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 :)
Ask HN: What was your best passive income in 2020?
91–100 of 178 posts
Re: Ask HN: What was your best passive income in 2020?
#92When 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 :)
Re: Ask HN: What was your best passive income in 2020?
#93To 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…
Re: Ask HN: What was your best passive income in 2020?
#94I 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…
Re: Ask HN: What was your best passive income in 2020?
#95When 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 :)
Re: Ask HN: What was your best passive income in 2020?
#96Earlier 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.
Re: Ask HN: What was your best passive income in 2020?
#97I 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?
#98> 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?
#99I 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
It's a very nice app!
Re: Ask HN: What was your best passive income in 2020?
#100I 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...
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.