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Can someone explain how they are using Amazon FBA? I generate some passive income from (by spending 1-2 hours a week): - stock & cryptocurrency picking - Cal
by laktek 9y ago
Can someone explain how they are using Amazon FBA?
I generate some passive income from (by spending 1-2 hours a week):
- stock & cryptocurrency picking
- Calls with industry research firms
- Earn.com
- actsasbuffoon 9y agoHow has the investing gone? Seems like 2017 was a good year, but 2018 has been a little more challenging. I have a large sum of money coming in later this year, and I'm thinking about investing it. Passive investment with an index fund is generally a good long-term strategy, though I strongly suspect we're in for a recession in the near future. I'd hate to lose 20-40% of my investment within a few months of putting it into the market. On the other hand, the amount of money I'll have on hand will be enough to do some things that most people can't. For instance, I'd have enough money to execute an option without trading on the margin on fairly large stocks, as opposed to selling the options contract, which seems to be the more common strategy. If I understand this correctly, that should enable me to be able to make small but reliable returns with relatively little risk. Hopefully I didn't mangle the terminology too badly. I'm researching all of this stuff somewhat frantically, and I'm new to it. I'll have to spend a couple months doing paper trades before I'm comfortable with putting real money into options.
- sunnyP 9y agoYou might want to research Swan Global Investments for a strategy to reduce risk using puts to hedge.
- actsasbuffoon 9y agoI'm reading through it now. This sounds like really good advice. Thanks for the great share!
- mfoy_ 9y agoHow are any of those passive?
- swyx 9y agothis exactly. still selling your time for money, just at different rates.
- mfoy_ 9y agoAnd I suspect on HN particularly very few of us will find a better ratio than in our day jobs...
- laktek 9y agoPassive in terms of time commitment and effort. I don't think there are truly passive income streams unless you have substantial capital to invest in the first place (eg: vanguards and rental property)
- cuspycode 9y agoI think scalable income is a more useful concept than passive income. What I mean by scalable income is when you can increase your income by investing more capital, but keeping time commitment and effort at the same level. In my view purely passive income is either some instance of rent-seeking, or simple risk-free return on economic growth. But even those require a minimal level of effort.