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Ask HN: What was your best passive income in 2016?

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Re: Ask HN: What was your best passive income in 2016?

#281

Post by bb611 »

threeseed wrote: post #91
lowpro wrote: post #75

Earlier quoted context omitted.

This isn't necessarily true. The US dollar is actually increasing in value as people want their money to be safe. If Trump does bring back American jobs, meaning less jobs in Asia, the dollar buy will continue, depressing Asia and strengthening the US for now. But you're right, the OP definitely needs to tread lightly with property and the contracts. The devil is always in the details.

The unemployment rate in the US is 4.9% which is basically full employment. Now sure there are a number of people who don't report and those who wish to work more. But I don't think it's going to be easy to get those people back into work. Most are either in industries that are disappearing due to automation. Or they lack the skills/training to re-educate themselves. And without tariffs (which will impact exports) th…

Unemployment is only 4.9% because the participation rate dropped 3% points in the last 10 years: http://data.bls.gov/timeseries/LNS11300000

That's close to 10 million people who have stopped looking for jobs who we would otherwise expect to have them.

Re: Ask HN: What was your best passive income in 2016?

#282

Post by akwaryo »

monkeywork wrote: post #238
nkkollaw wrote: post #98

Earlier quoted context omitted.

Saw that on PH, looks good. May I ask what percentage of sales did you get? I'm going to launch my product soon, and I'd like to know what I can expect.

What is PH?

Product Hunt https://www.producthunt.com/

Re: Ask HN: What was your best passive income in 2016?

#283

Post by late2part »

hackerboos wrote: post #241
yonibot wrote: post #115

Earlier quoted context omitted.

This book taught me the fundamentals of passive investing ( https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/03933... ) and this website is THE online community for Bogle-style, passive investors ( https://www.bogleheads.org/ ), once you understand the basics.

I read that book this year. The entire book can be summarised as. Don't attempt to beat the market. The market cannot be beat (many examples in the book). Invest in index funds long term which is the right mix of risk/reward for most people. It does have a chart in the back which tracks your age and situation. For example as you approach retirement you should start to liquidate your funds and buy government bonds so…

Why did you choose Wealthsimple and Questrade instead of Vanguard like a lot of people on bogleheads recommend?

Re: Ask HN: What was your best passive income in 2016?

#284

Post by austenallred »

ABS wrote: post #70
austenallred wrote: post #11

I co-wrote a book on user acquisition and co-created an accompanying video course to climb out of debt left over from a failed startup. Made $104,000 in revenue since June (turns out the user acquisition stuff actually works), about 87k of which is profit, so we'll say ~$11,000/month part-time. It still makes me a solid $2,000/month now with zero work, and hopefully more once the book is officially published. (It's d…

Vincent Dignan, one of the worst twitter spammer I've ever blocked (more than once since he likes/liked to ignore complaints, open a new account and do it again...to the same people!). If spamming all of twitter in alphabetical order is an example of the growth hacks.... I see the account he used to do most of the spamming has been suspended by Twitter now https://twitter.com/vdignan

Ya, we had a sit down about that and I made him stop. It does work, but I don't care

Re: Ask HN: What was your best passive income in 2016?

#285

Post by austenallred »

Coding_Cat wrote: post #204
austenallred wrote: post #11

I co-wrote a book on user acquisition and co-created an accompanying video course to climb out of debt left over from a failed startup. Made $104,000 in revenue since June (turns out the user acquisition stuff actually works), about 87k of which is profit, so we'll say ~$11,000/month part-time. It still makes me a solid $2,000/month now with zero work, and hopefully more once the book is officially published. (It's d…

>I co-wrote a book on user acquisition and co-created an accompanying video course to climb out of debt left over from a failed startup. I hope the startup didn't fail because it couldn't attract users?

No, it failed because even with 500k users/month it couldn't make money

Re: Ask HN: What was your best passive income in 2016?

#286

Post by scrypt »

benevol wrote: post #194
jrheard wrote: post #13

Young hackers who have a surplus of income and have funds to spare that aren't being channeled toward debt / family / donations, heed me: save as much of your salary as you can, and put it in boring investments (index funds / etc), probably through vanguard.com (no affiliation, I just use them and have heard nothing but good things from people I trust). You can pretty easily set up your job's direct-deposit system so…

It's good advice to save money and to spend conservatively, if you're poor. On the other hand, the implicit question of the post was "what did you create to generate passive income" (it's called "Hacker" News, not "Invester/Banker" News).

> It's good advice to save money and to spend conservatively, if you're poor.

It depends on how well you manage the present. Aiming towards some perfect idyllic scenario in the future is not always so wise. It depends on how you manage that particular present you have crafted for yourself in the future.

Re: Ask HN: What was your best passive income in 2016?

#287

Post by austenallred »

pmx wrote: post #59
austenallred wrote: post #11

I co-wrote a book on user acquisition and co-created an accompanying video course to climb out of debt left over from a failed startup. Made $104,000 in revenue since June (turns out the user acquisition stuff actually works), about 87k of which is profit, so we'll say ~$11,000/month part-time. It still makes me a solid $2,000/month now with zero work, and hopefully more once the book is officially published. (It's d…

I would really like to buy a digital copy of this book now, is that possible?

Yes, the starter pack on the link I provided gets you a digital copy of the book.

Re: Ask HN: What was your best passive income in 2016?

#288

Post by late2part »

nchrys wrote: post #226
jrheard wrote: post #13

Young hackers who have a surplus of income and have funds to spare that aren't being channeled toward debt / family / donations, heed me: save as much of your salary as you can, and put it in boring investments (index funds / etc), probably through vanguard.com (no affiliation, I just use them and have heard nothing but good things from people I trust). You can pretty easily set up your job's direct-deposit system so…

I have read a lot about passive investing (The Intelligent Investor, Mr Money Mustache etc.) but I live in France and it does not seem as simple as in the US to invest in a SP500 index fund for example. Especially if you want something that is quite tax efficient. Does anyone have any advice?

Open an investment account in the USA - it's fairly straightforward. I don't know your tax system in france, but you can invest in the US as an individual or an entity, probably worth talking w/ a tax attorney about how to do it - it's certainly done by others.

Re: Ask HN: What was your best passive income in 2016?

#290

Post by burkemw3 »

codecamper wrote: post #219

I want to be able to invest in solar projects. These projects often have internal rates of return of 10%+. However, this involves 20 or 30 year contracts to buy power from you after you have made the initial investment to purchase /rent land and install the panels. Wish there were a way to securitize those deals & allow us to trade them like bonds.

Look at solar yield cos, the well structured ones just own the revenue stream
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