Probably a bit offtopic, but I just sold a land I bought 15 years ago with the intent to build a house with my now ex. Very good ROI.
Ask HN: What was your best passive income in 2020?
71–80 of 178 posts
Re: Ask HN: What was your best passive income in 2020?
#72I have a cookie delivery company[1] that I started with my sister. It’s doing well but I personally only take out $50k/yr. completely supplemental to my main job. [1]: https://www.indiehackers.com/podcast/166-sam-eaton-of-crave-...
Came across your IH a few months ago.
Those revenues are incredible for a local cookie company with a single kitchen.
Well done!
Re: Ask HN: What was your best passive income in 2020?
#73I put all my savings in crypto.
Assuming you're not joking, doesn't its volatility make you nervous? Would you consider spreading out your savings instead, example, a bit of property, a bit of index funds, a bit of pension?
Re: Ask HN: What was your best passive income in 2020?
#74I put all my savings in crypto.
Assuming you're not joking, doesn't its volatility make you nervous? Would you consider spreading out your savings instead, example, a bit of property, a bit of index funds, a bit of pension?
I don't have enough of savings to be nervous about them or to consider anything else.
Re: Ask HN: What was your best passive income in 2020?
#75When the lockdowns started happening in March, I began trading the stock market. My YTD realized gains is equal to my base salary. About 140k. I am proud of all the trading I did. Living on the west coast it also turned me into a morning person, where market opens at 6:30am. Good side effect :)
Amazing, and congratulations! Did you have significant prior experience with trading or did you start from scratch in March?
Re: Ask HN: What was your best passive income in 2020?
#76I have a cookie delivery company[1] that I started with my sister. It’s doing well but I personally only take out $50k/yr. completely supplemental to my main job. [1]: https://www.indiehackers.com/podcast/166-sam-eaton-of-crave-...
This is incredible. Bravo. What are the future plans for the local business and the software?
Thanks. Plan is to add a few more delivery hubs but with drive-thru attached. The 2nd location is launching in the next month or 2.
Not really planning on anything with the software. This is not my primary job so don't put a lot of time into it.
Re: Ask HN: What was your best passive income in 2020?
#77Earlier quoted context omitted.
Cool. It looks like ad spend and affiliates really kicked things up a notch. Any advice on sane advertising spend strategies? Also which affiliates worked best?
I only had some success with paid ads on reddit targeting r/aws, and it only lasted 3 months between March and June when competition was very low and I could get CPC rates around $0.10. From July onwards, I couldn't find availability for CPCs below $0.35 and that meant ads weren't profitable anymore. So I stopped. You can see more detail in the last graph over here: https://www.indiehackers.com/post/how-i-made-210-82…
Thanks! This is awesome detail
Re: Ask HN: What was your best passive income in 2020?
#78[deleted]
Re: Ask HN: What was your best passive income in 2020?
#79Crypto (btc). Hard to beat the returns on that this year.
Re: Ask HN: What was your best passive income in 2020?
#80When the lockdowns started happening in March, I began trading the stock market. My YTD realized gains is equal to my base salary. About 140k. I am proud of all the trading I did. Living on the west coast it also turned me into a morning person, where market opens at 6:30am. Good side effect :)
How did you learn? I do index funds, but I'd like to trade a bit for fun