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

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141–150 of 178 posts

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

#141
post #19

I put all my savings in crypto.

I could say this is my case too. Back when I bought I didn't invest everything I had but now I burned almost all my savings with no income so what I have in crypto is worth more than what I have in my bank.

Sadly I didn't sell when I could make x12 profit as I didn't expect it to drop as much as it did. Now I'd lose money selling so I'll leave it there and forget about it.

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

#143
post #106

Earlier quoted context omitted.

The market is on an uptrend, so I go for OTM calls maybe about no more than 10% above the current price. If I get assigned then I just buy back my position anyway, a little loss of profit, but most of the time these calls are expiring worthless and I keep the premiums. Could probably make more money getting calls closer to the money, but I don't want the hassle really. It's amazing that people will consistently pay m…

Do you look for high IV or low IV contracts?

I look for high IV in stocks whose patterns I've become familiar with overtime to get a real sense if it will actually hit a certain strike. I have stocks that I know are prone to selling off at certain resistance points just by watching them do it repeatedly, but some options buyers may not know that since. So I profit off knowledge asymmetry and am comfortable with the high IV.

If I don't know the stock well (maybe less than a month or so of watching it daily) I'll just get a low IV contract.

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

#144

Earlier quoted context omitted.

they want the traffic and recurring revenue, they don't care about the site

How'd that work out for fox when they bought myspace?

Well if we're going to ignore all of the variables in this manner it seems to be doing them super well, they're still in business!

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

#145
post #106

Earlier quoted context omitted.

The market is on an uptrend, so I go for OTM calls maybe about no more than 10% above the current price. If I get assigned then I just buy back my position anyway, a little loss of profit, but most of the time these calls are expiring worthless and I keep the premiums. Could probably make more money getting calls closer to the money, but I don't want the hassle really. It's amazing that people will consistently pay m…

Is there a book or learning source you recommend?

I don't have any books specifically for options, I learned options through random online courses, and read other general books about investment and stock trading.

What's important is to not take other people's experiences in the market as "knowledge". People say a ton of stupid shit and give you the sense you cannot even make 1% more than whatever the market does so you might as well just buy an index and hold forever. Literally in 2020 my stock portfolio is 83% higher than what it was at the start, which is probably an unbelievable amount for people who think anything more than 10% gain in a year probably means you're taking massive Las Vegas style risks or whatever. To be fair though, I'm sure anyone who has remained invested in this market has seen similar gains, so it's not like I should be working at a hedge fund or something.

I took a lot of the conservative advice for too long: investing in value, looking at fundamentals, avoiding cultish stocks. It was a waste of time. I bought Cloudflare and Fastly last year at IPO putting almost $20k in each and have made over $75k profit off of both, and that's just two of my stocks.

I find the amount of money you're willing to risk is a very personal thing, and often is influenced on how much money you're getting from other sources of income in your life. Since I'm a typical dev making six figures a year I'm willing to risk quite a bit.

For me, I treat my stock portfolio more like a business than some kind of savings account for the future. That helps me make optimal decisions and not get swept up in emotions. Businesses do go out of business and you can lose all the money you invest in them, so why not a stock portfolio?

Truth is though, my risk was never all that great anyway. A couple tens of thousands in losses doesn't really move me anymore since I know recovery is always possible, and almost always seems to propel you to greater highs if it happens. There was a point this year I lost $60k in gains, but I held strong and it all came back and then went on to make even more massive gains.

Enough of this rambling though, my advice is just get out there and see the truth for yourself. You'll see what I mean.

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

#146
post #107

Earlier quoted context omitted.

Are you worried about missing out on a big upswing?

Not really, if the calls get assigned it means I made a ton of profit from holding the stock anyway, I can deal with a little bit of loss. The biggest shit-your-pants upswing that happened in a short period of time was TWLO, I did eventually get back in and went on to make more money though.

It sounds good. I just can’t wrap my brain around it.

Basically if you get called out you wait for the price to come back down and buy in?

If it was a hot stock though you could be burned forever if you miss the rocket takeoff.

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

#147
post #133
post #64

String of free sudoku sites ad supported have been earning $1000+/month steadily since 2005: https://www.samurai-sudoku.com https://www.fiendishsudoku.com https://www.sudokuhints.com https://www.extremesudoku.info https://www.easysudoku.org https://www.sudukopuzzles.org https://www.sudokuprintables.org

Where does that $1000+/month come from?

Likely the ads alongside the games

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

#148

I started a niche YouTube channel on Python for Stock and Crypto Trading, very beginner level: https://youtube.com/parttimelarry Over $2K/month as of November from a combination of YouTube ad revenue, Buy Me a Coffee donations, and affiliate links (TradingView Pro Subscriptions, Tradier, Amazon books etc). Should hit 10,000 subscribers in the next couple of weeks. Plan is to grow this to 100,000 subscribers over the…

Surprised to see you here. I really enjoyed your videos and they got me back into Python. Thank you.

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

#150
post #115

Probably a bit offtopic, but I just sold a land I bought 15 years ago with the intent to build a house with my now ex. Very good ROI.

15 years is a looong time, though. Can you compare your returns with having put everything into ETFs or even some kind of bonds way back?

I sold 2.6 times the price I paid to buy it. I have no idea how much ETFs would have given me in that time span.
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