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Can someone explain how they are using Amazon FBA? I generate some passive income from (by spending 1-2 hours a week): - stock & cryptocurrency picking - Calls with industry research firms - Earn.com
How are any of those passive?
The Vanguard High Dividend Yield ETF (VYM) has a 3% dividend yield and a minuscule 0.08% expense ratio. If you buy 500 shares of VYM, you can expect a passive income of $100 per month.
Rental properties, managed by a 3rd-party professional company.
This is an interesting idea. Are there any information sources you'd recommend to people who are curious about this strategy?
The Vanguard High Dividend Yield ETF (VYM) has a 3% dividend yield and a minuscule 0.08% expense ratio. If you buy 500 shares of VYM, you can expect a passive income of $100 per month.
Earlier quoted context omitted.
And very capital-intensive. Most people would benefit more from passive but labour-intensive ideas.
If they're "labour-intensive" that's pretty much the definition of not passive. I suppose it's possible that you could invest significant effort into setting up an Amazon affiliates site or write a book or whatever and just let it run but most people aren't going to have a lot of luck with that. Generally speaking, passive investments require investing capital and then collecting returns from that capital.
Generally it's understood that "passive income" on HN refers to income resulting from an initial investment of labor that continues to generate revenue with little to no additional labor input.
By the wider definition, yes, you are correct.
Mostly Passive: Real estate rental Not as passive: Amazon FBA: Run a side business selling products on Amazon. I have hired 1 part time employee now that works tasks I have outlined during the week. I work 1 to 1.5 days per week organizing the warehouse and custom orders. In the green after 3 years. It's also fun for me.
Do you sell products you're making, or are you buying and selling?
Earlier quoted context omitted.
If they're "labour-intensive" that's pretty much the definition of not passive. I suppose it's possible that you could invest significant effort into setting up an Amazon affiliates site or write a book or whatever and just let it run but most people aren't going to have a lot of luck with that. Generally speaking, passive investments require investing capital and then collecting returns from that capital.
> If they're "labour-intensive" that's pretty much the definition of not passive. Generally it's understood that "passive income" on HN refers to income resulting from an initial investment of labor that continues to generate revenue with little to no additional labor input. By the wider definition, yes, you are correct.
In the same way you can say "work at Starbucks part time for a year and then invest 100% of that extra income into an index fund for passive income" rather than "work on a book for a year and collect book sales as passive income."