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ALL ORDINARIES Index Down, Rio Tinto (RIO) Shares Fall

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.17% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.17% at lunch.

The biggest contributor to the index’s fall is Rio Tinto Limited (ASX: RIO), the large miner reported it result yesterday. However, investors seem to not like what they saw, the Rio share price is down 3.3% so far.

Other resource shares are also among the largest falls. Regis Resources Limited (ASX: RRL) is down 3.2% and Western Areas Ltd (ASX: WSA) is down 3.14%.

At the positive end of the returns table, TV company Seven West Media Ltd (ASX: SWM) is up 3.57% today after giving the market an investor presentation.

Testing services business ALS Ltd (ASX: ALQ) is up another 2.5% today after giving the market guidance about the first half of its 2019 financial year.

Genworth Mortgage Insurance Australia (ASX: GMA) is one of the country’s largest mortgage insurers, its shares are up 2.67% today even though it reported a large decline in profit yesterday.

RBA rates are now down, here’s what I’d do next…

With interest rates down, 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 (+ franking!) from the ASX’s best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has 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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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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