Live data from Hacker News

Ask HN: What was your best passive income in 2020?

news.ycombinator.com

91–100 of 178 posts

Re: Ask HN: What was your best passive income in 2020?

#91

When 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 :)

I will follow up on these questions later today to explain more what I did. Stay tuned :)

Re: Ask HN: What was your best passive income in 2020?

#92

When 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 :)

If you had any amount of money to buy stocks in March you will have made a killing. To what extent is this sustainable?

Re: Ask HN: What was your best passive income in 2020?

#93
post #12

To me, passive means little or no ongoing time investment. If we are looking at "best" in terms of revenue, then dividends from investing in the stock market are by far the best source of passive income I can imagine. I've got a 1.5x leveraged portfolio over on IBKR that is currently yielding ~2.9% dividends across a wide range of sectors. I am paying ~1% in margin fees at the moment, so I basically get to use their…

I looked into this (and even implemented it for a time) but by every analysis it was better to ignore dividends and instead focus on total return. If you want monthly income, just draw down the assets monthly. By the way, this is called a carry trade. If you’re using a lot of leverage for small interest (1.9%) returns, it can seem like free money until it blows up in volatile times and results in huge losses. So anyo…

I prefer the other side of that trade. Losing a grand or two a month for a year and then making 100k is lots of fun.

Re: Ask HN: What was your best passive income in 2020?

#94
post #82

I started a SaaS service [1], in Aug 2019, to extract tables from images and scanned PDFs. Launched with a post on hacker news. I added couple of contractors who share the development on-demand. Last month, for the first time, we hit 10K users, no paid advertising, hitting 170K requests per month. Not expecting to cash out any profits now, investing them in the development. Now, I'm dealing B2B contracts and taking c…

Looking at your post history tells me that you took another person’s open source software and trying selling it as pro version without credit. Why did you do that? Do you have any ethical sense when building or selling software?

Re: Ask HN: What was your best passive income in 2020?

#95

When 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 :)

Congrats! Just be careful and don't quit your day job. Buying leaps on almost anything that dipped in march (and has since recovered) payed out 60-100% returns, and that's not likely to happen again anytime soon.

Re: Ask HN: What was your best passive income in 2020?

#96
post #62

Earlier quoted context omitted.

How are these fees so low? Is there anything stopping you from taking the money and investing into index funds? I feel like I must be missing something. The most conservative investment options I know of all have >1% expected returns.

Many brokers, including IBKR, set their interest rate to be a small increase over the federal interest rate. The federal rate is currently 0.25%. They set this rate extremely low to encourage the exact behavior we are seeing here - investments in the US economy. I have a 1.4x leveraged portfolio with similar reasoning.

Worth noting: the implied interest rates on other forms of leverage (futures especially) are probably lower still. And though using long-term in-the-money call options might be a bit more expensive, they have the nice quality of having limited downside. If the underlying tanks hard you won't be forced to sell, and you might even still have some extrinsic value.

Re: Ask HN: What was your best passive income in 2020?

#97
post #82

I started a SaaS service [1], in Aug 2019, to extract tables from images and scanned PDFs. Launched with a post on hacker news. I added couple of contractors who share the development on-demand. Last month, for the first time, we hit 10K users, no paid advertising, hitting 170K requests per month. Not expecting to cash out any profits now, investing them in the development. Now, I'm dealing B2B contracts and taking c…

Looking at your post history tells me that you took another person’s open source software and trying selling it as pro version without credit. Why did you do that? Do you have any ethical sense when building or selling software?

That was the wrong assumption, as we released a library that imitates to be a pro version from the contributors of open sourcem We sorted it out by unpublishing the library. That's nothing to do with their tech in backend. Feel free to make comparisons on the output quality.

Re: Ask HN: What was your best passive income in 2020?

#98
I run a paid Chrome extension that I'm still working on: https://www.checkbot.io/

> Checkbot is a Chrome extension that tests 100s of pages at a time to find critical SEO, speed and security problems before your users do. Test unlimited sites as often as you want including local development sites to stop critical issues going live.

Glad I didn't rely on the Chrome Web Store payment system they deprecated a few months ago. :) Felt predictable they were going to throw in the towel with it since it was lacking obvious features and the support forums always had complaints about it breaking.

Re: Ask HN: What was your best passive income in 2020?

#99
post #2

I released Video Hub App almost 3 years ago and have been adding features over time. It's a project of love, and I give $3.50 of every purchase ($5) to charity, so the income isn't the main point. This year I averaged about 100 sales per month. https://videohubapp.com/ - browse, search, and organize your videos (PC, Mac, Linux) GitHub: https://github.com/whyboris/Video-Hub-App

The link in your GitHub page to purchase your app point to a 404. "This software is available for $5.00 through videohubapp.com"

It's a very nice app!

Re: Ask HN: What was your best passive income in 2020?

#100

I made €73k from a Chrome Extension. [1] Went down twice in the last year so I had to spend some time on that. Chrome Webstore are shutting down their payment system, so I've spent some time migrating all that nonsense. If you're interested, I also wrote about others monetising their extensions and how they did it. [2] [1] https://beebs.io/ [2] https://tillypay.com/blog/how-to-monetise-a-chrome-extension...

How did you migrate your existing paying customers?

I went with https://paddle.com/ for my paid Chrome extension (https://www.checkbot.io/) as I was sure Google would deprecate their payment service, given how few paid extensions there were. I don't understand why they didn't integrate it with their Android payments.

Post reply on HN