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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?

#331

http://dollarfuckyou.com/ I've made about 300$ :/

I love this. Make an App and hook into IAP

Thinking of the non-app-future, my plan is to use it as a learning case for a PWA https://developers.google.com/web/progressive-web-apps/

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

#332
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 recommened reading the parents link but if it's all a bit too much for you vanguard does funds that are already diversified and deals with the rebalancing on your behalf. https://investor.vanguard.com/mutual-funds/lifestrategy/#/

Thumbs up, this is what I use.

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

#334
post #294

i own a decent amount of tesla stock and 2016 was a great year for lending it out. since tesla is such a controversial company, lots of people want to own the stock (expecting it to go up) and lots of people want to short sell it (expecting it go down). if you're a stock holder, certain places (like interactive brokers) will let you lend your stock holdings to people that want to sell it short. you earn a premium on…

Thank you for teaching me something new about the stock market -- I had no idea this was a thing!

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

#335
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…

... otherwise known as a 401k. Probably don't do this (use taxable investment accounts) unless you have at least 15% going to your tax-advantaged retirement account(s).

Good point, I forgot to mention that. I think that it's possible for a lot of young people in our industry to save significantly more than 15% of their income, and so I should have said: max out your contributions to retirement accounts every year and then set things up such that you're automatically saving as much of your remaining salary as is comfortable (e.g. if you're a recent college grad working in SF, and you have roommates, you might find that this percentage is pretty high!).

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

#336

I'm making between $3'000 and $10'000 Dollars with native apps/games and html5 games. I made much much more a few years ago but app store revenue is decreasing each month and all my latest apps made me nearly nothing. (My portfolio: http://intermediaware.com ).

Do you advertise or do any marketing, or are you dependent only on app store searches and word of mouth?

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

#337
post #326
post #325

I made http://fivestar.io/ a year or two ago; it's a better Amazon search. It shines when you search for something that you want the best version of, without caring about the details; i.e., let the masses determine the quality for you. It weights results based on ratings, review volume, and some other stuff, segmenting the results by price range. Helps me answer the question "I want the best phone mount for my bike,…

Interesting. Have you thought about an option for non-US amazon, e.g. .uk / .de?

I have, but the API differs in availability/completeness across regions and writing the code to handle each region probably isn't worth the time. The Product Advertising API is also _terrible_ and not fun to work with, so I'm minimizing the amount of time I spend working with it and reading their docs.

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

#338
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).

I think that it's also good advice if you're not poor :)

Your second point is absolutely correct, but I still think that my comment answers the root question - how did you set things up such that you're automatically being given money for free on a regular basis? - in a way that is simple, requires very little effort, and has a very good chance of working for many people who are able to try it.

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

#339

Earlier quoted context omitted.

There's no guarantee at all. In a really bad year (2008?) you might get -50% or worse. Then you might get some really nice returns in the years after (or not!). If you average over several decades, historically, the returns have been around 7 or 8 per cent per year, but the standard deviation is enormous. Just look at a long-term chart of e.g. the S&P 500 at https://finance.yahoo.com/chart/%5EGSPC - click "Max" and "…

All of this is correct, but the standard S&P 500 index doesn't include dividends, so your typical index fund will (should) do 1-4% better each year than the S&P 500. The S&P 500 does have a lesser-known version that includes the total returns: https://www.google.com/finance?q=INDEXSP%3ASP500TR&ei=WWJNWK...

Index funds such as SPY do include the dividends. VGO (specifically) also has a 1.94% yield.
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