This is the first Installment on Passive Income and how (if at all), it is possible to find a means to earning a steady flow of income as a side hustle.
The conundrum is as follows:- South Africa is on the brink of becoming a huge disaster. The government is flirting with the idea of Expropriation of Land/property with no compensation, our power provider is barely keeping the lights on and our economy is taking a nose dive as investors are starting to feel the pinch from a disappointing State Capture of tax payers and other stakeholders funds.
South Africa may become the next country to be downgraded to junk status soon. The bailout of the National Airline (SAA) and National broadcaster (SABC) are indicators of the mess we have landed in.
I am trying to find a few ways to earn an extra income stream in order to be ready to uproot the family and get going elsewhere.
In the first Installment of the “Persuit of a Perfect Passive Income Earner" I decided to turn to crypto and see what options are available.
Trading bots are a great option in this space but there are a few questions that come to mind.
What are the risks ? How do I manage the funds? How can I set it up? Is there a way to see the history of the bots trading?
Introducing Stacked
Stacked Invest offers bots and indices and allows you to automatically manage your portfolio with auto re-balance features.
The history of each Index and bot is available for you to make choices that suit your needs and investment type.
Stacked make use of an encrypted API which means you can manage your Crypto Assets from one point and not have to login on multiple exchanges to rebalance your portfolio
Their service is also non custodial meaning that you keep your funds on the exchange and Stacked never have access to them.
What’s great about Stacked is that you can use the Bitmex testnet to try out the bot and tweak as you see fit.
For all the details you can go and check them out here.
Automated trading has no guarantee and all details should be researched properly before investing. Please read through all the documentation to the sites so that you are fully aware of the risks.
