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ALL ORDINARIES Index Up, Rio (ASX:RIO) Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.62% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.62% at lunch.

The Rio Tinto Limited (ASX: RIO) share price is up around 1% after the mining giant announced the effects of the recent extreme weather in Pilbara, Western Australia.

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Shares of Bubs Australia Ltd (ASX: BUB) have gone into a trading halt with the goat milk infant formula business announcing what its acquisition is and a new large shareholder.

The shares of debt collector Credit Corp Group Limited (ASX: CCP) have also gone into a trading halt, it is looking to raise $100 million from institutional investors to be opportunistic with its balance sheet.

The Asaleo Care Ltd (ASX: AHY) share price is down more than 1%, the company has completed the sale of its Australian Consumer Tissue segment for $180 million.

Woolworths Group Ltd (ASX: WOW) shares are up 2.5% after announcing a off-market buy-back and a review of Big W’s store network.

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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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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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