What are the options for passive income for forex traders?
Dwain Ross
08 / March / 20
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What are the options for passive income for forex traders?
Obviously, this income requires minimal or no effort at all. Sounds tempting. But how is it really? If you do not want to work yourself, then something should work for you. In the case of passive income, your capital will work for you. The origin of this capital itself is no longer important - someone got it through hard work, putting it off and limiting itself, someone was born lucky and received an inheritance / gift / won the lottery, but someone may even have stolen something. As a result, all these people got their capital and can now dispose of it so that it generates a certain income, the more the better. If we consider an ordinary, ordinary person who did not invent something original that would allow him to live on royalties until the end of his days, then in what areas can you invest your money in order to receive passive income and do nothing at the same time? We will consider the sources in increasing order of complexity for the layman.
Bank deposit
Simple as that - brought money to the bank, signed an agreement and sit by yourself, get interest. What are the pros - do not need to do anything at all. Now it’s not even necessary to go to the bank - you can open a deposit via the Internet. Through the Internet, you can transfer yourself the interest received. The easiest way, it can not be easier.
Apartment rental
A little more complicated - you have to first buy an apartment, then advertise, find an adequate tenant. Then you can already receive passive income. True, in contrast to the contribution, it is not guaranteed - the tenant will move out and there will be no income during the downtime of the apartment. And if the tenant also spoils the apartment, then the income in general can smoothly turn into a loss. Why are there so many who want to choose this particular method? Because it’s difficult to take an apartment from you, it will not disappear like a bank, and most importantly, everyone hopes that over time their apartment will only go up in price. Double benefit!
Stocks / Bonds
It seems as simple as opening a deposit in a bank, but on the other hand, you must first analyze the market and choose the most profitable stock, while not forgetting the reliability of the company that issued it. And then he will pay dividends a couple of times, and then he will take and go bankrupt. Here it is already necessary to possess certain knowledge, to monitor the economic situation in the country, to think a little. But stocks can also rise in price, like apartments, but at the same time they can be sold much faster than real estate.
Share in business / Risky investments / Funds
It is very difficult. You need to be well versed in certain areas, regularly monitor the situation, keep your finger on the pulse. Otherwise, enterprising Ostap Benders can shod you and after some time your money will be transferred to someone else's pocket. So this type of income can be called passive with a big stretch. The plus is that the yield here can be several times higher than with more conservative deposits or rents.
And what to choose in the end?
If there is not a lot of money, but there is no desire to do anything at all, then it is better to go to a bank, to a deposit. If there is more money, there is a willingness to get out of the couch a couple of times a month and do something - you can think of an apartment for rent or, if funds permit, put a part in the bank and partly put into real estate. If there is a desire and readiness to even work a little - quite a bit, of course, and capital allows - then you need to diversify in full: deposits, real estate, stocks. But the more directions you choose, the more time you will have to spend on monitoring the situation, well, and to calculate all the profits, of course.
