put aside 20k to get passive income what would be best options? working full time, plus family - making impossible to sit for online trading...
Just throw it in an index fund and forget it.
this one is correct
Hookers
Shoot. I change my answer to this one.
How tf does spending on hookers generate passive income?
Selling covered calls is a good way to generate income. Buy 100 shares of a stock you want to own and sell one out-of-the-money call. You keep the premium you sold the call for. If the stock goes above the strike price your shares sell for the strike and you keep the profit. You want the stock to stay flat or go up a little bit, but not enough that your shares get called away. You can do this as many times as you want with the same stock. I do it with Ford, selling calls 30 days out from expiration - I collect a 7% dividend, 5-7% annual return on my calls, and I hold the stock. Virtually no time investment required.
20k is not nearly enough for most passive income streams, just invest it.
What is O ?
REIT stock
You could build a turn-key business over weeks/years with that money, but that's hard. Otherwise, stocks/index-funds are what most people do. Suppose you have a 5% annual return on your 20k ... That's 1k before tax.
Pooling and getting NYC taxi medallion?
80% index funds 20% bitcoin
Wallstreetbets
O
How much O do you have
0