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ALL ORDINARIES Index (XAO) Down, Afterpay (ASX:APT) Share Price Drops

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 2.23% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 2.23% at lunch.

One of the worst declines belongs to the Afterpay Touch Group Ltd (ASX: APT) share price which is down by 3.7%.

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The Webster Limited (ASX: WBA) share price is going nuts, it’s up 52% after receiving a takeover offer from a Canadian pension investment subsidiary.

Perhaps unsurprisingly on a day like today, gold miners are performing the best at the midday point. The share price of Saracen Mineral Holdings Limited (ASX: SAR) is up by 4.6% and the share price of Northern Star Resources Ltd (ASX: NST) is up by 4.4%.

The Magellan Financial Group Ltd (ASX: MFG) share price is down only 0.8% after announcing that it has raised $862 million for its new Magellan High Conviction Trust which will cost Magellan $55 million in loyalty and IPO foundation units. Around 17,000 investors applied for the priority offer and 1,800 investors applied for the general public and wholesale offers.

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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.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account. (Psst. By creating a free Rask account, you’ll also get access to our 24/7 investor community, 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Access all reports now

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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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