I am an analyst at a government pension fund. It gets boring at times but I get to meet a lot of smart private equity and hedge fund guys, plus a lot of dumb ones.
I am curious. What do you guys do for a living?
- Thread starter R1234
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Once you're good at trading...I see no point in having other passive sources of income.
I mean, assuming you're good and generate healthy returns...why bother with lesser returns elsewhere...
What options are there for passive income...rental properties...owning a small business...maybe art...what's the average returns for those...less than 10% a year...
Tell me you aren't serious, 10%?
Once you're good at trading...I see no point in having other passive sources of income.
I mean, assuming you're good and generate healthy returns...why bother with lesser returns elsewhere...
Security and diversification. You don't want to have all of your net worth in one place. Besides, more traditional investments can be interesting in different ways.
Enlighten me. i'll admit i don't know those things well. Rental properties. small businesses. art, etc etc...what's the average returns of those/year? i'm pretty sure...it's not that high though.
i'll stick to what i know, the options market. i don't want to brag or anything...but i'm pretty sure...i make a higher % return than any of those passive income sources.
Me 2.-- well not literally full time, more like part-time...and the rest of the day...i'm rather bored as duck.
I am sorry to hear that, I have been trading full-time since 2006 and have not found that to be true for me. I rather spend all my energy on my trading business than get distracted by businesses that provide marginal income.
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Similar here, although not trading vol and much of my side income comes from an older business noone seems to take me seriously in anymore as I don't care much to follow up - it looks like I need to hire a lawyer to sort out almost every deal nowadays
looking forward to give up active trading as well, play tennis, hang out and live off passive income. Could do that now but not quite as comfortably as I wished, especially beeing responsible for a young tribe I have little idea how succesfully they will grow up. Never know, better start thinking early for the grand kids who should follow . FWIW I'm not so enthusiastic abt trading and still hate the drawdowns, but it much more than pays the bills -so far.
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Once you're good at trading...I see no point in having other passive sources of income.
I mean, assuming you're good and generate healthy returns...why bother with lesser returns elsewhere...
What options are there for passive income...rental properties...owning a small business...maybe art...what's the average returns for those...less than 10% a year...
i make more than that in the market.
Sure you do, yet why don't you sound like a billionaire yet ?
But indeed passive income is likely to pay (significantly) less than 10% a year, but without much need to bother.
If you are into trading financial products, you can get your passive income from similar products, what bugs me is income would still be correlated to the market, especially if one is looking for something close to the 10%
6% on average is a safer bet though, I know some big private banks try to sell their customers 4% (after lots of expense)
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Once you're good at trading...I see no point in having other passive sources of income.
I mean, assuming you're good and generate healthy returns...why bother with lesser returns elsewhere...
What options are there for passive income...rental properties...owning a small business...maybe art...what's the average returns for those...less than 10% a year...
i make more than that in the market.
first of all; anyone with a half a brain realizes you must be somewhat financially diversified. the percentage returns are not an issue if the total returns are more than your needs. i will point out, owning buildings and residential is far from easy. thankfully i swing (minimal day trades) the vix term structure and can show up at my properties to talk about issues, make them happy, and collect. but the truth is, i would prefer to trade only but i need to leave the office now and then or i would go nuts.