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ALL ORDINARIES Index Falls, Commonwealth Bank of Australia (CBA) Shares Drop

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.03% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.03% at lunch.

The Commonwealth Bank of Australia (ASX: CBA) share price is down 1.3% at lunch and is the biggest cause of the index’s decline.

Another of the major falls in the ASX 200 is fund manager Pendal Group Ltd’s (ASX: PDL) fall of 2.66% after the market was disappointed with its June 2018 funds under management update.

The share price of BWX Ltd (ASX: BWX) has dropped by 2.8% this morning after confirming it is being sued in the US by a business broker.

Village Roadshow Ltd (ASX: VRL) shares are in a trading halt after announcing it would raise $51 million to pay down debt.

Aerial imaging business Nearmap Ltd (ASX: NEA) is up 18.4% after announcing that its US business is making progress.

The share in the ASX 200 to have gained the most is IPH Ltd (ASX: IPH), the intellectual property company’s share price is up nearly 5%.

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.

Click here to join The Rask Group’s Investor Club Newsletter and Download The Ebook!

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

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(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

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