Upfront Investor | Lack of Action = Lack of Wealth….

Research shows that approximately 90 per cent of people who decide to invest in themselves and attend a self-help workshop do very little or even nothing from the time the workshop finishes. Most simply put their notes on a shelf or file them away never to be read again. But this is not why they gave up their time and money to attend is it?

At this time of year we get more people calling in to talk to us about stock trading courses, saying that they have always wanted to be a share trader or to improve their knowledge on investing in shares. When speaking to someone later in their life I often find that they attribute a lack of success not through lack of opportunity, but rather lack of action towards what they wanted to achieve. All the reasons come up as to why they did or did not do something, but these reasons are really excuses and an excuse is really just another word for the lie they told themselves covered with a skin of reason.

So rather than finding excuses why you did not or have not done something to assist in achieving your goals, I want to encourage you to look for the reasons why you need to make it happen for yourself now. In other words, what’s your deep-seeded ‘WHY’ for wanting to become a trader and/or investor? Let me be upfront in saying that learning to trade the markets is a two to five year process with a structured approach, and that there is no such thing as get rich quick.

So what do we expect in the market?

This week the All Ordinaries Index has pulled back into the top of the support zone between 5000 to 5200 points. At the start of the week we saw prices fall, in particular, sectors that have been leading the way for the market to rise took a hit, such as the financials. The rest of the week can simply be described as being up and down as short term traders tried to second guess the market.

The volatility is being driven by the US FED’s move to again cut their bond buying program by $10bn to $65 bn a month, which effectively reduces what I see as excess money supply. The big market players have known about the pending decision but have responded by selling stocks in the lead up and after the decision. I want to remind you that the big players want market volatility as this brings opportunities. The important point for investors to take away from this is to learn how the other side think, while not allowing yourself to get caught up in the emotion.


To your profitable trading,

Dale Gillham
Chief Analyst
Wealth Within

Dale Gillham, ‘one of the country’s most respected analysts’ (Wealth Creator Magazine, Nov/Dec 2004), sought after key note speaker and author of the best selling book ‘How to Beat the Managed Funds by 20%’. Dale has assisted thousands of traders and investors to learn to trade shares and become confident and profitable in their direct share investments. Tired of an industry saturated by quick fix gimmicks and expensive short-courses, Dale co-founded Wealth Within to provide ‘ real education and ongoing personalised support’, as well as independent investment adviceto traders and investors who have become disillusioned by the market for one reason or another. As testament to this, Wealth Within launched Australia’s first and only nationally accredited Diploma and Advanced Diploma of Share Trading and Investment.