Any med students have a side business?

[Status Sciaticus]

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AAAHHH!!! I'm back like a moth to the flame!

You do know that most of the stock market would not qualify as a "passive income" source, correct (e.g. only stocks with obscene dividend yield or fixed income would meet the loosest definition of passive income investments)?



Neither of these would qualify as a passive income source because they are traditional equities funds.

Compared to regular equities, I wouldn't have to worry about checking index funds daily. I could and probably will only check on it once in a while.

 

[sazerac]

Which vanguard vehicle are you using? I'm still debating between vfinx and vtsmx

I had this plan for a certain allocation of international / USA / bonds / cash, and how I would modify the allocation over time as I age (I have been investing for almost 20 years now, risk tolerance does change over time), and then I realized I there were Target Retirement funds from vanguard that did all that for me automatically. So I only own one of those funds.

It really is an invest-and-forget strategy if you are looking for that sort of thing. I have some friends who read the Wall Street journal all the time and are always looking to tweak their investments. That doesn't seem like financial independence to me, it looks more like dependence. I guess they enjoy it though. I have other interests I would rather follow.

 

[repititionition]

@GandalfTheWhite I'm here for the update.

 

[Goro]

Yeah, I know it's a four year old thread, but as a teaching moment, I had a student who ran a consulting business before med school, and tried to maintain it during oMSI.

He failed the first year and had to repeat.

Caveat emptor.

 

[Status Sciaticus]

@GandalfTheWhite I'm here for the update.

With regards to?
1. The App I was trying to develop got developed by somebody else faster. So I gave up on it.
2. Stocks? I bought Ambarella at 35, sold at 120ish. Most of my loans paid off from the gains.
I keep the index funds in my 403b - VFINX

 

[Quantal Reasoning]

Does investing in the stock market count?

 

[potential_fut_doc]

Not a business per se but Ive made at least a couple thousand dollars every year from being a tutor online. I dont do it anymore but it helped the first 2 years of med school and undergrad to have some side cash. SchoolSolver.com was my favorite site but others like chegg are ok too.