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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?

#551

Post by jamez1 »

qwrusz wrote: post #384
Rainymood wrote: post #353

Earlier quoted context omitted.

>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.

The market cannot be beat by 100% of amateurs piddling away on their brokerage account during a few spare hours a week. The market cannot be beat by 99.9% of professional investors spending all their time day and night trying and with a team of people helping them. I'm calling your bluff on you being an econ PhD student or maybe you have been one for a month or two at most...? If you are an econ grad student you know…

Academia doesn't pay that much attention to the real world. Most of the papers out there are rubbish and would be considered junior level work, except with way too much detail.

There are pretty much no econ papers that would describe what happens inside the high end systematic firms. (Source: I work in the industry)

Bringing up the outliers is a perfect counterexample when wild sweeping statements are made. These are not even real outliers, they are valid samples.

>The market cannot be beat by 99.9% of professional investors spending all their time day and night trying and with a team of people helping them.

Professional investors pretty consistently beat the market. But not the ones that you see. The louder someone markets their fund, the more likely it is to be a scam. Your sample is of guys who heavily promote their fund and make money from management fees not performance.

The best managers aren't even made visible to you. Why would you attract attention to what you're doing if you have a good thing going?

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

#552

Post by jdcarluccio »

antr wrote: post #429
branchless wrote: post #391

Earlier quoted context omitted.

I don't believe land is taxed highly enough so the system encourages monopolising land to appropriate value added by labour that should be going to workers. I think right now we have a situation were money makes money and selling your labour doesn't, in the average case not in the "I'm a senior engineer at google" case. I just don't see how this ends well. Workers struggling to get wage rises at all and yet 5% per an…

Relax, you are mixing apples and oranges. Many companies, large multinationals to small startups don't want to OWN property. It's capital intensive for them, they want to rent. Does Starbucks own its coffee shops? No. Can't you see how renting property is a service to many? Stop being apocalyptic simply because someone owns property. Take a chill pill.

You should offer chill pills as part of the property deal. :) like your style

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

#553

Post by j_s »

phil21 wrote: post #534
sean_patel wrote: post #516

Earlier quoted context omitted.

> I purposely set expectations low by saying it may take a little sanding. That lets me over-deliver since it's usually a perfect fit. Wow. This is genius. You should write a click-baity blog post titled "This Weird Trick will always get your products 5-star ratings"

I think "over promise and under deliver" has been part of business for far before any of us were around :) Or spoken in more buzzword silicon valley speak - you have to set customer expectations and then aim to exceed them.

I think "over promise and under deliver" has been part of business for far before any of us were around :)

Sorry but isn't it 'under-promise and over-deliver'? Just double-checking...

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

#554

Post by stouset »

jamez1 wrote: post #547
hackerboos wrote: post #241

Earlier quoted context omitted.

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 On average, and when bench-marked against itself taking into account fees. There are funds that consistently beat the market, that you should put money into over the index if given the chance. But your general notion that the average person shouldn't try is a good one. At the end of the day you have to earn money because you took it from someone else. To think that there is a dollar for ev…

Of course some funds beat the market. The problem is, there is no reliable way to know what those funds are until after they have done so.

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

#555

Post by deskamess »

robius wrote: post #389

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…

They seem to be taking just an email. Are they actually on boarding customers today? What is the minimum investment?

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

#556

Post by joemanaco »

lj3 wrote: post #336
joemanaco wrote: post #180

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?

I've done press releases here and there but never put money in advertising or stuff like that.

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

#557

Post by jdcarluccio »

2throwaway2000 wrote: post #87

I make $1,400/mo from Google AdSense. I made a Wordpress website for people who want to find information about other people. I don't do anything on the site anymore besides perform Wordpress updates. It's basically changed my whole life and I am very fortunate/lucky. Throwaway account.

What's the website?

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

#558

Post by ceejayoz »

kobeya wrote: post #403
ceejayoz wrote: post #385

Earlier quoted context omitted.

Renaissance is part of the market, and it's the sort of thing that we individual investors can't beat. "The market can't be beat" doesn't mean no one can see better returns - it means a random yahoo like me simply can't compete with the information, processing power, and access funds like Renaissance have. Thus, an average investor is a lot better off with an index fund instead of trying to pick individual stocks. (F…

So buy into the Renaissance mutual fund. There, you beat the market.

Funds like Renaissance's have minimum investments in the millions, are often invite-only, etc. We average investors simply can't play in those leagues.

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

#559

Post by literallycancer »

branchless wrote: post #473
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…

Mr Money Moustache has 2 or 3 rental properties which are wealth appropriating not wealth creating. He's using the wages of other families. He goes on about how $10 is a lot yet takes far, far more in rent each week.

What's wrong with renting properties?

>which are wealth appropriating not wealth creating

Literally everything anyone buys is paid for by a portion of their wealth, not sure what you are trying to say here.

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

#560

Post by branchless »

literallycancer wrote: post #559
branchless wrote: post #473

Earlier quoted context omitted.

Mr Money Moustache has 2 or 3 rental properties which are wealth appropriating not wealth creating. He's using the wages of other families. He goes on about how $10 is a lot yet takes far, far more in rent each week.

What's wrong with renting properties? >which are wealth appropriating not wealth creating Literally everything anyone buys is paid for by a portion of their wealth, not sure what you are trying to say here.

Not sure where to start here. Are you suggesting money gained is a proxy for wealth created? It's the product of an imperfect system. Some people add more value than they are paid for, others the inverse. The system heavily favours economic rent extraction via land. Almost all new debt is issued via land.

Quite simply people have figured out it's a rigged game and are piling in, hence the asset bubble and the fallout effecting an entire generation, which perhaps you missed.

I'm not really interested in discussing this with you either as just pointing out things are paid for is just taking the existing system without any question as "correct".

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