Passive income thread

[Anonymous No.29604308]

Renting out a property
vs
Providing liquidity in DeFi (eg. USDC in Aave)
vs
Staking coins (eg. ADA)

Which is the most comfy way of making a passive income? What are the benefits and drawbacks of each method?

[Anonymous No.29604807]

>>29604308
Bump because I dream of making it too.

[Anonymous No.29605014]

>>29604308
Property is not a great investment as many believe it is.
Real estate is really good for easy leveraged money, which takes time to come to fruition.
Also maintenance and being a sitting duck for taxes.

In reality nothing beats compound interest from good stocks.

[Anonymous No.29605446]

>>29605014
Yes I guess stock market is also an option but I would have thought after the GME shit people just stopped wanting to play the traditional finance game
Would be cool as fuck if I can set aside a six figure sum after this bull market just on some decent stocks and make a six figure profit, just from a 200% return over a year or something. Little risk, no rugpulls, just good old fashioned boomer capitalism. I'm just too deep into the crypto rabbit hole.

[Anonymous No.29605589]

>>29605014

retard. you clearly haven't lived in some shit rentals. next time, you should look at hong kong rental cages.

[Anonymous No.29605790]

provide liquidity

[Anonymous No.29605822]

>>29605589
don't give a shit about chinese cages

[Anonymous No.29606647]

>>29605589
>retard

Ok fuckstick teen catamite.
What is worth a cleaner return?
Owning some SARS matchbox chinkhive, full of taxes, maintenance, outgoings, housing association/BC?
Or owning a share in one of the companies that make such hovels exist? Be it a builder, REIT, accountant, cement supply, hell I bet half the shitboxes in there are on Airbnb- the same capital investment as owning one 50sq ft apartment would get lower net return at the same price as shares in Airbnb.

[Anonymous No.29607318]

I flat out do not understand how people make money in real estate.
You buy a $1,000,000 home and rent it out for $3-$5000/month, it takes you forever to recoup the money.
or alternatively you mortgage the home and use the rent to pay it off and still have cash on hand to buy another home and mortgage that.

Either way you're not recouping your initial investment for decades while still being massively over-leveraged.
I just don't understand how that becomes profitable without being extremely lucky for 15-20 years

[Anonymous No.29607549]

>>29607318
Yeah but muh equity, muh 2x every 5 years like the trend has been

[Anonymous No.29607705]

Only real way to do it is to go all in and buy a complex where you have a few tenants. One I was in for a bit was 10 units, each paying out ~1700 /mo.
>do you do maintenance?
It aint broke, don't fix

[Anonymous No.29607871]

Great thread. I started getting serious trying to make passive income by developing Apps for stores. I have 1 app active that I developed in 2019 and in 2020 made me $11 dollars monthly.

I think this is progress

[Anonymous No.29607885]

>>29607318
First you buy low.

Then you use for example your 1 million to buy 4 hourses of 500k (and have a mortage of 4% on the other million).

So now you have 120k yearly in rent.

Use that money to save 200k and then buy an other house.

Snowball till you have 15-20 units, then sell when the houseprices are high.

You just become a millionaire with only 500k

[Anonymous No.29608202]

>>29607705
And how much is a complex? $500k?

>>29606647
>>29607318
I don't know, I think it's an old boomer game
Unless you're Donald Trump you won't be making yuge returns
I hope with DeFi more people will be making passive incomes on the internet instead of buying out 20 homes and being a rentier

[Anonymous No.29608207]

>>29607885
>just have a million dollars

[Anonymous No.29608257]

>>29607318
90% of self made millionaires got their start in real estate. Figure it out.
>>29604308
Why AAVE when ASKO will be capable of more in the future? You can stake on asko too.

[Anonymous No.29608403]

Is AAVE the best liquidity pool? Why not Uni or Bancor?

[Anonymous No.29608559]

>>29608403
AAVE is shit

[Anonymous No.29608641]

>>29608202
>And how much is a complex? $500k?
Probably back in the day. If you bought today it would be 800-mill for sure due to location.

[Anonymous No.29608740]

>>29608257
>>29608559
not buying your heavy dumped bags lmao

[Anonymous No.29608868]

>>29608403
Bancor gives single sided exposure which is rad but I believe the USDC yield is 8% annual. Celsius and Crypto.com do 12%+. Idk about AAVE.

[Anonymous No.29609016]

>>29608207
Start with a smaller sum then faggot, it’ll just take you longer to reach your desired goal.

[Anonymous No.29609051]

For people with passive income through DeFi: Is there a ratio of what you split between reinvesting and spending it on whatever.

Also, is there a stable coin backed credit card yet?

[Anonymous No.29609120]

>>29604308
>USDC in Aave
what is the apr?
aren't you afraid of smart contract hacking?

[Anonymous No.29609243]

>>29604308
>stake CRO
>make 20% pa
>get cool debit card and free Netflix and airport lounges

Feelsgoodman

[Anonymous No.29609318]

>>29604308
that pic kek

[Anonymous No.29609541]

>>29604308
>Renting out property
doable, you just need a ton of time and upfront investment
>DeFi lending
still extremely risky, these protocols are still new and a lot can go wrong technically, either Ethereum or the DeFi protocol itself, or people just move to another protocol which can happen extremely fast. And right now it costs around $40 to add/remove LP with any amount on Ethereum
>Staking
You're making a huge bet that the coin you're staking will become popular or at the very least stay relevant for many years to be considered passive income

[Anonymous No.29609680]

>>29609243
>Cardholders cannot load cryptocurrency onto their Crypto.com Visa Card. All cryptocurrency will be converted to US Dollars and the US Dollars can be loaded onto the Crypto.com Visa Card for use in purchase and ATM withdrawals.
So... what is the point of the card exactly?

[Anonymous No.29609827]

>>29608202
>I hope with DeFi more people will be making passive incomes on the internet instead of buying out 20 homes and being a rentier

We are all going to be very wealthy in 10 years.

[Anonymous No.29609884]

>>29609680
I get 20% staking rewards and I don't have to cash out through cuckbase and then into my bank. Bust mostly free shit for now, I will literally only use it for free Netflix and Spotify and airport lounge access.
But 20% staking is killer

[Anonymous No.29609892]

>>29607318
It only works if you have (real) building skills and can add value

[Anonymous No.29610068]

>>29609884
Ok cool. So you load up CRO, it's automatically converted to USD, and you get a 20% APY on the amount you loaded up? So it's like a debit account with 20% interest?
Does crypto.com work with other currencies other than USD?

[Anonymous No.29610166]

>>29609827
Why do you think so?

>>29609541
If you distribute over many dapps then you reduce your risk. Otherwise, good points...

[Anonymous No.29610388]

>Win $5 million in lottery
>Put it in bonds
>Live off the interest at like $50,000-$100,000 a year

That's the fucking dream right there.

[Anonymous No.29610486]

aren't you afraid of smart contract hacking?

[Anonymous No.29610531]

How reliable is pic related? Putting in $1000 worth of CAKE will get me 211 CAKE at EOY and at an average price of $15 per cake that’s $3165 per year? So if I kept that $1000 in the pool I would receive $3k every year for ever??

[Anonymous No.29610749]

If you’re not rich enough to own commercial property on NNN leases where they are responsible for maintenance insurance and taxes its a fucking headache. Better than wageslaving but residential landlording is fucking terrible in most states.

[Anonymous No.29610764]

>>29604308
My plan is to keep building up my USDC in my Celsius account, once it gets to 200k it can essentially pay out monthly increments what I could get for renting a a house around here - except I don't have to deal with broke tenants or broken plumbing/shingles. I explained it to my wife as an imaginary rental house.

Granted we are still pretty young so will probably just let it reinvest in itself for a few years.

[Anonymous No.29611261]

>>29604308
Injective's staking testnet was launched recently and a lot of validators joined it immediately. check it for passive income fren

[Anonymous No.29611302]

>>29610764
Celsius is tempting. Might be a good idea to ape into it as the bull run is ending to front run everybody else.

[Anonymous No.29611418]

>>29604308
i prefer compound intrest or selling stuff online, like software. renting is a huge hassle, fucking annoying

[Anonymous No.29611420]

>>29605014
yes real estate is literally the hardest way to make money, the only reason to "invest" in it is because banks are currently giving away free money.

[Anonymous No.29611460]

tokamak network's staking rewards are considerably high. stake some TONs for get this profit. TON is gonna pamp after the correction cuz L2 hype is on the gate too

[Anonymous No.29611550]

>>29610068
More or less. You stake your crow and its locked for 6 months but you receive your staking rewards every seven days. So with a 50k cro stake you get 178 cro a week which is about $30 right now. You then can get that cro automatically converted into usd when you spend.

[Anonymous No.29611790]

>>29608403
Bancor will be the best after they integrate Arbitrum in Q2 and fees will be tiny. My passive income strategy is accumulating a big BNT stack then staking it after Q2.

[Anonymous No.29611973]

>>29611261
Probably gonna stake 1000 Inj, make me some passive income

[Anonymous No.29612038]

>>29611550
Sweet....

>>29611790
I've read that the Bancor yields will be much less later this year than they are now, but for now they're pretty crazy yeah

[Anonymous No.29612206]

>>29610531
read the "compounding daily", if you don't do that the yearly return is only 138.7%. If you do you get the ~300%, but compounding every day will cost you ~$200 in fees per year. Can you get more gains compounding more often daily, at what point does it stop being worth the fee? You do your own maths.

[Anonymous No.29612256]

>>29610531
Assuming the rate of interest never changes, and that the price of $CAKE never changes, yes

[Anonymous No.29612533]

Does selling monthly covered calls on low risk stock count?

[Anonymous No.29612652]

>>29612038
If you time it right you'll still get in with staking on BNT when the yields will still be high. Otherwise it's a long hold, BNT will moon when we enter alt season after BTC ends its bullrun end of year

[Anonymous No.29612941]

>>29611420
If you have the assets to borrow off property is a no brainer. It’s almost impossible to find an investment where the rent doesn’t cover the costs. It’s the ultimate sit back and forget. Plus you can keep borrowing against your existing portfolio to buy more. I have a $1.5m house paid in cash. Not borrowing against it to buy property would be retarded.

[Anonymous No.29613146]

Isn't the safest play to put into safe boomer stocks and live off 7% a year?

[Anonymous No.29613295]

>>29604308
renting property isn't as passive as people make it seem and there's a lot of expenses to deal with
plus you have a physical property to worry about unlike with stocks, staking or defi where you don't have to give a fuck about that shit, the only problem is you have to worry about whether the asset goes to shit which means your passive income goes to shit with it
defi especially is still young so you can't count on that

[Anonymous No.29613420]

>>29612941
It's free money until the fed fucks you over with interest rates or your tenants stop paying rent and the bank gets your house :^)

[Anonymous No.29613606]

>>29613420
Interest rates aren’t going up for a decade if ever. I’m Australian so we don’t really have issues with rent not being paid.

[Anonymous No.29613754]

>>29613606
Keep on jewing then

[Anonymous No.29613901]

>>29613146
When there is inevitably a crash the boomer stocks are hit hard. That's why the "time in the market bears timing the market" meme exists

[Anonymous No.29614133]

>>29607318
>$1,000,000 home
I love when dipshit poorfags who live in New York and California talk about real estate. where I live you can buy a 2-3 family home for 200-300k. One renter pays your mortgage and the others just give you free cash.

[Anonymous No.29614309]

There literally is no better passive income option right now than Bancor. If you want to be super safe, just deposit stablecoin into their liquidity pool.

If you have any stablecoin (DAI, USDT or USDC), just deposit it into Bancor for 80-100% APY + the fees from the token pair.

Bancor has been audited 4 times.
>Peckshield (October, 2020)
>Certik (October, 2020)
>Halborn (August, 2020)
>Consensys Due Diligence (July, 2020)
>source: docs.bancor.network/ethereum-contracts/security

Basically no risk. Easy money.

Or if you are a chad, you can buy BNT and provide single-side liquidity for 80-100% APY. Double-down on your bet that BNT will someday be worth as much as SUSHI (5x from here).

I'm staking a fuckload of BNT right now and making like $3-4k every day.

[Anonymous No.29614453]

>>29613754
To beat the Jew you need to think like the Jew.

[Anonymous No.29614508]

Is there a way to stake my bitcoin for passive income without having to port to a wrapped version or join some sketchy platform

[Anonymous No.29614601]

>>29614508
No, just take the BNT pill

[Anonymous No.29614757]

>>29604308
I have real estate investments, property manager rents out my condo for me. If I had my deposit back I would just shove it into USDC 8-14% APY.

[Anonymous No.29614772]

I see the only way to really make it is from inheriting property or from buying at the bottom like in 2008.

[Anonymous No.29614819]

>>29614601
Sell my bitcoin? Are you joking mate. I already sliced off a fraction of my stack to stake CAKE and the returns are insane. If i could get half the returns on a bitcoin stash id be so comfy

[Anonymous No.29615824]

>>29607318
you can also develop, flip, and capitalize off markets
>>29614133
this. Even though you can make good money, particularly in california, as a real estate agent.

[Anonymous No.29615889]

Commercial real estate is the way to go, dramatically reduces the headaches involved with residential. Cap rates are high, roughly 8.5% in my region. Maximize your PSF rent rate by through build outs and recognizing shortcomings in your local market. Sign minimum 3 year leases, this reduces turnover and the need to consistently market and re rent the unit. NNN leases to pass through all expenses to tenant. At most I spend 1-2 hours a week managing roughly 30 units, anything major i subcontract out to a 3rd party. The advantage with real estate is that historically it goes up and is seen as a safe asset, also has numerous tax advantages like note interest write off and 1031 exchanges. Crypto is still a great investment, the returns in the short term are unparalleled by any other asset class. It really just becomes a question of each investors risk tolerance and where they want to place themselves on the spectrum of it.

[Anonymous No.29616498]

>>29615889
Have you suffered any type of decline due to Covid and the amount of work that is now conducted from the home? Seeing reports of vacant downtown areas with sparsely populated commercial buildings sounds extraordinarily scary.

[Anonymous No.29616724]

>>29607885
Neat

[Anonymous No.29616776]

>>29614309
100% APY Sounds fishy, how are they able to pay that?

[Anonymous No.29618046]

>>29604308
I'm seriously considering building ZE PODS for my fellow millenials to live in, maybe near universities where many people will be moving into as soon as covid is over
>YOU VILL LIVE IN ZE POD
>YOU VILL PAY YOUR LANDLORD or
>YOU VILL SUCK HIS DEEK for paying late

[Anonymous No.29618957]

>>29618046
It's crazy to believe we're really heading towards this
https://youtu.be/FASvJF21yXU
Start at t= 1m10s

[Anonymous No.29619591]

>>29611261
based INJector