Passive Income During a Move

As my wife and I prepare to move 3 hours north of our present location, I have become even more passionate about finding the right combination of financial vehicles. This is not counting the “normal” stuff. Everything at Schwab is on cruise control with no need for my intervention. I continue to seek those opportunities where my severely-crippled** “play” money can find a safe sanctuary. Since safe is largely reserved for 401ks and IRAs, I continue to plumb the depths looking for the magic vehicle that can replenish my alternate investment accounts.

  • Trading bots: These are the perfect vehicles to have when you are distracted by moving or traveling or living. If they have no equity protection, never mind. The Octane bot continues to be the only vehicle that will allow me to sleep without worrying what will greet me in the morning. If I knew of others, I would promote them.
  • Futures (Copy trader and bot): After conceding this option is unlikely to single-handedly reinvigorate my disposable investment coffers, I am only trading on my SIM account. Progress is being made and the “guru” loves the data he is collecting. Every morning, I continue to log into my VPS and configure the strategy to work within my NinjaTrader account. Good day or bad day matters not to me. Next time I go off SIM, I will be much less patient. While I must occasionally nudge the “replicator” out of a trade, I can pack a few boxes of stuff after I have the VPS set up. Once it is making money, the 5 minutes spent on the set up will be largely “passive.”
  • Crypto: I continue to dig into the yield-farming/liquidity-pool ideas I explored earlier. I like the concept, but I am concerned what will happen when crypto goes through a downward cycle. Honestly, I am admitting my ignorance. How much am I willing to pay for a mentor to make sure I am pointing the right direction? Having been burnt by some bots, my trust is not easily earned. I have seen through the lies of, “better than bank” income. When you play in unsafe investment waters, you are a fool to hop in the boat of the first fisherman with a means of navigation.
  • Other Options: I am not aware of other things to explore. Clearly, I can’t go to a financial planner and ask, “What sketchy investments should I be looking at?”

If I find something that works, I will not keep it to myself. 😉

**This is a shout-out to my bot dollars that fled my account only to make friends in the account of another.

About Andy G

Semi-retired dad of 4 biological kids and many others kids. Eyes on eternity while enjoying the blessings this life has available.
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