Want to invest ethically for a brighter future?
(but still make lots of money)?

Want to invest ethically for a brighter future? (but still make lots of money)?

 Take Rask’s FREE Ethical Investing course today.

  • Online & 100% free
  • ETFs, shares & Super
Want to invest ethically for a brighter future? 
(but still make lots of money)?

 Take Rask’s FREE online Ethical Investing course.

ASX 200 lower, Kogan (KGN) soars again

The ASX 200 (ASX: XJO) is currently down 0.2%, following on from a decline in overseas share markets.

We learned this morning from media reporting that the government is considering altering jobkeeper early for those people that received a payrise due to jobkeeper, as well as altering it for those businesses that have seen a recovery in their turnover.

Kogan.com (ASX: KGN) jumps

The online retailer reported its FY20 fourth quarter to date numbers which includes April 2020 and May 2020.

Kogan.com said that it has grown its active customers to 2.07 million as at 31 May 2020. That’s another 126,000 active customers added in one month. Not bad at all.

The company revealed that gross sales have increased by more than 100% in the FY20 fourth quarter to 31 May 2020. Gross profit has grown by more than 130%. ‘Adjusted EBITDA‘ has grown more than 200%, this measure excludes unrealised foreign currency and share-based compensation.

Read next: 

3 tech stocks to add to your watchlist right now: Tyro, Afterpay & Xero

Is it time to buy Afterpay (APT) shares for US growth?

3 reasons why I’d buy the BetaShares NASDAQ 100 ETF

Growth shares decline

There is widespread selling for growth shares in the ASX 200. The declines aren’t heavy, but most of them are down.

The CSL (ASX: CSL) share price is down 3.4%, the Appen (ASX: APX) share price is down 3.7%, The Pro Medicus (ASX: PME) share price is down 3.3%, the Xero (ASX: XRO) share price is down 2%, the Afterpay (ASX: APT) share price is down 2.5%, the Zip (ASX: Z1P) share price is down 5.2%. And so on, you get the idea.

The shares in green holding up the ASX 200

Obviously there has to be some shares out there keeping the ASX up during the growth selloff.

The Pilbara (ASX: PLS) share price is up 5.2% and the Sydney Airport (ASX: SYD) share price is up 4.6%. The big ASX banks are doing the heavy lifting. For example, the CBA (ASX: CBA) share price is up 1.1% and the Westpac (ASX: WBC) share price is up 1.4%.

From 200+ ETFs in Australia, our top investment analyst has just identified his #1 ETF for 2021 and beyond.

Low fees? Check.

Long-term growth potential? Check.

Regular cash returns? Check!

This ETF makes investing in ETFs "Super-Easy".

Simply click here or enter your email address below to access the full ETF report, ticker code, and step-by-step investment guide. Our expert's #1 ETF report is completely free.

No gimmicks, no payment, no credit card info. Just enter your email address below and we'll send you the report right away.

From 200+ ETFs in Australia, our top investment analyst has just identified his #1 ETF for 2021 and beyond.

Low fees? Check.

Long-term growth potential? Check.

Regular cash returns? Check!

This ETF makes investing in ETFs "Super-Easy".

Simply click here to access the full ETF report, ticker code, and step-by-step investment guide. Our expert's #1 ETF report is completely free.

No gimmicks, no payment, no credit card info. Just click the link below and enter your email address. We'll send you the report right away.

CLICK HERE TO GET THE REPORT

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

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 #383169.

Keep reading:

General Financial Advice warning
The information on this website is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. 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. Please read our Terms & Conditions and Financial Services Guide before using this website.

© Rask Australia 2020

Join 20,000+ smart investors

Join the Rask Australia mailing and we’ll send you free investment reports, podcasts, expert insights, investing courses, ASX news and lots, lots more. All free. 

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian-owned.

feedback-icon

What can we do better? Please give us us some feedback :)

We care about your experience, please let us know if you have any suggestions to improve our site.