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ALL ORDINARIES Index Higher, AMP (ASX:AMP) Shares Drop

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX: XAO), is currently up 0.40% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.40% at lunch.

The AMP Limited (ASX: AMP) share price is down 5.5% with the diversified financial business announcing a large dividend cut as part of its upcoming FY18 result.

Another business showing an even bigger decline is ResMed Inc (ASX: RMD), it is currently down 9.5% after reporting its second quarter result of FY19.

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At the positive end of the ASX is Iluka Resources Limited (ASX: ILU) which is 7.1% higher as a result of announcing its Pejebu Inaugural Mineral Resource Estimate.

The Auscann Group Holdings Ltd (ASX: AC8) share price is 2.4% higher because it announced it has acquired a research & development facility in Perth for $5.25 million.

Priceline operator Australian Pharmaceutical Industries Ltd (ASX: API) shares are down 6% with it one of the worst fallers in the ASX 200.

TV business Nine Entertainment Co Holdings Ltd (ASX: NEC) shares are up 4.6% at lunch.

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$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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(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

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