Stocks For Passive Income | Bitcointalksearch.org

boyptc

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Quote from: UserU on July 29, 2020, 06:24:37 AM

Quote from: boyptc on July 28, 2020, 07:38:10 AM

Haha, you and I have the same thought with those 'retirement' fund that they're fronting with their sales.

They good to talk about those things after learning from several people through different forums sharing their investment journey with those offers that came from financial advisors, I was disappointed to see that their money lose not just with inflation but also with their investment.

Definitely Grin

Actually they have trainings to be thick-skinned while dealing with potential customers, and be super pushy. I have a friend who's active in promoting such scheme, and kept persisting despite telling him I'd rather invest in cryptos and other stuffs.

Ended up blocking that fella hahaha.

I personally talked to them and I noticed the eagerness they have for the sale. Even though I'm telling them a true thing about my reasoning that I can't commit with that monthly payment.

They keep on buzzing me and in reality, they are the ones that invited me to have a talk and I didn't know that it's all about the insurance policy and those investments. I'm interested to know more about investments but when they've talked about the investment they've offered with those samples that we are talking, it started to lose my interest.

UserU

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Quote from: boyptc on July 28, 2020, 07:38:10 AM

Haha, you and I have the same thought with those 'retirement' fund that they're fronting with their sales.

They good to talk about those things after learning from several people through different forums sharing their investment journey with those offers that came from financial advisors, I was disappointed to see that their money lose not just with inflation but also with their investment.

Definitely Grin

Actually they have trainings to be thick-skinned while dealing with potential customers, and be super pushy. I have a friend who's active in promoting such scheme, and kept persisting despite telling him I'd rather invest in cryptos and other stuffs.

Ended up blocking that fella hahaha.

boyptc

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Quote from: UserU on July 28, 2020, 05:53:49 AM

Quote from: boyptc on July 28, 2020, 05:08:20 AM

Ok, alright, I see.

I have encountered this with the financial advisors that I've talked to. They've offered me an "investment" + "deposit" and the other option was "investment" + "insurance".

I wasn't too ready during that time when they offered me those options.

Don't worry, you're not missing out much. Most of the time they just try to sell BS (get rich fast/ retire in X years) to you just for their quota/ commission.

From banks or insurances, they're legit but you're expected to reload/ top up funds every month. That's what I used to do until I decided to invest elsewhere.

Haha, you and I have the same thought with those 'retirement' fund that they're fronting with their sales.

They good to talk about those things after learning from several people through different forums sharing their investment journey with those offers that came from financial advisors, I was disappointed to see that their money lose not just with inflation but also with their investment.

UserU

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Quote from: boyptc on July 28, 2020, 05:08:20 AM

Ok, alright, I see.

I have encountered this with the financial advisors that I've talked to. They've offered me an "investment" + "deposit" and the other option was "investment" + "insurance".

I wasn't too ready during that time when they offered me those options.

Don't worry, you're not missing out much. Most of the time they just try to sell BS (get rich fast/ retire in X years) to you just for their quota/ commission.

From banks or insurances, they're legit but you're expected to reload/ top up funds every month. That's what I used to do until I decided to invest elsewhere.

boyptc

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Quote from: UserU on July 27, 2020, 11:45:39 PM

Quote from: boyptc on July 27, 2020, 08:01:20 AM

Quote from: solomine on July 26, 2020, 10:50:03 AM

Why stocks? Even crypto can give passive income with the ~~cloud mining~~, staking or structured deposits

~~Cloud mining.~~

I don't encourage people to do cloud mining. They're not profitable and you may be a victim of a scam cloud mining which most of them are. In staking, there's no problem with that but choose the reliable coins that offers to stake.

What do you mean by "structured deposits"?

Structured deposit is a combination of investment and deposit. For instance, you deposit a sum into an investment account so after a (fixed) tenure, you enjoy both the appreciation and dividends. Mutual funds is an example.

Ok, alright, I see.

I have encountered this with the financial advisors that I've talked to. They've offered me an "investment" + "deposit" and the other option was "investment" + "insurance".

I wasn't too ready during that time when they offered me those options.

UserU

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Quote from: boyptc on July 27, 2020, 08:01:20 AM

Quote from: solomine on July 26, 2020, 10:50:03 AM

Why stocks? Even crypto can give passive income with the ~~cloud mining~~, staking or structured deposits

~~Cloud mining.~~

I don't encourage people to do cloud mining. They're not profitable and you may be a victim of a scam cloud mining which most of them are. In staking, there's no problem with that but choose the reliable coins that offers to stake.

What do you mean by "structured deposits"?

Structured deposit is a combination of investment and deposit. For instance, you deposit a sum into an investment account so after a (fixed) tenure, you enjoy both the appreciation and dividends. Mutual funds is an example.

boyptc

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Quote from: solomine on July 26, 2020, 10:50:03 AM

Why stocks? Even crypto can give passive income with the ~~cloud mining~~, staking or structured deposits

~~Cloud mining.~~

I don't encourage people to do cloud mining. They're not profitable and you may be a victim of a scam cloud mining which most of them are. In staking, there's no problem with that but choose the reliable coins that offers to stake.

What do you mean by "structured deposits"?

WinBIts

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Quote from: Rick_avxo on July 06, 2020, 04:51:22 PM

Hi guys! So I used to see stock trading as a side thing, not realizing how effective it is up until i heard you can actually make six figure profit outta of it. and i kinda need advice on stock for passive Income.

Basically you need to grow your portfolio until you can easily get profit out of it and it won't hurt you to grow it further. For example, if you need like $2000 per month to live comfortable - make sure that your profits/dividends are above $2000 per month.
There is no other way around it - it is what it is

solomine

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Why stocks? Even crypto can give passive income with the cloud mining, staking or structured deposits

boyptc

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Quote from: KiloFoxtrot on July 07, 2020, 04:15:38 PM

Quote from: boyptc on July 07, 2020, 01:36:30 AM

Yes, it's true. No obligations and it's hard to achieve especially if you are the bread-winner of the family. You shoulder everything but yeah achievable but it will be a long road and has to build several income sources.

Stocks are also volatile so that could sway from 5 digits worth of dividends.

It's gotta be a dream come true, in what country you live OP? I think the lifestyle and cost of living there is too high.

Good luck OP with your journey, should you consider bitcoin IMO.

Words of wisdom (above), more specifically re: "Good luck OP with your journey, should you consider bitcoin IMO." Cool

Hehe.

We should tell him the truth about bitcoin. Tongue

He asked stocks in a bitcoin forum so I think he's expecting answer like that.

KonstantinosM

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Quote from: OgNasty on July 07, 2020, 12:56:09 AM

Quote from: boyptc on July 07, 2020, 12:33:47 AM

Quote from: KonstantinosM on July 06, 2020, 06:42:49 PM

Here's how much passive income I get from stocks... about 3 dollars a month on dividends.

I earned that stock as a benefit with an employer.

If you're expecting 6 figures of passive income you better be prepared to invest like 100 Million dollars in dividend stocks.

Now here's the thing, if you had 100 Million dollars you wouldn't be creating this post would you?

This. OP read it.

Earning passively through stocks with dividends requires you huge capital. Six-figure is possible actually but you have to be at the level of richest personalities.

It's ok to aim and have a dream of earning huge figures but start low and be realistic.

You should be able to generate six figures in dividend income with around 3 million dollars. Not to mention if you have millions of dollars, you probably have no debt or mortgage to pay, so you can live quite well on substantially less than six figures. In the US, last I checked, about 7% of households are millionaires. It isn’t unattainable, or even very rare.

Yeah I screwed my math up by a factor of 12. 24 I did month instead of year and I cut my earning by half (it was 20.69 per quarter). I'll edit my post. So instead of my 100 Million dolllars my estimate would be 4 Million dollars and that's on the stock I'm holding which is very much a long term stock from a company that really watches it's money. I don't think it has ever even crashed in it's history of over 50 years. I'm not going to reveal the company.

Edit: I made so many mistakes. I wish I was drunk. Now I came back to necro edit my posts. This is terrible.

KiloFoxtrot

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Quote from: OgNasty on July 06, 2020, 05:25:56 PM

Remember, there’s a reason that rich investors like Warren Buffett say to buy and hold forever, while the neighborhood get rich quick kid in his parent’s basement says to actively trade stock options...

This strategy worked like magic indeed for those bitcoin early adopters! Grin

Quote from: peter0425 on July 06, 2020, 10:18:23 PM

Quote from: Rick_avxo on July 06, 2020, 04:51:22 PM

Hi guys! So I used to see stock trading as a side thing, not realizing how effective it is up until i heard you can actually make six figure profit outta of it. and i kinda need advice on stock for passive Income.

are you serious asking this in crypto community?why not ask in the other side where stock people do things?

I agree (as my right eyebrow raised itself in unison). Roll Eyes

Quote from: boyptc on July 07, 2020, 01:36:30 AM

Yes, it's true. No obligations and it's hard to achieve especially if you are the bread-winner of the family. You shoulder everything but yeah achievable but it will be a long road and has to build several income sources.

Stocks are also volatile so that could sway from 5 digits worth of dividends.

It's gotta be a dream come true, in what country you live OP? I think the lifestyle and cost of living there is too high.

Good luck OP with your journey, should you consider bitcoin IMO.

Words of wisdom (above), more specifically re: "Good luck OP with your journey, should you consider bitcoin IMO." Cool

jrrsparkles

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Quote from: Rick_avxo on July 06, 2020, 04:51:22 PM

Hi guys! So I used to see stock trading as a side thing, not realizing how effective it is up until i heard you can actually make six figure profit outta of it. and i kinda need advice on stock for passive Income.

Trading stocks literally is not a passive income because you need to make lot of analyse to make trading decisions and also I would say trading stocks isn't effective as holding a valuable stocks for years.You can find lot traders sold their stocks too early and bought them at much higher price later, don't do that mistake buddy.

devil2man

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in fact it depends on personal strategies, for example I prefer the world of crypto and in particular trading and the stock holding represents for me only a marginal, minimal gain

boyptc

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Quote from: OgNasty on July 07, 2020, 12:56:09 AM

Quote from: boyptc on July 07, 2020, 12:33:47 AM

Quote from: KonstantinosM on July 06, 2020, 06:42:49 PM

Here's how much passive income I get from stocks... about 3 dollars a month on dividends.

I earned that stock as a benefit with an employer.

If you're expecting 6 figures of passive income you better be prepared to invest like 100 Million dollars in dividend stocks.

Now here's the thing, if you had 100 Million dollars you wouldn't be creating this post would you?

This. OP read it.

Earning passively through stocks with dividends requires you huge capital. Six-figure is possible actually but you have to be at the level of richest personalities.

It's ok to aim and have a dream of earning huge figures but start low and be realistic.

You should be able to generate six figures in dividend income with around 3 million dollars. Not to mention if you have millions of dollars, you probably have no debt or mortgage to pay, so you can live quite well on substantially less than six figures. In the US, last I checked, about 7% of households are millionaires. It isn’t unattainable, or even very rare.

Yes, it's true. No obligations and it's hard to achieve especially if you are the bread-winner of the family. You shoulder everything but yeah achievable but it will be a long road and has to build several income sources.

Stocks are also volatile so that could sway from 5 digits worth of dividends.

It's gotta be a dream come true, in what country you live OP? I think the lifestyle and cost of living there is too high.

Good luck OP with your journey, should you consider bitcoin IMO.

OgNasty

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Quote from: boyptc on July 07, 2020, 12:33:47 AM

Quote from: KonstantinosM on July 06, 2020, 06:42:49 PM

Here's how much passive income I get from stocks... about 3 dollars a month on dividends.

I earned that stock as a benefit with an employer.

If you're expecting 6 figures of passive income you better be prepared to invest like 100 Million dollars in dividend stocks.

Now here's the thing, if you had 100 Million dollars you wouldn't be creating this post would you?

This. OP read it.

Earning passively through stocks with dividends requires you huge capital. Six-figure is possible actually but you have to be at the level of richest personalities.

It's ok to aim and have a dream of earning huge figures but start low and be realistic.

You should be able to generate six figures in dividend income with around 3 million dollars. Not to mention if you have millions of dollars, you probably have no debt or mortgage to pay, so you can live quite well on substantially less than six figures. In the US, last I checked, about 7% of households are millionaires. It isn’t unattainable, or even very rare.

boyptc

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Quote from: KonstantinosM on July 06, 2020, 06:42:49 PM

Here's how much passive income I get from stocks... about 3 dollars a month on dividends.

I earned that stock as a benefit with an employer.

If you're expecting 6 figures of passive income you better be prepared to invest like 100 Million dollars in dividend stocks.

Now here's the thing, if you had 100 Million dollars you wouldn't be creating this post would you?

This. OP read it.

Earning passively through stocks with dividends requires you huge capital. Six-figure is possible actually but you have to be at the level of richest personalities.

It's ok to aim and have a dream of earning huge figures but start low and be realistic.

peter0425

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Quote from: Rick_avxo on July 06, 2020, 04:51:22 PM

Hi guys! So I used to see stock trading as a side thing, not realizing how effective it is up until i heard you can actually make six figure profit outta of it. and i kinda need advice on stock for passive Income.

are you serious asking this in crypto community?why not ask in the other side where stock people do things?

Quote from: KonstantinosM on July 06, 2020, 06:42:49 PM

Here's how much passive income I get from stocks... about 3 dollars a month on dividends.

3 dollars a month?damn that is too low i can earn that by posting in 1day lol.

Negotiation

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I think it usually depends on the individual himself how to invest Will be able to stock in both investment and trade jobs However, most traders use stocks for passive income. They keep stocks for a certain period of time so that they can make a profit if the price goes up This reduces the number of losses but again many are able to trade with the stocked currency for their own benefit. However it is better to stock up for passive income.

KonstantinosM

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Life is a taxable event

Here's how much passive income I get from stocks... about 3 dollars a month on dividends.

I earned that stock as a benefit with an employer.

If you're expecting 6 figures of passive income you better be prepared to invest like ~~100 million~~ 8 million dollars in dividend stocks.

Now here's the thing, if you had 8 Million dollars you wouldn't be creating this post would you?

Edit: I made a big mistake. I just took my estimate for what I get a month instead of what I get a year. The stock I hold is from a company that really watches it's funds closely and doesn't just make out huge dividends. The biggest value would be selling the actual stock after a number of years.

Topic: Stocks For Passive Income (Read 273 times)