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ALL ORDINARIES Index Down, Telstra (TLS) Shares Up

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.45% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.45% at lunch.

However, one large business that’s in the green is Telstra Corporation Ltd (ASX: TLS), it’s up 0.7% after the telco announced leadership and organisational changes.

ELMO Software Ltd (ASX: ELO) shares are up by 5.6% after revealing to investors an 86% jump in its quarterly cash receipts and a 55% increase in its annual cash receipts.

Resource business Syrah Resources Ltd (ASX: SYR) has fallen 7.2% so far after giving its quarterly production update to the the market.

Another resource business to be down heavily today is Sandfire Resources NL (ASX: SFR) is has fallen 7% at lunch.

At the other end of the performance table is AMP Limited (ASX: AMP), the diversified financial business is up 4.5% so far. It is shrugging off negativity after announcing changes to its business and also announcing a compensation package for customers who received poor advice over the last decade.

$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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Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #563 907.

Picture of Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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