In the Media

Earning Their Keep

Herald Sun - 25 Aug. 15

Many industrial companies will get a “free boost” from the fall in the value of the Australian dollar, however, shareholders are expected to look beyond this type of gain to examine underlying earnings and future prospects, Wealth Within founder Dale Gillham says. With wide expectations that most companies will meet their profit expectations this season, Mr Gillham says attention will fall on the next set of projected numbers. The outlook for the year ahead will drive share price movements on announcement days, he says. “Statements about the coming year will drive the share price, investors will be looking for earnings forecasts...

All That Glitters is Not Gold

Daily Telegraph - 22 Aug. 15

For many investors, swapping cash to buy gold bars certainly has its allure, particularly when other investments may seem a lot more risky, but before you get too excited about the thought of holding gold, let me say that not all that glitters is your golden opportunity. As with any investment, there are times to buy and times to sell. In my experience, it is extremely common for investors to make mistakes when investing, simply because they fail to sell. Buying something before you understand when and how to exit can be financial suicide. But how do you sell, when you have never learnt how? This issue is so common, which is why, when teaching ‘the how’, I harp on about the importance of setting stop losses...

Astute Investors Read the Charts

Geelong Advertiser - 25 Jul. 15

After the global financial crisis, we saw a rise in the number of class actions in Australia launched by shareholders claiming compensation against listed companies. Can we blame share holders who question whether they can trust the people who run Australian-listed companies to do the right thing? One example was Sigma Pharmaceuticals (SIP), which settled in the Federal Court in late 2012, paying $57.5 million to shareholders after a class action launched by disgruntled shareholders. SIP had reportedly forecast for growth in 2009, but then posted a loss of $389 million some months later. The share price fell by around 50 per cent...

A Bigger Fish in the Telco Pond

Daily Telegraph - 21 Jul. 15

Shareholders of TPG Telecom and iiNet have a right to be a little concerned about the close look the Australian Competition and Consumer Commission is taking at the former’s proposed takeover of iiNet, and whether the move would substantially lessen competition in the telco sector and put consumers at a disadvantage. However, is this the only issue to be concerned about? Firstly, TPG is a multimedia full service telecommunications company. iiNet is an internet service provider, supporting broadband, telephony and mobile services...

SMSFs Falling Into Illiquidity Traps

SMSFAdviser - 15 Jul. 15

Speaking to SMSF Adviser, Wealth Within chief analyst Dale Gillham said he is seeing some SMSFs become involved in investments that are too high risk or illiquid for the life stage they are at, which is having negative consequences further down the line. “I’m finding 55- or 60-year olds looking at buying into property and leveraging and buying funds to get into property for their super fund and it’s not necessarily a good investment at that stage when you’re just about to move into retirement...