Guys, let’s share the ideas for passive income / side hustles, too much chasing for the paycheck..... #personalfinance #investments #passiveincome
Stonks with >10% yield
I thought T is the only one with good history, do you know any?
Qyld
I think lending hard money to friends may have negative EV
Thanks, yeah i thought so just wanna know what others are thinking too.
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Escort service
aave usdc p2p lending safer then buying equities and more yield
What do you use ?
Gas fees too high right now. What do you think of BSC?
Covered calls
What the best stocks to do this on and how did you learn how to do this?
I read about options here: https://www.investopedia.com/options-basics-tutorial-4583012 I don’t pick stocks for selling CC specifically, but rather pick stocks which I am willing to hold for long term, and sell covered calls against that. For now, I have been using Amazon, it is expensive, but has been very volatile in the past few months. I would sell OTM $4500 c 6/22/2022 (something > 1 yr for long term taxes), and if the price goes down, I buy them back. Till now, I have made ~2k/month per 100 stocks, which is about ~8% pretax return. It’s not a lot, but it’s free money. In worst case if amzn continue to go up, I will let the option expire, but it hasn’t happened in a while.