Is it true that passive income does not exist?
Passive income is the dream of most people, because according to many, there is nothing better than not working, but only enjoying life.
Not only older people, but also those who have just turned 20 years old dream of receiving money regularly and doing nothing.
Moreover, most people do not even suspect that there are practically no options for truly passive income.
You can quickly verify the veracity of this statement if you try to invest your free money yourself.
At the moment, most bloggers name sources of passive income such options as dividends, real estate, investments in PAMM accounts and deposits.
Dividends on shares - in order to constantly receive income and not losses by investing money in shares, you will need to regularly review your investment portfolio .
Periodically removing securities of companies that began to fall in price or stopped paying dividends and replacing them with more promising ones. Otherwise, the losses from this investment may offset the profits.
The only option to make this income completely passive is to entrust your money to a manager who will control the investment portfolio for you, but this is only possible with solid investments.
Real estate - or more precisely, obtaining a stable income from renting it out. Here everything is even more complicated, since you need to control the tenants, sometimes look for replacements for them, make repairs and solve everyday issues.
You need to be very lucky with your tenants, only in this case you will not have constant worries about the rented apartment.
Of course, there are options here too, for example, you can rent out real estate through an agency, thereby completely transferring all worries to the company, but this option will only work with highly liquid real estate.
Investments in PAMM accounts - it would seem that nothing is simpler, invest money in a profitable PAMM account and just count the profit.
But here the situation is similar with stocks; to reduce risks, money is invested in several accounts, then their profitability should be constantly monitored, replacing unprofitable ones with profitable ones.
Bank deposits - at the moment can be called a truly passive source of income that requires the least amount of time.
By concluding an agreement for a certain period, you will receive interest on the deposit, and the agreement will be renewed automatically.
The only drawback here is the low interest rates on bank deposits in foreign currency and the high exchange rate risks on deposits in rubles.
Therefore, you will always be faced with the choice of whether to receive a small but stable passive income and not waste your time, or to independently control your investments and have a much larger profit.