3 ms·
True, but I guess I am not asking about a direct competitor with stocks. Something that can be worked on and built up over ten years (requires more upfront than
by daxfohl 6y ago
True, but I guess I am not asking about a direct competitor with stocks. Something that can be worked on and built up over ten years (requires more upfront than stocks), something that I'd be willing to spend some time working on after retirement (not entirely passive). There should be something that given a bit of elbow grease and time can provide a better return than a passive market investment.
- smt88 6y agoIt just depends on asymmetry. If you started buying antique boats and fixing them up, you'd definitely lose money. But a lifelong shipbuilder might have a huge ROI. So if you're trying to find the most sure-fire, low-effort income, I'd suggest something within the career you've already made for yourself. For example, I know a guy who does consulting just building web APIs. That's it. It's not the most technical niche, but it's enough that he gets $150/hr on Upwork and actually saves people money in the longrun by being good at his work.