Ask HN: What passive income investments exist to supplement your salary?

Re:Ask HN: What passive income investments exist to suppleme... by twox2 on Monday May 10, 2021 @02:51PM (#27109450)

Which currencies? How much have you had to stake to make these kinds of returns?

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Re:Ask HN: What passive income investments exist to suppleme... by outro_macros on Monday May 10, 2021 @03:01PM (#27109540)

I just stake decred. Years ago I was much more ambitious and after losing money in multiple exchange hacks, and then losing nearly everything again in the ethereum DAO exploit, I will never again leave coins around outside of my own custody. Few cryptos let you stake easily while maintaining complete custody of your coins

Last I checked, I averaged just over the current annual roi at about 5%, but back in 2017 roi was higher at like 7% so you can do the math to see how much I have :)

It's all a bit of a blessing and a curse though. The year I made over 20k staking, I actually paid ~35% tax on that without realizing any profit in USD but thankfully I had enough money to handle that

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Re:Ask HN: What passive income investments exist to suppleme... by twox2 on Monday May 10, 2021 @04:35PM (#27110594)

Cool thanks for sharing. The volatility can get brutally expensive. I sell NFTs for ETH, which of course have to pay income tax on, but if suddenly ETH tanks.... ouch

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Re:Ask HN: What passive income investments exist to suppleme... by outro_macros on Monday May 10, 2021 @05:46PM (#27111273)

Yeah.. After the 2017 ICO bubble popped I had to take out 6 months salary in credit just to pay the IRS. (The alternative was liquidating every crypto I held at a massive loss)

It felt like I wasted everything butttt never again! I've already sold 12 months+ salary from a few other cryptos this cycle (:

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