ALL ORDINARIES Index Up, Telstra (TLS) Shares Fall

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.63% at lunch.

The Telstra Corporation Ltd (ASX: TLS) share price is currently down 5.5% after presenting at its investor briefing day where it announced it would be cutting 8,000 jobs, among other interesting news items.

Another share to fall is fellow telco business Vocus Group Ltd (ASX: VOC), it’s down by 2.85%.

At the green end of the ASX boards, Bellamy’s Australia Ltd (ASX: BAL) is up by 4.76%, Altium Limited (ASX: ALU) is up by 3.88% and WiseTech Global Ltd (ASX: WTC) is up by 4.33%.

Real estate agent business Mcgrath Ltd (ASX: MEA) is up by 14.7% this morning after receiving a $10.7 million investment by Aqualand.

The Pushpay Holdings Ltd (ASX: PPH) share price has risen by 2.37% after the co-founder sold his shares.

Businesses with foreign earnings exposure continue to rise due to the falling Australian dollar, for example Macquarie Group Ltd (ASX: MQG) is up by 1.59% today.

Did you know Warren Buffett was a millionaire in his late 20’s but ‘only’ worth $300m at his 50th birthday? Now he is a $US84 billion investor.

That means he made 99% of his wealth after turning 50! How does a 50-year-old do that? Download the free Aussie investing ebook, “What Buffett’s Investing Checklist Can Teach Aussie Investors“ when you join the free Rask Group Investor Club Newsletter. You’ll get insights into the 4 steps Buffett uses to pick his investments.

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