71–80 of 150 posts
I run a few high frequency trading algorithms on Bitcoin and other cryptocurrencies. These are research-grade and not scalable (I already make 20-30% of trading volume on some exchanges), however, it still brings me around $200 per month.
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In what way did I say that? if anything, I'm maximizing passivity. You can live off stock dividends a lot longer if you lower your standard of living. Your comment is totally orthogonal.
> In what way did I say that? That would be this bit here: > simply selling their time at the maximum rate
It's odd. Most people who see it think it's clever and neat, and a few will buy, but when advertised, people bounce right off.
I run https://mapchart.net which is a map chart creation tool. You can quickly create a map chart of World, USA, UK, Europe and more with custom colors and descriptions. It is completely free to use and my only source of income are Adsense ads on the homepage and some sparse donations. Since May, when the site was featured on the front page of Reddit, my audience has increased with a steady rate, along with my ad rev…
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> In what way did I say that? That would be this bit here: > simply selling their time at the maximum rate
Exactly. Not very passive.
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owning real estate that someone else manages or really owning any business that someone else fully manages for you. i know a gentleman that owns storage units up and down the north east, never steps foot in the states for years at a time. AirBNB & rentals can be hands free too, as another example,
> owning real estate that someone else manages or really owning any business that someone else fully manages for you If you've ever owned real estate or a business you'd know it can't be 100% passive. Even with a property manager, there are always things to fix, change, or update, and the associated decisions to make about it. One bad tenant or a property manager with bad judgement, and you're 100% back in full-time…
A stock portfolio that I've built through consulting profits is my main passive income source. Anything else is not really "passive." This probably isn't the answer you're looking for, but in my view the average developer is much better off simply selling their time at the maximum rate and funneling the profits into a well-managed portfolio. The median outcome for this is much better than the story on most passive-in…
Silly, active managed portfolios never beat their benchmarks over the long run. Anybody in the financial industry knows that... and index fund are only good till that strategy doesn't work anymore.
A stock portfolio that I've built through consulting profits is my main passive income source. Anything else is not really "passive." This probably isn't the answer you're looking for, but in my view the average developer is much better off simply selling their time at the maximum rate and funneling the profits into a well-managed portfolio. The median outcome for this is much better than the story on most passive-in…
I have to laugh at "well-managed" portfolio. That's hysterical, in fact I'm still laughing. I might even wake up in the middle of the night and laugh. Silly, active managed portfolios never beat their benchmarks over the long run. Anybody in the financial industry knows that... and index fund are only good till that strategy doesn't work anymore.
say what?
A stock portfolio that I've built through consulting profits is my main passive income source. Anything else is not really "passive." This probably isn't the answer you're looking for, but in my view the average developer is much better off simply selling their time at the maximum rate and funneling the profits into a well-managed portfolio. The median outcome for this is much better than the story on most passive-in…
I have to laugh at "well-managed" portfolio. That's hysterical, in fact I'm still laughing. I might even wake up in the middle of the night and laugh. Silly, active managed portfolios never beat their benchmarks over the long run. Anybody in the financial industry knows that... and index fund are only good till that strategy doesn't work anymore.
> index fund are only good till that strategy doesn't work anymore.
The day that index funds cease to be the optimal investment strategy (for most individuals) is the day that stocks overall have stopped being a viable investment strategy.
Obviously you're just arrogantly trying to make assumptions instead of asking questions.