Re:Ask HN: Those making $500/month on side projects in 2022 ...
by nixcraft on Monday September 12, 2022 @01:41AM
(#32806476)
Out of curiosity, what stocks would you (or anyone reading my comment) recommend for someone in their late 40s? TIA.
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Re:Ask HN: Those making $500/month on side projects in 2022 ...
by firecall on Monday September 12, 2022 @01:47AM
(#32806505)
For me, in my 40s and based in Australia, I am invested in Apple and a three different ETFs.
There are plenty of investment forums and subreddits that discuss investment and FIRE strategies, and it depends on your country.
It's never too late to begin.
Generally an ETF or similar is worth looking into :-)
Re:Ask HN: Those making $500/month on side projects in 2022 ...
by djbusby on Monday September 12, 2022 @01:49AM
(#32806529)
Vanguard. Like VOO or VTWO - and once you have good savings in there, branch out to more divided payers if you'd like them to kick out some spending money. A 4-5% ARR is probable.
Re:Ask HN: Those making $500/month on side projects in 2022 ...
by Test0129 on Monday September 12, 2022 @01:58AM
(#32806578)
This would assume they are capitalized such that 4-5% ARR returns a living wage after capital gains. Most people don't reach this until their mid-50s or early 60s if they're lucky. Sometimes never.
Re:Ask HN: Those making $500/month on side projects in 2022 ...
by markdown on Monday September 12, 2022 @01:43AM
(#32806487)
This being the internet, the answer is going to be something useless like Gamestop.