Ask HN: What was your best passive income in 2020?

#1

Post by ankushio » Tue, Jul 06, 2021, 1:01 PM UTC

Any side projects, Game, OSS, Hacks.

Re: Ask HN: What was your best passive income in 2020?

#2

Post by bwh2 » Tue, Jul 06, 2021, 1:33 PM UTC

Low cost index funds provided a 16% return in 2020 and require nearly zero effort.

Re: Ask HN: What was your best passive income in 2020?

#3

Post by bradfields » Tue, Jul 06, 2021, 1:35 PM UTC

I'm about £6 up from crypto

Re: Ask HN: What was your best passive income in 2020?

#4

Post by fny » Tue, Jul 06, 2021, 1:36 PM UTC

bwh2 wrote: post #2

Low cost index funds provided a 16% return in 2020 and require nearly zero effort.

This is not passive income. This is asset appreciation.

Dividends or rent collection qualify as passive income.

Re: Ask HN: What was your best passive income in 2020?

#5

Post by vbtemp » Tue, Jul 06, 2021, 1:36 PM UTC

My best passive income is probably my day job, my investments require a lot more focus and time.

Lol, guys, it's a joke.. kinda.

Re: Ask HN: What was your best passive income in 2020?

#6

Post by killingtime74 » Tue, Jul 06, 2021, 1:37 PM UTC

VOO. SP500 ETF

Re: Ask HN: What was your best passive income in 2020?

#7

Post by thomascgalvin » Tue, Jul 06, 2021, 1:37 PM UTC

bwh2 wrote: post #2

Low cost index funds provided a 16% return in 2020 and require nearly zero effort.

This, 100%. No hustle, no gimmicks, just the same passive investing advice we've known for like thirty years now.

If you're in your twenties and thirties, it is absolutely worth scrimping and saving to put as much as possible into a retirement account that tracks the S&P 500, or the worldwide stock market, because this is the single surest way for "normal" people to retire rich.

Re: Ask HN: What was your best passive income in 2020?

#8

Post by domains808 » Tue, Jul 06, 2021, 1:38 PM UTC

Domain names, sales and traffic (PPC).

Traffic (PPC): Approximately US$ 10K a month. You have to have names that have type in traffic.

Sales: Not truly passive as we do reply to inbound inquiries and manage a sales pipeline. It's highly lucrative if you have .Com domains that businesses want.

Re: Ask HN: What was your best passive income in 2020?

#9

Post by dukeofharen » Tue, Jul 06, 2021, 1:38 PM UTC

I run and develop the trailer booking website for my fathers company. I earn based on the number of bookings. For some reason (possibly COVID) a lot of people moved so it was a very busy year, which means I got a nice little side income.

Re: Ask HN: What was your best passive income in 2020?

#10

Post by thesuperbigfrog » Tue, Jul 06, 2021, 1:38 PM UTC

bwh2 wrote: post #2

Low cost index funds provided a 16% return in 2020 and require nearly zero effort.

They do require starting capital which the asker may or may not have.

Still, it is a good option if your finances allow.