Wealth Within

Hi All
Does anyone here follow Dale Gillham's strategy from Wealth Within.

I did try to search but came up within nothing.

Would be keen to learn more about this group.

Cheers, AL

Quite a few years ago now (when the market was strong) we went to a talk by Dale Gilham, and bought his book. The book was good reading - then we proceeded with subscribing to one of his portfolios for a year - taking his advice on what to buy and sell. We did not renew after that.

We did not enroll in the wealth within course because we were not into trading and hence did not see a lot of values in it for us. But we did ask for references from people who did the course, and some spoke highly of it.

hi pthm
do u mind providing info on how the performance of Dale's portfolio went and why you did not continue with this?

I am just doing the ground work and should receive his book this week and possibly do the course depending on what I read etc.

Many thanks.

Cheers, AL

We took the one year subscription for one of wealth within portfolios as we were curious what shares they bought and sold - and why they did it. We followed some of their recommendations but not all because we did not like some of the companies they bought and sold. I guess it was silly of us for not strictly adhering to their recommendations - instead we had our own views on some. In the end our portfolio was not replicating theirs. Also, in a strong market ours and theirs performed well. But, not sure how they would perform in this weak market.

In the end we decided to select a few stocks to hold instead of trading in and out of the portfolio. One thing we learned and should do (but did not) was to set "loss trigger prices" for every share (eg 20% below the purchase price) and adhere to it. Now, we are a bit more disciplined.

I met Dale Gilham a few times at expos and he came across very personal and genuine.

I think also Dale and another guy Allan Hull work on Trend Trading and at the moment we are in volatile times so their plan does not work so well. I have the book about beating the managed funds by 20% and if you are a long term investor and not worried by the 'noise' of daily fluctuations then you will do well. Of course you have to pick a stock that is continually rising which in the current market there are not a lot that are trending upwards continually.

Thanks everyone for feedback, I very much appreciate.

I am still researching technical analysis and various strategies in current climate. Stop losses - Dale has recommended 15% below purchase price. One lesson I have now learnt.

From what I have researched it seems like this may be a good operation.

Dale's clients are currently not trading but are just parked - cashed up earning 8%. He has stated that he is not buying shares for clients at present until he sees a change in current trend.

They organise margin loans for their clients and use St George, I notice that SGB were nominated as the best bank for this product in the AFR Smart Investor Mag, this month).

I am very keen on the courses as they seem to provide excellent ongoing backup which is also what I am looking for. I prefer hands on approach. I am to date impressed with info they have provided, and will continue to research.

I plan to provide feedback on this group good or bad and hopefully we may all benefit.

Cheers, AL

"I am still researching technical analysis and various strategies in current climate. Stop losses - Dale has recommended 15% below purchase price. One lesson I have now learnt."

In my opinion 15% stop is rather too high even if do have got a very deep pocket.
You better read this: Limiting Losses
Also reading some other good books (mentioned already many times on this forum) on this subject may help.

Hi Tropo

Thanks for the link, very interesting.

I guess a stop loss will vary depending on your tolerance to risk.

In Dale's book he recommends to never set a stop loss less than 10% he explains that you will get stopped out of trades - or sell out too soon - some of which may be potentially very profitable.

Cheers, AL

thier Funds seem to be performing okay?