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Re: How to be a trader and earn income passively from other sources
I agree wsam, it's not necessary to sit in front of the computer all day, no doubt. But, as you said, to be looking for other business opp's, while trading and working is a bit much to be doing all at once.
Basically King, the options for 'passive' money are:
1) Conservative - savings, checking, cd's, money markets, etc.
2) Moderate - mutual funds, etf's
3) Aggressive - all those great online opp's out there
In each of these situations, you turn your money over and someone else does something with it, whether it is 1) a bank 2) a fund manager or 3) a scammer.
There's probably other things that could fit in here, but here are the basics with very low minimums, if any.
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