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

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

#13
While not entirely passive, I developed a SaaS[0] to scratch my own itch. As a freelancer I often use Asana[1] with clients but one serious missing feature is easy referable task IDs like Jira. (e.g. HN-123) Furthermore, having git commit messages as notifications in your tasks is also a really nice addition. So, meet Astogi[0]. Currently it isn't replacing my freelancing (yet) but it generates a small decent income which is for a big part passive.

[0]: https://astogi.com

[1]: https://asana.com

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

#14
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.

There are a lot of people who think that returns are going to be lower going forward due to 1) reduced productivity, 2) more people investing with too much liquidity looking for a home, and 3) high starting valuations.

I don't have much of a better idea tbh but I'm always seeking alternative investments.

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

#15
post #4
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.

These days, with stock buybacks, a portion of stock price increases are actually dividends.

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

#19
post #4
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.

It's effectively the same.
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