If you don't want to take high risks, of course you don't invest in stocks and crypto. Right now you don't need to have large capital to invest, you can start with a minimum capital of $ 1 and you can make additional investments regularly every month, so it's like you are saving
What are the viable passive income strategies?
- Thread starter deucher
- Start date
I only have crypto investment is for now. Thinking of trying stocks/bond
That's a very good idea, if you have invested in crypto and want to try stocks or bonds, you can buy shares in the capital market at least one lot, but you can invest in shares with small capital in mutual funds.
Investment in cryptocurrency is a very good way to make money provided you understand the intricacies.
But it is important to have a good knowledge on cryptocurrency investment as well.
One of the viable passive income strategy available to those with limited financial resources is having adequate knowledge about the particular passive income stream one is interested in. This will help to minimize losses.
If you have limited funds, you could try blogging or vlogging. You do not need a lot of money to start. Affiliate marketing and other methods can help you produce passive income. You can create an e-commerce store, too.
I prefer cumulative bank deposits where the capital increases at the end of the period.