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I'm curious about your passive investment income strategy. I too am a developer with considerable assets accumulated over the years through investment and savin
by xwdv 6y ago
I'm curious about your passive investment income strategy. I too am a developer with considerable assets accumulated over the years through investment and savings, and with no wife or kids to worry about I've often thought about taking the leap into being a solo dev working on my own projects. In 2020 I learned how to make a new passive income stream by simply selling options against stocks and cash I held in my portfolio, but since 2020 was an odd year I'm not sure if this is a good long term strategy as volatility and thus option prices were much higher in that year. You've been able to survive 3 years so I'm wondering what you do.
- mtlynch 6y agoI don't do anything especially clever. For most of my adult life, I've just held S&P 500 index funds. When I quit my job, I moved to the Bogleheads three-fund portfolio.[0] I've been getting good returns, but like you said, it's been an unusual few years in the financial markets, so my portfolio hasn't been tested under challenging conditions. [0] https://www.bogleheads.org/wiki/Three-fund_portfolio https://www.bogleheads.org/wiki/Three-fund_portfolio