Re:Ask HN: What are your passive income sources?
by Veratyr on Wednesday October 26, 2016 @07:07PM
(#12801565)
I'm invested in forex (foreign currency trading). There are 3 buckets I'm in:
- $3500 deposited, run since Jun 3 (~5 months), current balance is $5200 (48% total profit, 8%/mo).
- $5000 deposited, run since Jun 28 (~4 months), current balance is $4590 (8% total loss, ~-2%/mo).
- $3000 deposited, run since Sep 2 (~2 months), current balance is $3218 (7% total profit, ~3.5%/mo).
It's certainly not for everyone but it's an amusing hobby. I've made a net profit so far so I'm happy.
I came to this after stocks as the research I'd found seemed to show that foreign currency fluctuations were significantly easier to predict (and profit from).
- $3500 deposited, run since Jun 3 (~5 months), current balance is $5200 (48% total profit, 8%/mo).
- $5000 deposited, run since Jun 28 (~4 months), current balance is $4590 (8% total loss, ~-2%/mo).
- $3000 deposited, run since Sep 2 (~2 months), current balance is $3218 (7% total profit, ~3.5%/mo).
It's certainly not for everyone but it's an amusing hobby. I've made a net profit so far so I'm happy.
I came to this after stocks as the research I'd found seemed to show that foreign currency fluctuations were significantly easier to predict (and profit from).