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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?

#571
post #429

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.

I think this is a huge problem. I think that is illustrated by the fact that you feel you can make well ahead of wage rises without any risk. The financialisation of land is driving a wedge between those with capital and those without.

We've just had Trump because some people are feeling very left behind. I'm not saying you caused Trump, but I think the system that incorporates rent seeking through land is a big part of it.

Land prices are all consuming, they are taking wages from workers and then rent from net wages of workers. The system as it stands is very efficient at adjusting credit to soak up any gains into banking and land speculators.

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

#572

Earlier quoted context omitted.

Note it's not necessarily sarcasm. Personally, I've been working as a developer for years (15+), and I 'quit' a couple of years ago. What do I mean by 'quit'? I've been working in large corporation bouncing from team to team. I only write code if I absolutely have to. So in practice I end up actually "working" a few days a month. I don't do shit at work. I just deliver something every so often, and with my experience…

But what do you do instead? Hours must seem long without work!

[deleted]

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

#573
post #561

Earlier quoted context omitted.

Can you elaborate please ? I am considering investing a some time in bitcoin and blockchain next year and I would really appreciate your insights. What tools/services/websites did you use ? Did you learn that on your own ? what resources did you use ?

Pretty sure Bitcoin works best for the people who got in early. anon4this1: I bought 5800 bitcoins mostly for around $5 back in 2011ish [...] I'm up 15,400% in 5 years https://news.ycombinator.com/item?id=13093895

I think anon4this1 dropped a few zeroes there

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

#574

Earlier quoted context omitted.

I put 25k into my investments this year, and I made 40k in unrealized gains, following the above strategy. It works folks. My blog post about financial independence: http://mays.co/why-financial-independence/

Yes, it works. I've been investing a minimum of $500/week for the past 8 years. Currently I'm investment $1000/week. I make good money and keep my expenses low, and now have more than 33x my yearly expenses in investment/savings. I'm planning on retiring early...

At 33x annual spending you can retire today.

That is already passed the 4% withdrawal rate (can take out 4% every year and never decrease the principle), which is 25x annual spending in savings/investments.

http://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need...

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

#575
post #308

This was pretty accidental, but to motivate myself to complete the arduous application process for my professional engineering license, I creates a WordPress blog documenting the process. Also because I thought I would learn something new (setting up WP blog) and this seemed very "shippable". I completed the application process over the course of a year and haven't written a blog post in over a year. Thanks to a comp…

By changing ad placements, and adding a more ad units, you can increase your Adsense earnings significantly.

I would think a few relevant amazon affiliate links (text books, calculators, etc) could out-earn the current $15/month ads as well.

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

#576
post #551
post #384

Earlier quoted context omitted.

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…

>high end systematic firms

I'm not familiar with this term, would you mind giving me a general description of what kind of investing these firms take part in?

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

#577
post #403

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.

I'm not sure about any Rentec mutual fund, I don't think such a thing exists, but aren't the funds they have open to institutional investors not doing particularly well?

When most people say Rentec they think Medallion, which while being spectacularly profitable over 20+ years, is now a closed fund only open to current employees last I heard.

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

#578

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 ).

This is something ive been meaning to get into. Any tutorials, sites, or books to recommend?

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

#579
post #551
post #384

Earlier quoted context omitted.

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…

I agree & the "pro-index" crowd would improve the accuracy, if not the effectiveness, of its message by saying "non-passive strategies can work superbly, but not for outsiders with <$1M in capital" instead of saying "no one beats the market in the long run" / "you can't predict which parties will beat the market in the long run".

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

#580

Earlier quoted context omitted.

Is the material used in the part safe to ingest?

Was thinking the same. Looks like the original plastic part is destined to be slowly ground and consumed by the user, the printed one will have the same fate.

and what's the original part made from? that's what I'd want to compare.
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