Ask HN: What is your passive income 2019? • Hacker News Board

Re: Ask HN: What is your passive income 2019?

#201

Post by itake » Tue, Oct 29, 2019, 9:48 PM UTC

danaur wrote: post #174

bluGill wrote: post #154

Earlier quoted context omitted.

I plan to wait out the next recession - history shows most people lose more trying to avoid recessions than if they wait them out. Of course if I was closer to retirement that wouldn't work out. However that is why financial managers suggest a regular plan of diversifying into less risky (but lower return) investments as you get older. Target date retirement plans do that for you.

Could you link sources on this? Want to share with a friend

I think this concept is pretty cool

https://www.personalfinanceclub.com/time-the-market-game/

Re: Ask HN: What is your passive income 2019?

#202

Post by Sohcahtoa82 » Tue, Oct 29, 2019, 9:51 PM UTC

anonu wrote: post #65

Blackstone4 wrote: post #11

Earlier quoted context omitted.

My personal opinion is that retail investors love dividend stocks and they are more expensive than non-dividend stocks. Further to this, I have strong preference for firms which re-invest their cash flow resulting in capital gains which is much more tax efficient than a dividend.

I think retail guys love div stocks because they don't realize that when a div gets paid the stock price drops by the same amount. You wont't believe how many people think its just "free money". You even see strategies where people buy the stock before ex-date and sell after. Bonkers. I would agree with you that div stocks are more expensive on a Price-to-Earnings basis. Check this comparison: https://pages.etflogic.…

Could you make money by buying a div stock a bit of time before the dividends are distributed, but then sell BEFORE dividends, then short it until after dividends and people sell?

Re: Ask HN: What is your passive income 2019?

#203

Post by xcubic » Tue, Oct 29, 2019, 10:02 PM UTC

pavelmark wrote: post #63

Honestly it's not sexy but https://incomedata.org and https://nsndb.com . Simple data backed sites. They end up being pretty fun to make and useful for specific people.

I noticed the latest data is from 2017. Is the data after that not available or you lost interest on the website?

Re: Ask HN: What is your passive income 2019?

#204

Post by edmundsauto » Tue, Oct 29, 2019, 10:04 PM UTC

opportune wrote: post #141

Anon84 wrote: post #98

Earlier quoted context omitted.

What would you recommend as training/resources to get started in real estate investing? I was thinking of getting a real estate dealer license as a way to get a better idea of how the system works and go from there, but any words of wisdom from someone already doing it successfully would be most welcome. There's plenty of "real-estate investing" information online but most of it looks scammy as hell. EDIT: I'm based…

Kind of OT but I don’t understand why everyone with some spare time doesn’t get licensed for real estate to circumvent the cartel fees. It costs about $300 + the fees for the classes and 135 hours of time. But it can save you tens of thousands, gets you privileged access to listings, plugs you into the whole real estate ecosystem... it’s kind of a no brainer, as far as I can tell

Here's a couple of reasons why I don't want to do this:

1. 135 hours is a LOT of time to invest for even tens of thousands of dollars return. I could build and market a side project or two in that time, which could have potential for significantly higher return.

2. To recoup that return, I have to take a big risk, using a highly inexperienced agent (me) in a huge dollar transaction where everyone I speak with will have much more experience.

3. Worst decisioning -- if I am my own agent, I'm not in a good environment for optimal decision making.

There are other reasons outside the scope of your question (some people prefer lower touch investments), but those are a few.

Re: Ask HN: What is your passive income 2019?

#205

Post by fred_is_fred » Tue, Oct 29, 2019, 10:13 PM UTC

jakenberg wrote: post #85

driverdan wrote: post #78

Earlier quoted context omitted.

> Most contracts don't allow for commercial side projects and the company owns anything you create even outside of working hours. Those are terrible terms. You should never sign something like that.

And that rarely holds up in court, especially in California. Some common sense comes into play e.g. if you're building a direct competitor or using their IP, then of course that's going to be an issue.

It may not hold up in court, but your employer has more lawyers and more money than you and it simply may not be worth fighting.

Re: Ask HN: What is your passive income 2019?

#206

Post by notJim » Tue, Oct 29, 2019, 10:22 PM UTC

tasuki wrote: post #178

quaquaqua1 wrote: post #133

Earlier quoted context omitted.

I cashed out in September 2018 and I am most certainly not crying about missed profits :) That money is happily deployed elsewhere for better uses and the next time I have excess savings it will go into stocks when they're at the bottom of the market

> when they're at the bottom of the market Will there be an announcement?

A few weeks lead time would be ideal.

Re: Ask HN: What is your passive income 2019?

#207

Post by jawns » Tue, Oct 29, 2019, 10:31 PM UTC

edanm wrote: post #175

jawns wrote: post #86

My first book was published six years ago. The title is in my profile, if you're willing to click through for the plug. It has continued to sell well, and about two years ago I "earned out," meaning my royalties exceeded my advance, so now every six months I get a royalty check. I've also agreed to several deals that allow my book to be translated and sold in different countries. Those deals are usually on the small…

Oh awesome, I really enjoyed your book! Now I'm wondering if I first heard about it on HN, or through some other means. If you don't mind answering - what made you decide to write this book in particular?

I had a baby who wouldn't sleep, and at 3 a.m. one night, while in a rocking chair with him, my sleep-deprived brain thought it would be funny to write a book of science experiments you can perform on your baby. Woke up the next morning, still thought it was a good idea, and decided to pursue it.

Re: Ask HN: What is your passive income 2019?

#208

Post by anonu » Tue, Oct 29, 2019, 10:31 PM UTC

Sohcahtoa82 wrote: post #202

anonu wrote: post #65

Earlier quoted context omitted.

I think retail guys love div stocks because they don't realize that when a div gets paid the stock price drops by the same amount. You wont't believe how many people think its just "free money". You even see strategies where people buy the stock before ex-date and sell after. Bonkers. I would agree with you that div stocks are more expensive on a Price-to-Earnings basis. Check this comparison: https://pages.etflogic.…

Could you make money by buying a div stock a bit of time before the dividends are distributed, but then sell BEFORE dividends, then short it until after dividends and people sell?

Good remark. I always tell people that a trade exists because a trade exists. In this case you're trying to game the "dumb" money. Question is how much alpha is there? If any, is it arbitraged out by people who have made the same observation as you? So something that worked in a backtest may cease to work when you implement it.

Stock splits are famously positive alpha events. The mere fact that a stock has now become more "affordable" because of a lower per share price causes people to buy it. But I don't think any professional investor in their right mind would trade such a strategy.

The pre ex date div strategy you suggest may be more relevant because there's a higher frequency of events. The effect may be more pronounced in more "retail" investor focused names. I wouldn't trade it in its own. But maybe group it together with a suite of other signals in a stat arb like strategy.

Re: Ask HN: What is your passive income 2019?

#209

Post by sourc3 » Tue, Oct 29, 2019, 10:46 PM UTC

g2ah5z wrote: post #80

ricky1477 wrote: post #10

Semi passive rental income - one unit. Looking to acquire more and retire in 4-5 years. =) failed at monetizing my side projects in a scalable way

Same, although I have four rental units and one AirBnB. I wasted years of my 20s trying to come up with a monetizable SaaS product until I realized that I could earn passive income through "boring" businesses like rental properties. Now that I've had a taste of passive income through real estate, I've come to despise the tediousness of writing software. I can barely bring myself to do it anymore now that I don't "nee…

I am in a similar position and would like to know how you got started with rental units. Are you using a property manager like it was mentioned in a previous comment? Do you recommend AirBnB vs. long-term rentals?

Re: Ask HN: What is your passive income 2019?

#210

Post by radicalriddler » Tue, Oct 29, 2019, 10:48 PM UTC

typpo wrote: post #51

I have an outgoing SMS API called Textbelt ( https://textbelt.com/ ). Kinda like Twilio but with flat pricing, smaller SMS packages for hobbyists, no dependencies, and allows 1 free SMS per day (good for crons or alerts). I also run QuickChart, an API for generating embeddable chart images and QR codes ( https://quickchart.io/ ). QuickChart is fully open source, Textbelt has an open source version. Not always passive…

Damn, I've been looking at building an app that requires SMS messaging. I'll give yours a look over before going straight to Twilio.

A bit annoying that I have to give an email address to get a key, just to get pricing info though.