Ask HN: What are the some passive income strategies you do beside your IT job? • Hacker News Board

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#91

Post by SirLJ » Mon, Apr 09, 2018, 9:04 PM UTC

Someone1234 wrote: post #88

SirLJ wrote: post #87

Earlier quoted context omitted.

Not really, because I am not into HFT, so latency is not a problem for me... (I don't have the money, 100s of millions for infrastructure to compete with the big boys)... Sure, I can do it all by hand, the key here not speed, but automation... I rather be fishing or drinking beer by my pool instead... Trading fees: 5$ fee on $50k/$100k position is frankly irrelevant for example...

Have you been able to beat the index funds historically?

Sure, double digits return per year on average... making money in the market with 6-7 digits account is easy, the challenge is to make similar returns with let’s say 100M+ account, but I am not there yet :-)

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#92

Post by matte_black » Mon, Apr 09, 2018, 9:42 PM UTC

How much does it cost to hire an FBA employee(s)? I have well over half a million in liquid assets that makes me passive income through investments, but I’m thinking of investing a portion of that into an FBA or drop shipping business, but keeping it as passive as I can. In the past I’ve never done it because I just can’t be bothered into putting part-time job effort into it.

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#93

Post by deanmoriarty » Mon, Apr 09, 2018, 11:05 PM UTC

SirLJ wrote: post #91

Someone1234 wrote: post #88

Earlier quoted context omitted.

Have you been able to beat the index funds historically?

Sure, double digits return per year on average... making money in the market with 6-7 digits account is easy, the challenge is to make similar returns with let’s say 100M+ account, but I am not there yet :-)

Any book recommendation? I come from a "boglehead"-centric approach [1], stating that the market is so efficient that it's virtually impossible to beat it in the long term as a mere mortal, so one might as well just buy indexes and get the market return, hoping that in the long term capitalism will continue thriving. And that's what I've done, fully investing my high 6 figure (soon to be 7) liquid net worth into index funds.

The only exception to the rule would be if one has some sort of technical advantage (e.g. HFT infrastructures) or "insider" information.

Was curious to hear if you have any resources that in your opinion could make me change my stance? Thanks

[1] https://www.bogleheads.org/

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#94

Post by purvis » Tue, Apr 10, 2018, 1:05 AM UTC

I know HN is rather negative toward cryptocurrency in general, but for me it's fun. I run a small mining farm in my basement. It keeps my sysadmin skills sharp and more than pays my electric bill.

On a side note: none of this is really passive.. mining, real estate, and drop-shipping are all very active income streams. Unless you were born with a silver spoon, you probably won't find truly passive income.

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#95

Post by srednalfden » Tue, Apr 10, 2018, 3:37 AM UTC

purvis wrote: post #94

I know HN is rather negative toward cryptocurrency in general, but for me it's fun. I run a small mining farm in my basement. It keeps my sysadmin skills sharp and more than pays my electric bill. On a side note: none of this is really passive.. mining, real estate, and drop-shipping are all very active income streams. Unless you were born with a silver spoon, you probably won't find truly passive income.

What equipment do you use to mine with? How re your returns?

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#96

Post by skanga » Tue, Apr 10, 2018, 9:50 AM UTC

mdn0420 wrote: post #18

Rental properties, managed by a 3rd-party professional company.

Manage them yourself. It's not that hard. Otherwise the property management company eats up most of the profits.

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#97

Post by rubdoev » Tue, Apr 10, 2018, 10:23 AM UTC

i have a very lucrative program, i have already made about 200 dollars in about 4,5 days, here's the link: https://bit.ly/2HlmIhf

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#98

Post by hycaria » Tue, Apr 10, 2018, 11:02 AM UTC

garettmd wrote: post #53

hycaria wrote: post #26

I'm on duty a few times per week, it's not too active though. Doesn't qualify for passive and has a huge entry requirement, but a very good way of having a double income, since I'm mostly paid to sleep away from home.

Like with the National Guard?

Just veterinary emergencies :)

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#99

Post by purvis » Tue, Apr 10, 2018, 12:58 PM UTC

srednalfden wrote: post #95

purvis wrote: post #94

I know HN is rather negative toward cryptocurrency in general, but for me it's fun. I run a small mining farm in my basement. It keeps my sysadmin skills sharp and more than pays my electric bill. On a side note: none of this is really passive.. mining, real estate, and drop-shipping are all very active income streams. Unless you were born with a silver spoon, you probably won't find truly passive income.

What equipment do you use to mine with? How re your returns?

My farm consists mainly of rx 580 graphic cards. Due to depressed markets, my returns are just okay right now. Luckily my equipment has been paid off since December. To put things in perspective, a single 8GB rx 580 costs around $400 (if you're lucky) and only makes $0.80/day. During the peak at the end of last year, they were making well over $3/day each.

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#100

Post by SirLJ » Tue, Apr 10, 2018, 1:28 PM UTC

deanmoriarty wrote: post #93

SirLJ wrote: post #91

Earlier quoted context omitted.

Sure, double digits return per year on average... making money in the market with 6-7 digits account is easy, the challenge is to make similar returns with let’s say 100M+ account, but I am not there yet :-)

Any book recommendation? I come from a "boglehead"-centric approach [1], stating that the market is so efficient that it's virtually impossible to beat it in the long term as a mere mortal, so one might as well just buy indexes and get the market return, hoping that in the long term capitalism will continue thriving. And that's what I've done, fully investing my high 6 figure (soon to be 7) liquid net worth into inde…

OK, here is one book for you: More Money Than God by Sebastian Mallaby

https://en.wikipedia.org/wiki/More_Money_Than_God

My message is this: do not settle for the average - everyone can be a doctor, lawyer, developer, speculator, you just need the drive and to put the hours...

Passive investing for me is a big mistake, because it ignores the risk management, especially for small accounts (less than few millions), people just cannot afford to be losing money for extended periods of time, just look into Japan's Economic Bubble and Nikkei index, every passive investor in it is still at about 50% loss for almost 30 years and counting...

To make money in the stock market, you have to have a system that makes money, not only on the way up, but on the way down as well... For me, personally, my money are too important to leave them to such a "buy and hope" investing strategy...