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Ask HN: Your Passive Income Suggestions?

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Re: Ask HN: Your Passive Income Suggestions?

#81

Post by bkjelden »

edent wrote: post #17

* Apps with ads in them. Easy enough to churn out, but decreasing revenues and most of the high earning adverts are the scummiest. Low value and of low moral usefulness. * Solar Panels. In the UK, the government pays you per kWh generated. Needs an upfront investment, but stable income and you reduce your own energy bills. See http://shkspr.mobi/blog/tag/solar * Renting out property. Needs a much larger initial inves…

Renting out property is a lot more than a large initial financial investment.

Most people I know who do well in that space do so after several years. Once they learn how to be a landlord, learn the quirks of the market they invest in, etc, it can be pretty low stress, although not necessarily hands off.

But if you're just starting out, you should expect to make some mistakes and run into some headaches as you figure things out.

Re: Ask HN: Your Passive Income Suggestions?

#83

Post by jklein11 »

fintechie wrote: post #69
lfx wrote: post #48

Earlier quoted context omitted.

Correct my if I'm wrong but bitcoin arbitrage doesn't seem like good idea, here is pretty good explanation - https://www.cryptocoinsnews.com/bitcoin-price-arbitrage-expl... I would better put my money in more "real" etf's and start from there.

> Correct my if I'm wrong... You are very wrong , plus you are talking to jerguismi (localbitcoin's founder), who I'd presume has made quite a bit from arbitrage in the space...

The article does make a very interesting point. One which I'm hoping jerguismi could respond to.

The article talks about the slow transaction time being a barrier to arbitrage. Basically, you couldn't buy in one market and sell in another market simultaneously. Wouldn't that make an arbitrage opportunity speculative?

Also, because jerguismi is a founder of a bitcoin exchange, isn't it in his interest to promote trading bitcoin? I have no reason to believe that jerguismi would misrepresent his knowledge, but I think his role in the bitcoin community isn't de facto evidence that his statement is true.

Re: Ask HN: Your Passive Income Suggestions?

#84

Post by jxm262 »

Bookmarked this post and thanks for asking! My plan, which may/may-not work out - Start consulting, work like crazy to get _high quality_ clients, find common needs among them, build products from these common needs. I'm hoping I can find specific things between multiple clients that I might be able to sell as an actual product, alongside the consulting. Anyway I just started indepedent contracting on evenings/weekends about a month ago.. so far it's working quite nicely for me :)

Re: Ask HN: Your Passive Income Suggestions?

#85

Post by tomarr »

orrinward wrote: post #37
edent wrote: post #17

* Apps with ads in them. Easy enough to churn out, but decreasing revenues and most of the high earning adverts are the scummiest. Low value and of low moral usefulness. * Solar Panels. In the UK, the government pays you per kWh generated. Needs an upfront investment, but stable income and you reduce your own energy bills. See http://shkspr.mobi/blog/tag/solar * Renting out property. Needs a much larger initial inves…

* Also UK focused - Matched Betting. Exploiting Bookmakers signup/recurring offers for a guaranteed profit. This is good for an early surge of ~£2k followed by a pretty easily achievable £200-£500 per month for <5 hours commitment per week.

Any guides or links to get started on this kind of thing?

Re: Ask HN: Your Passive Income Suggestions?

#86

Post by J-dawg »

AJay17 wrote: post #64
pitchups wrote: post #38

Earlier quoted context omitted.

Looks great - is it making you any money?

Thanks! It's anywhere from $100 to $200 a month, more around Christmas time.

This is great! Is all of that income from affiliate links? Does it take up a lot of your time curating the list of items? Where do you get most of your traffic from?

Re: Ask HN: Your Passive Income Suggestions?

#89

Post by mattzito »

throwaway600613 wrote: post #25

Peer-to-peer lending can potentially be a great source of passive income. For example, if you invested $100,000 in lower grade (C-G) notes on Lending Club with an aggregate 12.0% net annualized return, you'd receive approximately $6,000 in cash payments each month.

It's worth noting that the money received from the peer-to-peer lending counts as income, and hence can be taxed quite highly if you're already a high-income individual and/or live someplace with a state income tax.

I invested a moderate chunk of money in lending club, and I don't regret it, but between the defaults and early payoffs, I ended up at around ~8% return, and then had to pay income tax on that 8 percent, which cut it way down.

That being said, there's the more intangible return, which is that some of hte people I selected to fund were trying to get out of high-interest debt, or fund purchasing a car for work, etc. Some(all?) of it was probably BS, but it was nice to feel like you were investing money in someone who had a specific need and helping them achieve it.

I'm not doing that anymore though, it's just not worth it.

Re: Ask HN: Your Passive Income Suggestions?

#90

Post by lfx »

fintechie wrote: post #69
lfx wrote: post #48

Earlier quoted context omitted.

Correct my if I'm wrong but bitcoin arbitrage doesn't seem like good idea, here is pretty good explanation - https://www.cryptocoinsnews.com/bitcoin-price-arbitrage-expl... I would better put my money in more "real" etf's and start from there.

> Correct my if I'm wrong... You are very wrong , plus you are talking to jerguismi (localbitcoin's founder), who I'd presume has made quite a bit from arbitrage in the space...

Can you please elaborate more? I would like to learn about this topic. Or at least give me some good pointers to look quality information.
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