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ALL ORDINARIES Index Rises, CBA (ASX:CBA) Share Price Rises

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.23% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.23% at lunch.

The Commonwealth Bank of Australia (ASX: CBA) share price is up 0.7% as APRA announced that it was adjusting its buffer for mortgage borrowers.

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The share price of Speedcast International Ltd (ASX: SDA) is down 4.1% after affirming that it won’t be the sole beneficiary of the US contract that it won.

Magellan Financial Group Ltd (ASX: MFG) shares are flat after revealing its funds under management (FUM) at June 2019, although its share price is up strongly up over the past month.

Shares of Costa Group Holdings Ltd (ASX: CGC) are down over 2% as Frank Costa announced his retirement from the Costa Board.

The Western Areas Ltd (ASX: WSA) share price is up 2.3% after announcing the Odysseus early works have been completed on time and budget.

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Disclosure: Jaz owns shares of Costa Group Holdings at the time of writing, but this could change at any time. 

$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.

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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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