Ask HN: What passive income investments exist to supplement your salary? • Hacker News Board

Re: Ask HN: What passive income investments exist to supplement your salary?

#171

Post by marmot777 » Tue, May 11, 2021, 7:41 AM UTC

robmerki wrote: post #42

bugzz wrote: post #33

Earlier quoted context omitted.

Are the books any good? What are reviews like?

They are poor quality and clearly written by ghost writers. I don't blame people for going for the easy money, but it's like paying "writers" to write thousands of articles about "best pool equipment 2021" to target keywords on Google just so you can soak up Amazon affiliate revenue. Sure you make money, but how many people are reading your "blog" as fact?

Yeah, the review sites that drive affiliate revenue with content marketing SEO tend to hire low cost writers to do web searches and write articles, stopping just short of the plagiarism line, realizing that duplicate content isn’t good for SEO.

These sites aren’t going to to really test the pool cleaning equipment, the web hosting services being reviewed and ranked, learning Python tutorials. Nobody is going to pay anyone to test anything to make sure how the how-to cobbled together from three similar articles actually works.

Re: Ask HN: What passive income investments exist to supplement your salary?

#172

Post by m9731526 » Tue, May 11, 2021, 8:02 AM UTC

HashBasher wrote: post #153

3371 wrote: post #149

Earlier quoted context omitted.

It makes me sad that $20000 is my annual income and I'm a okay (I guess?) developer!

Where are you located? That seems like an insanely low salary.

Taiwan. The minimum wage here is about 24000 TWD ≒ 860 USD. I started at 31000 for 2 months, 36000 for 1 year, now 41000 for another half year. Quite a big company though.

Re: Ask HN: What passive income investments exist to supplement your salary?

#173

Post by herbst » Tue, May 11, 2021, 8:16 AM UTC

When i sold my first company i built an online shop (with only a few thousand $ actually). I know thats boring and not really passive, however coming from a tech background and running a SaaS this was the first time i was making money with something i could actually touch.

We do packages ~twice a week and the postal worker just takes them with him. And when i have days where i feel like compulsive shopping i just buy inventory and not shit for myself.

May is harder in countries where Amazon is strong, however Marketing never really was an issue for us as we sell rather specific niche items.

Re: Ask HN: What passive income investments exist to supplement your salary?

#174

Post by Havoc » Tue, May 11, 2021, 9:43 AM UTC

justaguy88 wrote: post #90

Havoc wrote: post #10

I’ve got a share portfolio that generates a couple bucks a day in short share lending. Literally just tick a box to give broker permission. Nothing is risky free but looked into it and as best as I can tell it’s a pretty good deal. No inconvenience, not much risk etc

I had always assumed they just did that already without permission

Basically all of them will...Interactive Brokers is nice in that they have a clear "we'll give you a 50% cut of actuals on your shares".

Other brokers seem to either keep it or implement a far less transparent process.

Since I'm holding risky shares (and thus higher % interest on borrowings) I definitely that directly linked

Re: Ask HN: What passive income investments exist to supplement your salary?

#175

Post by Havoc » Tue, May 11, 2021, 9:44 AM UTC

AnimalMuppet wrote: post #91

justaguy88 wrote: post #90

Earlier quoted context omitted.

I had always assumed they just did that already without permission

Perhaps they do. If they get caught, though, that's big trouble with the regulators.

Its generally one of the forms you sign during application

Re: Ask HN: What passive income investments exist to supplement your salary?

#176

Post by quickthrower2 » Tue, May 11, 2021, 9:48 AM UTC

I’m doing some eBay arbitrage for about $200 a month profit but I’m just starting.

I call it arbitrage as I buy at consumer prices from a store online and sell on eBay for a profit.

I profit even when paying listing fees, shipping and PayPal fees.

Re: Ask HN: What passive income investments exist to supplement your salary?

#177

Post by renewiltord » Tue, May 11, 2021, 9:49 AM UTC

refurb wrote: post #142

throwaway088 wrote: post #25

Earlier quoted context omitted.

That's my fear. But can you tell me in what situations I cannot evict my tenants. (Honest question).

Right now? CA still has an eviction moratorium going. If your tenants stopped paying rent you’d just have to bank roll it until it ends and you evict them.

If he can handle the cash flow, he'll be fine. The government printed enough money to pay him in the end.

Re: Ask HN: What passive income investments exist to supplement your salary?

#178

Post by Havoc » Tue, May 11, 2021, 9:50 AM UTC

jimmydorry wrote: post #134

Havoc wrote: post #10

I’ve got a share portfolio that generates a couple bucks a day in short share lending. Literally just tick a box to give broker permission. Nothing is risky free but looked into it and as best as I can tell it’s a pretty good deal. No inconvenience, not much risk etc

The problem with this though is that you are giving ammunition to those shooting at you. If their gambit succeeds (shorting), the value of your shares diminish. The net effect of doing this might not be entirely visible as a "smaller fish in the pond", but it is there none-the-less.

Yeah aware of that.

Short of a scenario like GME where there is an actual shortage of shares to short it won't move the needle given that available shares generally exceed borrowed shares.

It's a liquid market...so if I don't do this all that happens is the people shorting pay a fraction of a penny more in interest. For someone serious about strategically attacking something as a gambit / strategy that makes zero difference.

You can actually kinda see the effect in your own reports because it's proportional. e.g. If I have 1000 shares and only 200 get lent out then there isn't much short pressure. I've only seen it at 100% a few times and then interest rates soar so compensation for is good.

Ultimately it'll return to the intrinsic value of the company in the long run, so don't particular care about short term shenanigans

Re: Ask HN: What passive income investments exist to supplement your salary?

#179

Post by quickthrower2 » Tue, May 11, 2021, 9:51 AM UTC

wyclif wrote: post #166

dotBen wrote: post #80

Earlier quoted context omitted.

There's something about this that just makes me really sad. I guess being in my late 30's I hold on to the flawed notion that there is sanctity in something that is 'published'. Does anyone here want to read a book that wasn't written by an expert on the topic? How upset or sad would you feel if you spend several hours reading a book only to discover it was produced by an opportunist who picked that keyword and asked…

because now you have to sort out 'real' knowledgeable authors from this carpet bagging I don't believe that's difficult. You can almost always differentiate real books from the grift-type ebooks by looking at them by publisher. Big difference between serious non-fiction publishers and print on demand titles.

I always want a recommendation I trust or a book chapter preview or an author I trust.

Re: Ask HN: What passive income investments exist to supplement your salary?

#180

Post by testrufus » Tue, May 11, 2021, 9:51 AM UTC

Gustomaximus wrote: post #156

HashBasher wrote: post #154

IMO "passive income" has been hyped a lot by the pyramid scheme folks. If you have an income, you don't need another source of passive income, you need to save your money and invest it. For me, Bitcoin has been the only investment that I've focused on. It is the most scarce asset and will continue to increase in price simply because of the growing demand and limited supply. Just throw a percentage of your income into…

Ive not put money into crypto as I dont see the real value/future while recognising I could be completely wrong and many people smarter than me believe otherwise. But my logic to this is; 1) People need to consider the government, they make billions from domestic currency plus use it as a key tool to control the economy. Once these 2 facets are being affected do you think the government will not have resistance? Mayb…

1) Which government? Germany: Allows exchange traded funds on Bitcoin; tax-free cash-out if you hold longer then a year; US? Tesla is holding BTC on their balance sheet, Goldman Sachs and others are offering it and the ETF might finally be approved by the end of the year.

2) Noone involed in BTC wants to change that. The miners have control over it, but who in their love of mind would vote to increase the supply and basically devalue your savings?

3) There is no anonomity effect on BTC and never was. It is all tracable.

4) User growth? Not even 1% of the population have BTC.

5) There are custodty solutions. Or just store your BTC on a cold wallet, remember the recovery phrases and throw away your Ledger or whatever. It doesn't get more secure than that. If there is no hardware wallet, noone can access your BTC.

The Macro View IS Crypto, or part of it. With 5G and 6G, electrified cars, IoT etc., crypto is basically embedded in the digital world. Bitcoin is not crypto and is basically for Boomers, the space already moved 10x beyond Bitcoin.