The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December.  This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.

Tips and traps when buying shares for income

Today we want to focus on the tips and the traps when it comes to buying shares exclusively for income.

About the Author
Switzer Group

Switzer Financial Group (SFG) was founded 30 years ago by Peter Switzer (one of Australia’s leading business and finance commentators) and Maureen Jordan, now CEO of the company. SFG has since grown into three successful companies spanning media and publishing (creating written content as well as video, film and podcasts, with its latest acquisition being the licence to publish the 15-year-old global brand Harper’s Bazaar magazine and website in Australia & New Zealand), financial advice, insurance and business advice (www.switzer.com.au).