101–110 of 178 posts
I invested in 4 industrial real estate projects over the last 1 year. They currently net me ~2500 a month. Total investment: ~250K Property values: 3-10M I don't own these properties myself. I own a part. This is similar to Fundrise, except it's with a local investment group.
Not really passive but almost. I sell bicycle bells on etsy[1]. It started with a friend that had the idea and later left the project. Initially I joined mostly because I was interested in finding a technical solution for how to print them. The fun tech is that I use a pen plotter. [2] I don't really make that much money selling them but at the same time I had a 400% increase in sales this year (Thank you etsy algori…
I released Video Hub App almost 3 years ago and have been adding features over time. It's a project of love, and I give $3.50 of every purchase ($5) to charity, so the income isn't the main point. This year I averaged about 100 sales per month. https://videohubapp.com/ - browse, search, and organize your videos (PC, Mac, Linux) GitHub: https://github.com/whyboris/Video-Hub-App
The link in your GitHub page to purchase your app point to a 404. "This software is available for $5.00 through videohubapp.com" It's a very nice app!
I started a SaaS service [1], in Aug 2019, to extract tables from images and scanned PDFs. Launched with a post on hacker news. I added couple of contractors who share the development on-demand. Last month, for the first time, we hit 10K users, no paid advertising, hitting 170K requests per month. Not expecting to cash out any profits now, investing them in the development. Now, I'm dealing B2B contracts and taking c…
Looking at your post history tells me that you took another person’s open source software and trying selling it as pro version without credit. Why did you do that? Do you have any ethical sense when building or selling software?
Selling weekly covered calls on stocks in my equities portfolio, 2k per week, super passive.
Mind sharing your strategy? Very OTM calls? What type of stocks?
It's amazing that people will consistently pay me money for the chance to buy my stocks at the end of the week.
Selling weekly covered calls on stocks in my equities portfolio, 2k per week, super passive.
Are you worried about missing out on a big upswing?
Selling weekly covered calls on stocks in my equities portfolio, 2k per week, super passive.
With how much capital?
But I have capital in other portfolios with different strategies, including one where I took a massive short position in NKLA and made a ton of money, though I wish it had gone to ZERO. Here's where it all started: https://news.ycombinator.com/item?id=24473631
When the lockdowns started happening in March, I began trading the stock market. My YTD realized gains is equal to my base salary. About 140k. I am proud of all the trading I did. Living on the west coast it also turned me into a morning person, where market opens at 6:30am. Good side effect :)
If you had any amount of money to buy stocks in March you will have made a killing. To what extent is this sustainable?
Let me clarify my situation first. I didn't have a bunch of cash to buy stocks in March. I worked at Google for 4 years and had all my cash sitting in GOOG stock via RSU vests. I didn't hold any other positions. Over the course of weeks I watched all the gains that had accumulated over those 4 years evaporate to nothing. There were a few days where these savings actually went red. By the time the bottom hit I didn't have a bunch of cash sitting around. I had a bunch of stock that had lost substantial value. I remember thinking "I am now officially losing money I had previously earned from hard work". I got really scared. I thought I was going to _continue_ losing money. The bottom never really looks like a bottom when you are in the thick of it.
This is the _starting point_ for when I began to actively trade around my equities. I thought, the markets are wild right now and here is my chance to come out ahead. I can sell all this GOOG stock tax free since there was no capital gains any more (consolation prize for me). Let's get going. It was difficult because I was so used to the comfort of just holding the same thing and watching it grow. It was like the autonomous car just handed over the steering wheel as it was going off course and I needed to get back on the track and learn to race at the same time. I now have a balanced portfolio, with tons of extra cash with a lot less exposure to GOOG. I also quit working for them.
I do think what I've proven to myself is that I can read environments, react accordingly and have the conviction to make good moves at the right time. The world will be different going forward and the same opportunities might not exist. I built confidence but most importantly I learned that I absolutely love waking up in the morning each day and getting into it. This is something I didn't have working at Google, and whether I can sustain this or not, I know I am moving in the right direction (away from there!).
When the lockdowns started happening in March, I began trading the stock market. My YTD realized gains is equal to my base salary. About 140k. I am proud of all the trading I did. Living on the west coast it also turned me into a morning person, where market opens at 6:30am. Good side effect :)
Congrats! Just be careful and don't quit your day job. Buying leaps on almost anything that dipped in march (and has since recovered) payed out 60-100% returns, and that's not likely to happen again anytime soon.
I still hold all my LEAPs. I am up 60-100% on those but they are unrealized and don't want to pay taxes on them this year. We will see where things land when I sell them. Anything can happen.