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Running an online store isn't "passive income." Passive income is from rental properties, mutual funds and (my dream) a rich uncle's trust fund.
by NordStreamYacht 6mo ago
Running an online store isn't "passive income."
Passive income is from rental properties, mutual funds and (my dream) a rich uncle's trust fund.
- jimbokun 6mo agoHope your rich uncles are watching their backs!
- NordStreamYacht 6mo agoI'm sure I don't know what you're talking about.
- icedchai 6mo agoI’d argue that unless you’re using a property manager, rental property isn’t really passive, either. Do you want that call at 3 am to fix a flood?
- Ekaros 6mo agoAt that point I wonder why not just invest in REIT. And then look at how those compare to other possible companies... And then figure out nothing makes much sense.
- Nasrudith 6mo agoHave you seen the taxes for REITs? They are complicated and often taxed as ordinary income instead of capital gains. I have heard recommendations to only use them in Roth IRAs.
- icedchai 6mo agoI have a bunch of REITs in my "dividend" portfolio. This is true, most of the dividends are not qualified.