Passive Income for Genius: Banks, Stocks or Cryptocurrency?

The world is providing dozens of passive income and investment source options, ranging from something tangible like gold bars or real estate to something intangible like stocks, and today, digital currency. People invest based on their return requirements and their tolerance towards risks. Each investment has its own pros and cons regarding that matter.

For instance, real estate is a high ROI investment and you may earn quite much passive income by renting it, however, it requires a big sum of initial investment which is not affordable to most people and it is certainly not liquid. Another might prefer gold bars, which have stable value hedged against inflation and value that is almost always increasing with much more liquidity compared to real estate but storing it in a safe place is also a challenge. Today we are going to talk about these passive income options specifically on financial products and tell you why you should probably get started on having a cryptocurrency portfolio for your own good.

Safe Financial Oasis: Bank Savings and CD

Things might go better with CD (Certificate of Deposits), where you can earn more interest. A 60 month CD with the jumbo account of more than $100,000 can earn you an average of 1.15% APY (FDIC). It is quite a good number for people who have more money and do not need much liquidity. However, people always seek better options available, don’t they?

Bustling Financial City: Stock Investment

Stock markets (measured based on S&P 500 index) has been rewarding an average of 10% annual return (including dividends) for its long term investors. With the deduction of around 2% purchasing power due to inflation, investors will end up with around 7–8% annual yield. Although this yield seems to be quite steady, however in some major financial crisis the market crashed and leave investors with a good amount of losses. The stock market offers a much higher return compared to bank savings or CD, but it is also exposed to higher risk due to the volatility of the market.

Virtual Financial Space: Cryptocurrency Staking

One way to create passive income in cryptocurrency is through mining. However, mining is energy-hungry and will cost a lot for the initial investment. Therefore, people now start generating passive income through staking that use Proof-of-Stake as an underlying consensus. In Proof-of-Stake, people can run masternodes to validate transactions and receive cryptocurrency as rewards. Running masternode or staking is seen to be an option for stable cryptocurrency income source as it generates and distributes guaranteed rewards to stakers. Staking gives an average annual yield of 10–20% in respected coins one staked in.

Besides the stable rewards, the value of cryptocurrency keep increasing; if you pick the right coin. Therefore, besides the benefit of rewards, you can also earn profit from the coin price gap over time. One challenge of cryptocurrency staking is that many people do not know the know-how and technical details to run masternodes to generate rewards. And that is why the Honest Mining platform comes to existence. Honest Mining is a staking pool that helps people to run masternodes and receive rewards together within clicks.

Although the cryptocurrency market is very volatile, it is one of the markets that promises bright and big potentials. It will be a destructive industry that changes the games of trade, as social media and the internet did before. Therefore it will be wise for you to make way for your future. Start staking today and build a stakefolio for your cryptocurrency.

Closing Thoughts

About Honest Mining — Everyone’s Crypto Mining Partner

Honest Mining serves as Staking-as-a-Service (SaaS) platform that makes staking in Proof-of-Stake protocols easy and accessible for everybody. Carrying the name that reflects virtuous morality, we commit to provide full transparency and security to our users. We enable people to grow their crypto-asset over time by distributing staking yield starting 7% up to 80% annually. Come and join Honest Mining to start staking and get great rewards with a minimum investment. Register yourself now.

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Originally published at honestmining.com on August 15, 2019.

NOBI is a mobile app that provides bank-like services so people can easily grow their crypto. Download NOBI now on Play Store & App Store linktr.ee/useNOBI