Apart from working digitally, what alternative source of income do you key into?Is anyone into stock/crypto trading or investing?Thanks. #DatNaijaNomad

Question

Accepted Answer

I was an investment manager before I transitioned to Nomadic life. So, I regularly trade in stocks, stock options, preferred stock, and futures.

Answer

I make 90% of my money in the stock market. The larger the account the easier it gets to make large amounts of money. Swing trading is the most profitable

Answer

100% of my income is passive through real estate.  No need to work, just travel the world, and look at new real estate investment opportunities.

Answer

Warning: Statistics suggest that probably 90% of active traders who are replying here are losing money (or going to).

Answer

I invest a fair bit of my money but I can say that to rely on investment income you should really have at least a million in your brokerage account. If you have less then you'd be forced to pursue riskier strategies and won't be able to develop your digital business. Don't look at 2020 - that was an abnormally bullish year, it won't always be like that.

Newsletter

Get latest of what's happening in the Digital Nomads community

More questions asked by fellow Digital Nomads:

We didn't find any results