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ALL ORDINARIES Index Drops, CBA (ASX:CBA) Shares Fall

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

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

The Commonwealth Bank of Australia (ASX: CBA) share price is down 0.4% with the country’s largest bank admitting that its suspended its demerger plans due to all of the issues raised in the Royal Commission.

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The Zip Co Ltd (ASX: Z1P) share price is currently down 1.2% with the buy now, pay later company returning to trade after carrying out its institutional capital raising.

Shares of Kogan.com Ltd (ASX: KGN) have risen 6.7% with the online retailer launching Kogan Marketplace, which offers a huge range of products.

Myob Group Ltd (ASX: MYO) shares are down slightly despite the accounting software business announcing that the Directors have recommended the takeover deal.

Shares of Stockland Corporation Ltd (ASX: SGP) are up 0.15% with the property owner and developer announcing that it is selling two of its assets for $143 million, with more sales to come.

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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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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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