Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.59% at lunch.
Many of Australia’s blue chips are in the red this morning. Australia and New Zealand Banking Group (ASX: ANZ) is currently down by 1.28% and BHP Billiton Limited (ASX: BHP) is in the red by 1.61%.
One of the worst price movements on the ASX at lunch is National Veterinary Care Ltd (ASX: NVL), its share price has fallen 8.6% after giving the market an update about FY18 expectations.
The Ruralco Holdings Ltd (ASX: RHL) share price is down 2.33%. The agricultural company gave investors a projection of its FY18 profit.
Another business to be in the red is Altium Limited (ASX: ALU), the technology company’s share price has declined 7.5% due to a broker suggesting its shares could fall to $16.
Fund manager Pendal Group Ltd (ASX: PDL) is down a further 4% at lunch after revealing a funds under management (FUM) update that disappointed investors yesterday.
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.