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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?

#491

Post by grecy »

toymachine wrote: post #346
grecy wrote: post #19

I wrote my first e-book [1] about how to save money to work less and live your dreams. I'm really happy for a first attempt, and it has inspired me to write more. [1] http://amzn.to/2hcfuB7 - Work Less to Live Your Dreams

Wow, that's awesome. How are you promoting/marketing it? How do people find out about it? And how are you getting reviews? Have been thinking about this for awhile and haven't settled on the right topic yet!

Thanks! Marketing has mostly been on my website[1] and social[2]. I'm getting reviews from people interested in what I'm doing, sites that cover Overland Travel, 4x4, etc. (I'm driving around Africa for the next 2 years)

[1] theroadchoseme.com

[2] @theroadchoseme on FB/Instagram/YouTube

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

#492

Post by eevilspock »

dgacmu wrote: post #265
branchless wrote: post #239

Passive income. So great that financiers gave people a nice name for extorsion. Some ideas on here are creating value and selling it over time. No problem with that. Too many are rentier activity, costing everyone more in the long run. Appropriating wealth rather than creating it. Hacker news seems to embrace this culture. Surely the antithesis of the early days of computing and the origin of hacker culture.

What a strange attitude. I'm very grateful that my landlord chooses to own an apartment and rent it to me on a short-term basis. I needed housing for four months, I already own a house (which is being remodeled), and I certainly didn't want to try to buy a second house for five months. For that rental, I'm happy to let my landlord earn a profit, in exchange for taking on the risk of owning and maintaining the propert…

Not strange at all. Many well-respected people have this point of view, from Nobel laureate economists to free-market libertarians.

The problem is that most of the profit he "earns" is from the ownership of land, not from maintaining the property.

See my other comment for more, or this now on the HN front page: https://news.ycombinator.com/item?id=13153047

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

#493

Post by cylinder »

antr wrote: post #172
PaulRobinson wrote: post #72

Earlier quoted context omitted.

You don't say where you are based, but you are going to get a shock if you think interest rates are going to stay on the floor. If you can get a genuine 25-year fixed rate, great, but you need to tread carefully here. Brexit, Trump, EU sentiment, China trying to deal with their own problems, they're all pointing to the same way: devalued currencies. Where they start, rising interest start to follow. I'd also be wary…

The all-in fixed rate is 2.10%, and let me repeat: fixed. Not LIBOR + spread + you need to have you savings account with us + you need to buy my home insurance, etc. I don't understand why you say "tread carefully"... when it's the bank bearing all the IRS cost. Plot any LIBOR curve, and you'll see that the bank is the one to lose here. Banks are fighting for customers, and cheap loans and mortgages is the game they…

I don't believe we'll see high rates in our lifetimes. The broad trends in developed countries are all deflationary.

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

#494

Post by paviva »

Huppie wrote: post #485
hobonumber1 wrote: post #476

Earlier quoted context omitted.

You can buy certain Vanguard Funds from Canada. For example: VAB, VSB, VCN.

I think you misunderstood the parent. All three examples are ETFs with Canadian assets, available on the Canadian stock exchange. OP's point is (most likely) that you can't buy them directly from Vanguard (i.e. using an account on www.vanguardcanada.ca) but will have to buy them using a broker (e.g. Questrade.)

Thanks Huppie, that's exactly what I was saying.

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

#495

Post by desas »

pbhjpbhj wrote: post #482
pdog wrote: post #398

Earlier quoted context omitted.

Invest in a cheap French or Eurozone total market index fund. It only makes sense to invest in a fund that matches your local currency.

>It only makes sense to invest in a fund that matches your local currency. // Why? Surely investing in a higher growth economy is better?

You're now exposed to foreign exchange risks too

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

#496

Post by [deleted] »

dgacmu wrote: post #265
branchless wrote: post #239

Passive income. So great that financiers gave people a nice name for extorsion. Some ideas on here are creating value and selling it over time. No problem with that. Too many are rentier activity, costing everyone more in the long run. Appropriating wealth rather than creating it. Hacker news seems to embrace this culture. Surely the antithesis of the early days of computing and the origin of hacker culture.

What a strange attitude. I'm very grateful that my landlord chooses to own an apartment and rent it to me on a short-term basis. I needed housing for four months, I already own a house (which is being remodeled), and I certainly didn't want to try to buy a second house for five months. For that rental, I'm happy to let my landlord earn a profit, in exchange for taking on the risk of owning and maintaining the propert…

[deleted]

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

#497

Post by odbol_ »

I made about $10 from app sales of my Android Wear watchfaces https://play.google.com/store/apps/details?id=com.odbol.foun... and https://play.google.com/store/apps/details?id=com.odbol.oxwo...

$10... For the whole year. App sales aren't the golden goose everyone things they are.

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

#500

Post by pbhjpbhj »

jastr wrote: post #396
karolisram wrote: post #299

Earlier quoted context omitted.

Sweet project, like it a lot :) perhaps do the same for Europe?

I need to find a postcard printer in Europe.

Vistaprint? They're a massive German operation - mind you every town has at least one print shop but VP already has a custom printing system, their parent company have a print fulfillment API (https://open.cimpress.io/).

[Just an occasional private customer]

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