Buy crypto, and lend it at 20-1000% apy using something like harvest.finance
Ask HN: What passive income investments exist to supplement your salary?
151–160 of 266 posts
Re: Ask HN: What passive income investments exist to supplement your salary?
#152Re: Ask HN: What passive income investments exist to supplement your salary?
#153Credit card cash back, it’s easy to get 5% on most purchases. That’s $1,000 tax-free a year for $20,000 expenses you’ll have either way.
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.
Re: Ask HN: What passive income investments exist to supplement your salary?
#154IMO "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 bitcoin and leave it alone.
Re: Ask HN: What passive income investments exist to supplement your salary?
#155So, about renting, I bought a single family home for $500k in bay area. It now is worth $1M. Gets me rent before expenses of $40000. So far, I have spent about $5k per year on. Repairs etc. So effectively, I make about $20k after taxes, repairs, mortgage interest etc. Overall, I spent $350k by way of downpayment, mortage interest payment, etc. No major tenant issues. Hence, I would peg my return on investment of 5% i…
Over the lifespan of owning the building, say a few decades, you can expect: 1. Rare but highly expensive major expenses like a new roof, new heating system, etc. It's like a tail risk- you don't pay for it most years, but when it comes up, it costs a lot. 2. Required renovations- just to stay at your current level of quality. I.e. let's say you rent to normal middle class tenants now. In 10-15 years, you'll need to…
> Source, am actually familiar with the true rate of return for properties over a long enough time span to judge.
What is it? 7% 11%? Do you factor in financing leverage when you make the tenant pay the principal to your mortgage (if any)?
Re: Ask HN: What passive income investments exist to supplement your salary?
#156IMO "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? Maybe not if its pervaded into society and has political backlash but there has to be political pushback at some point as govt will not want to let these go. For example some people say Libya war was in part over Gadhafi trying to move away from the dollar to a Afro-dollar
2) My understanding is bitcoin is limited by choice and not absolute. Bitcoins protocol can be updated and as time goes on there will likely be pressure to do so, and with this comes rise as if the wrong decisions are made it could be bad.
3) Crime and terrorism will likely take away the anonymity benefit. Like this recent oil pipeline hack, they wanted bitcoin payment. Once it gets linked more to terrorism, fraud and crimes like paedophile rings there is going to be huge pressure to regulate away the anonymity so its likely another benefit will evaporate.
4) Generally I dont see much consumer use or growth in use. There are high transaction fees, capital gains implications, and a great alternative called money. So from a usge (not storage) view there is little incentive to come across to bitcoin type currency day-to-day though I respect this one can quickly change but at the moment its more speculative value for store of wealth backs by the hope of scarcity, but as mentioned that's not absolute.
5) There is a lack of protection. If I get scammed online my credit card deals with it, or if I have shares/property there are legal systems to ensure ownership stays with me but crypto, do the wrong thing, or join the wrong exchange, you may find its all gone one day and that carries huge risk which now offers huge reward but once growth slows do you want to carry that?
Generally, as I said I dont profess to be correct and recognise I may well be telling my grandkids one day when I could have bough bitcoin @$65k and been rich now but I feel when you pull back to macro view it feels more speculative/FOMO that a product of value, to me anyway.
Re: Ask HN: What passive income investments exist to supplement your salary?
#157I'm in the UK and there are quite a few services now that invest your money into property and infrastructure loans as peer to peer loans. I've invested in quite a few and see ~£50 a month as gains across the total set. I usually either reinvest or I pay out and buy into other investments. I could increase my exposure here but I think I'm at a comfortable level for my risk appetite. For me this is investing in propert…
50 as in fifty? Guessing that’s a typo.
Re: Ask HN: What passive income investments exist to supplement your salary?
#158Publish 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…
People have got to make a living, by any mean. That's the state of the economy today, no small part by the effort of VC's.
Re: Ask HN: What passive income investments exist to supplement your salary?
#159I 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…
You can hire a property manager who will take a percent and turn it into almost entirely passive income. This is what I do with my properties, and all I do is approve expenses over a certain level and forward tax docs to my CPA at the beginning of the year.
Do you have any tips on vetting property managers, or an appropriate going rate for such work?
Re: Ask HN: What passive income investments exist to supplement your salary?
#160Earlier quoted context omitted.
Sincere question: why is this better than going with the vast array of mutual funds and ETFs available? Is it the return rate? Something else? It seems like your typical ETF or mutual fund is easier to get into and get out of, just a few clicks on your brokerage of choice. Your answer brought up the obvious general answer: the only way to make passive income from investments is to already have a lot of money. To me t…
I looked into syndication and commercial real estate earlier this year. My primary motivation was to diversify my holdings. I ultimately bought a house where I could rent rooms out on airbnb or to renters instead of going with a syndication. The main factor was getting leverage: a 30 year mortgage at 2.8% APY is basically free money. Airbnb is not passive, but I look at it this way: I'm going to live in a house anywa…
This is what a lot of folks are missing- real estate investment returns aren’t necessarily higher than other vehicles but the leverage is awesome.