,” he said... 

With major banks fully embracing the appeal of Buy Now, Pay Later apps, the pressure is on. Wealth Within chief analyst Dale Gillham said that while the war between Australia’s biggest banks and Buy Now, Pay Later operators is heating up, it’s been something of a slow burn. “The big four banks are good at sitting back and watching others take the risk to develop a market before entering, and this is very much what they have done in the BNPL space,” he said. Recent months have seen more and more traditional Australian banks put their own spin on zero-interest and instalment-based credit. Two weeks ago, Westpac joined CBA in offering a zero-interest credit card aimed squarely at the same marketplace as Afterpay...