Buy crypto, and lend it at 20-1000% apy using something like harvest.finance
That looks quite risky https://news.bitcoin.com/defi-protocol-harvest-finance-hacke...
Ask HN: What passive income investments exist to supplement your salary?
231–240 of 266 posts
Re: Ask HN: What passive income investments exist to supplement your salary?
#232I’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.
how does this work in practice? do people not realize they are paying above the store price?
Re: Ask HN: What passive income investments exist to supplement your salary?
#233Earlier quoted context omitted.
how does this work in practice? do people not realize they are paying above the store price?
I mean, people also don't go checking around every sale for items. But I would be curious to know what lengths OP goes to to identify items.
Then I check the number sold and think “oh someone is making some money here”
I don’t do anything special and realise I may have got lucky with this one.
I found another item like this in theory but I listed on this week and it hasn’t sold. So we will see.
Re: Ask HN: What passive income investments exist to supplement your salary?
#234Publish books on Amazon. I've published 4 and make about $3k in profit per month, after paying for ads on amazon. Don't write them yourself, that's a lot of work. Instead, do key word research about what books sell in non-fiction categories (fiction is a whole different ballgame). Look for keywords that 1) auto complete in the amazon search bar, and 2) have less than 4,000 matching books, and 3) have an average Amazo…
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…
I'm not quite in my 30s yet but "published" in general vs "published by a specific publisher" (like O'rielly) seems really odd, especially after some of the absolute garbage we were forced to buy in college.
Re: Ask HN: What passive income investments exist to supplement your salary?
#235Earlier quoted context omitted.
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.
Your advantage is cost of living then. You can create a SaaS and live off it much sooner than a SF person spending $100 a week on sourdough bread
Re: Ask HN: What passive income investments exist to supplement your salary?
#236I would point out that renting out a condo is not a passive investment; keeping up with tenants, doing cleaning and maintenance, etc. can be a full-time job (maybe less so for a condo than a house, but still). And as we here probably know, maintaining a website is not necessarily passive either, and I would imagine the same is true of a vending machine. These are projects, and at some point they become businesses; no…
I would disagree. If you own property in a good location, screen your tenants, it's almost no work. I have several properties and spend less than an hour a month on average in total dealing with any issues.
Source: My family had a tenant that started a fire.
Re: Ask HN: What passive income investments exist to supplement your salary?
#237Earlier quoted context omitted.
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 dif…
Re: Ask HN: What passive income investments exist to supplement your salary?
#238Re: Ask HN: What passive income investments exist to supplement your salary?
#239Publish books on Amazon. I've published 4 and make about $3k in profit per month, after paying for ads on amazon. Don't write them yourself, that's a lot of work. Instead, do key word research about what books sell in non-fiction categories (fiction is a whole different ballgame). Look for keywords that 1) auto complete in the amazon search bar, and 2) have less than 4,000 matching books, and 3) have an average Amazo…