521–530 of 713 posts
TheSimplePostcard.com, makes me ~$220/month. Text it a photo and it sends a postcard. It took me a few long weekends to build using Django and Twilio.
Cool. How do you process payments via text? I assume you send them a link to a page to complete transaction?
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> you are probably better off borrowing against your investments if you need cash I don't understand what that means. Whom would you be borrowing from? Where would the cash be coming from?
Your broker https://www.interactivebrokers.com/en/index.php?f=interest&p...
I used to do index funds. Then I went looking for an active portfolio manager. After a few years I found one, he was good, but 6mo in he switched jobs and left for another career. The next guy wasn't good and eventually didn't want to actively manage the account. I kept looking until this year when I found fractalgo, which is used by large institutional investors to trade through science without emotion and second-gu…
What type of returns are you seeing? How has it performed in down periods? What's your beta?
I just started last month, and I'm up overall, although the Trump event took some back. The system takes these draw downs into account.
If I told you I made $11K last month it's mostly meaningless since the size of the account and markets you choose are important.
So I don't have enough data for you, but the data that was shared with me was better than anything else I've tried. And I've done day trading too. This is much simpler and passive once set up.
Feel free to reach out if you want, see profile info.
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Neither :) I'm using an Amsterdam based one: https://www.euronext.com/en/products/etfs/IE00B3XXRP09-XAMS
While traded on the Amsterdam stock exchange, the domicile of the fund is still Ireland.[1] Anyway, since you're in Europe, curious why you chose this fund (S&P 500) over something with more exposure outside the US? [1]: https://www.vanguard.nl/portal/instl/nl/en/product.html#/fun...
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…
What are the best brokers that do this? I always assumed brokers just did this behind the scenes with your shares and kept the money?
TheSimplePostcard.com, makes me ~$220/month. Text it a photo and it sends a postcard. It took me a few long weekends to build using Django and Twilio.
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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…
Can't speak to the tool itself, but the site design and overall aesthetic looks gorgeous..
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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…
>The market cannot be beat. I really would like to believe this, but please explain to me how then how firms like Renaissance can exist ... Not sure whether it's relevant but I'll add that I'm an economics PhD student.
You can start one of those firms; in all likelihood, not all the potential profit has been extracted yet. You can hire a bunch of smart mathematicians and/or smart technologists, and spend time working on the problem. And then you'll be in good shape to beat the market. If you're an econ Ph.D. student hanging out on Hacker News, you're already well on your way to doing this with your life, if that's what you want to focus your life on!
But "you", the person with an unrelated day job fiddling with some investing app on your phone in your spare time, starting with a relatively small amount of capital compared to Renaissance's first year, and relatively small risk tolerance compared to Renaissance's first year, and definitely not enough money to hire a bunch of scientists full-time - "you" who's asking on a thread about passive income instead of lifelong career options - you are statistically unlikely to beat the market. That's what people mean by "You can't beat the market."