Picking individual stokcs requires a lot of time , energy and knowledge.
Since I need to put my focus on the things that is working and brings income, I do not want to distract myself.
If this method can be broken down into steps, it would be
1. Decide your Asset allocation.
eg : US stocks 20%
US bonds 20%
Developed market 20%
Emerging Market 10%
REITS 20%
2. Pick low MER ETFs for each category.
3. Check & Rebalance your portfolio regularly.
4. No matter what happens stick to your asset allocation.
There are many books explaining this. "THe blogleheads' guide to investing" would be good start.
You cannot become like a next Warren Buffett with this strategy. But you can focus on the things you are good at, while your money is growing.
Yes, adsense generates virtually nothing. I had it up for about 6 months and it generated ~$70 or so. The site does get a lot more traffic now but regardless, it seems like I would receive far more income from something like BuySellAds.
I listed one of my site on the site(to sell), I set BIN(buy it now) price to a reasonable one, considering the revenue and the effort required to maintain the site. The site is a legitimate one, making passive income, a good domain and more than 2 years old.
I decided not to reduce the price even if I couldn't sell the site. (I spent around $60 to list the site).
I couldn't sell it. For me it looks like buyers assume that reported income and traffic of any listed site is higher than the actual figures. So they expect a ridiculously lower price for sites.
There are so many listings that wants to sell for 2 - 3 times monthly earnings. Why would anyone want to do that? Can't they just keep the site themselves for another 3 months and earn that money.
