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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?

#151

Post by xwdv »

mrfusion wrote: post #146
xwdv wrote: post #107

Earlier quoted context omitted.

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.

Don’t let it get that far. If the stock is ripping up and you think it’s going to assign then you buy back the call (for a loss) and roll out to a new covered call at a higher price and further away.

The true risk is if the stock suddenly gaps up without warning, not the slow gradual climb in price. But that’s really around earnings time and I don’t sell calls during a stocks earnings.

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

#153

Post by lmiller1990 »

I made some income from content creation. I made 2 courses about Vue.js and wrote 1 book, for a total of around 7K USD. Not exactly passive, but I'm still really happy with my progress.

I wrote about it here: https://lachlan-miller.me/musings/reflecting-on-a-year-of-co...

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

#154

Post by jerry80 »

xwdv wrote: post #136
jerry80 wrote: post #119

Earlier quoted context omitted.

You could get even more passive by just investing in a buy-write index ETF. e.g. PBP or QYLD.

No thanks, I will keep stocks myself and write my own calls while flipping a bird at those indexes. Why would I want to miss out on the gains for the underlying?

Those indexes implement the strategy that you're talking about. I don't understand what you mean by "miss out on the gains for the underlying."

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

#156

Post by xwdv »

jerry80 wrote: post #154
xwdv wrote: post #136

Earlier quoted context omitted.

No thanks, I will keep stocks myself and write my own calls while flipping a bird at those indexes. Why would I want to miss out on the gains for the underlying?

Those indexes implement the strategy that you're talking about. I don't understand what you mean by "miss out on the gains for the underlying."

Am I missing something? If I invest in those indexes I’m not investing in the stocks I actually want to own.

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

#157

Post by amaurymartiny »

I built an open-source email verification API: [link redacted]. It checks if an email exists without sending any email.

I released the open-source lib some years ago, and built a Saas only this year in April. It started generating revenue (~$100MRR) since September, and I'm not really touching it anymore.

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

#160

Post by batmaniam »

Rinum wrote: post #47

I made a simple SQL card game and launched it on Kickstarter. Not exactly passive while developing, but from now on it should be. Not bringing in too much, just a few K this year so far. https://www.kickstarter.com/projects/rinum/rows-and-tables-t...

How did you find manufacturers for printing the physical cards/boxes? And why did you only price it at $100, doesn't most manufacturers require a base number of printing, like 1000 boxes?
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