Passive income

[DimPrawn]

Unfortunately you need to look outside of the UK. You can make money in the UK but even if you manage to survive the mountain of legislation preventing businesses from even starting up; your hard earned money will be taken away from you.

It is easy to make about 25-30% on return and much higher on some European properties. You will need ready cash in the bank to invest. I suggest you do some in-depth research.

I am not going to give free info on this thread but you can PM me if you (or other regulars) are serious and I will point you in the right direction.

This is so true if your passive income relies on a business. VERY high taxation, incredible amout of red tape and HMR&C designed to make as many businesses fail as possible to fullfil the Socialist dream of everyone totally dependent on state handouts.

Cyprus is a very business friendly country and easy to setup a business there with low taxes and no red tape.

[Paddy]

Has anyone succesful created any 'passive income' machines?

Been reading all the 'rich dad poor dad' stuff and '4 hour working week' gubbins recently. The rather obvious premise of these is that you can only retire if you have passive income being generated e.g. from property. It all sounds very inspirational until you try and actually do this, then it starts to seem impossible!

Property - very overpriced (still)
Online business - erm right, doing what exactly?
Shares, Index Funds et al - maybe ask Warren Buffet
Affiliate Marketing - seems like a miilion pyramid schemes out there

Maybe the only way is to write a book about passive income

Unfortunately you need to look outside of the UK. You can make money in the UK but even if you manage to survive the mountain of legislation preventing businesses from even starting up; your hard earned money will be taken away from you.

It is easy to make about 25-30% on return and much higher on some European properties. You will need ready cash in the bank to invest. I suggest you do some in-depth research.

I am not going to give free info on this thread but you can PM me if you (or other regulars) are serious and I will point you in the right direction.

[DimPrawn]

A predictable market will offer very little opportunity for profit because the information on expected future price movements will be rapidly priced in. What you need is volatility.

Depends whether you are targetting regular small pip movements in a ranging market or detecting breakouts into a trading market.

Take a look at forex scalping for example.

The only market where there is no profit is a completely flat line one.

[doodab]

The more robots that trade the more the market becomes predictable (and the big boys use trading robots too) as they converge on similar most profitable strategies. This will make the market more profitable. And in the UK we use spreadbetting which is tax free too.

A predictable market will offer very little opportunity for profit because the information on expected future price movements will be rapidly priced in. What you need is volatility.

[Shimano105]

Thanks, Dim very useful - I knew you were the only one with any sense on here.

[DimPrawn]

Yeah whatever.

[MarillionFan]

It looks interesting. I've bought a few commercial trading robots and they show promise. I've also written my own and they are now trading. There's money in trading, selling robots, selling programming skills, etc.

PS. MF, sas and other losers will be along shortly to take the piss, but they're the one with no future and no clue.

Correct.

[DimPrawn]

Very simple really:

Forex Trading Strategy | Day And Swing Trading System

In the future people won't work they'll just have robots trading forex.

The more robots that trade the more the market becomes predictable (and the big boys use trading robots too) as they converge on similar most profitable strategies. This will make the market more profitable. And in the UK we use spreadbetting which is tax free too.

[Cliphead]

Plan B.

Scored £100k of investment with manufacturing moved to Taiwan, distribution and marketing now totally handled by a 3rd party and they take any risk involved. All I have to do is come up with new product versions at the rate of one per year for the next three years (R&D already done).

Monthly payments for the forseeable future with not much to do.

[BlasterBates]

Very simple really:

Forex Trading Strategy | Day And Swing Trading System

In the future people won't work they'll just have robots trading forex.

[DimPrawn]

My wife has a final salary pension scheme, so that's one passive income scheme, i.e. marry into money.

I'm working on a plan b at the moment, which is writing automated trading robots.

Here's some links for those interested.

Platform:
http://www.metaquotes.net/en/metatra...ading_terminal

Broker:

MetaTrader - Smart Live Markets

Programming Language & API:

MQL4 Documentation

Books:

Expert Advisor Programming - MQL Book for MetaTrader 4

Forums:

Forex-TSD
Forex Forum @ Forex Factory

Championship:
http://championship.mql4.com/2008/news/540


HTH

It looks interesting. I've bought a few commercial trading robots and they show promise. I've also written my own and they are now trading. There's money in trading, selling robots, selling programming skills, etc.

PS. MF, sas and other losers will be along shortly to take the piss, but they're the one with no future and no clue.

[MarillionFan]

Has anyone succesful created any 'passive income' machines?

Been reading all the 'rich dad poor dad' stuff and '4 hour working week' gubbins recently. The rather obvious premise of these is that you can only retire if you have passive income being generated e.g. from property. It all sounds very inspirational until you try and actually do this, then it starts to seem impossible!

Property - very overpriced (still)
Online business - erm right, doing what exactly?
Shares, Index Funds et al - maybe ask Warren Buffet
Affiliate Marketing - seems like a miilion pyramid schemes out there

Maybe the only way is to write a book about passive income

Plenty of ways to make passive income. I'm sure Jimmy Reckon will be along shortly to tell you how.....

[Churchill]

Has anyone succesful created any 'passive income' machines?

Yes thanks, just send me £1k and I'll tell you my secret.

[Shimano105]

Has anyone succesful created any 'passive income' machines?

Been reading all the 'rich dad poor dad' stuff and '4 hour working week' gubbins recently. The rather obvious premise of these is that you can only retire if you have passive income being generated e.g. from property. It all sounds very inspirational until you try and actually do this, then it starts to seem impossible!

Property - very overpriced (still)
Online business - erm right, doing what exactly?
Shares, Index Funds et al - maybe ask Warren Buffet
Affiliate Marketing - seems like a miilion pyramid schemes out there

Maybe the only way is to write a book about passive income