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ALL ORDINARIES Index Rises, Westpac (ASX:WBC) Shares Up

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.09% at lunch. 

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.09% at lunch.

The Westpac Banking Corp (ASX: WBC) share price is up 0.4% after the major ASX bank announced a reset for its wealth division with a major restructuring.

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Shares of global logistics software business WiseTech Global Ltd (ASX: WTC) have gone into a trading halt with the company announcing a capital raising of at least $250 million to continue its growth strategy

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TPG Telecom Ltd (ASX: TPM) shares are up 0.6% with the telecommunications company revealing its half year result showing a significant hit to statutory earnings due to the writedown of its 5G mobile roll-out. However, underlying earnings registered a slight improvement. The dividend was maintained at 2 cents per share.

The Xenith IP Group Ltd (ASX: XIP) share price is down nearly 2% with the law company’s Board labelling the IPH Ltd (ASX: IPH) takeover bid as “not a Superior Proposal”.

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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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