Any ways to make additional income?

OP, most likely, wanted to know if there is time for more side income...IMO, there is not time for any additional side job, if you are a full time o/o running 80-100 K miles per year. You can try to invest with rental properties and hope to get a source of income there but you need find a reliable management company to run it for you. I tried that but was not very impressed with neither the rate of return nor the management company ethics and reliability. Long story short, I sold the condo last December. Property taxes, repairs, association fees , they play a factor too. I am just not cut out for a landlord role.
Me just run and run and run till tires are bold.

 

I agree with much of what you say, but any money invested has some level of risk even mutual funds. I strongly believe in mutual funds and roughly 80% of my long term investing is in many good mutual funds in several different fund families. Many funds I own have inception dates in the 60’s and 70’s with lifetime track records between 10% and 12%. However they are a risk, but a risk I have been willing to take for the last 35 years. I believe that any investment worthwhile has some level of risk involved. Including driving my rig down the road daily, but it is a risk I am willing to take. Most of what I see people correcting you on is just a play on words. You are both technically correct but nearly every statement can be interpreted differently. I could be wrong but I interpret your statement “mutual funds are risk free” meaning that you don’t think there is enough risk to keep from investing in them. I happen to agree if that is what you meant.

 

Become trucking bloGGer

 

Very similar to trucking there is a very big range in earning opportunities in the stock market which I assume you are very aware of. I assume Ruthless and I and many others are on or near the top end of earnings in trucking and maybe some poor sap driving a Western Express truck paying off his CDL school is on the other end of the earnings spectrum. I happen to have a lot of respect for what I have seen Ruthless post and still do as I type this response. I apologize to Western Express, but I couldn’t think of a lower comparison. Hopefully one day the hypothetical Western Express driver will be up here with us. I personally don’t need to google anything to know what some of the market does actually return if invested properly, but I did just to show others the difference by only doing a simple google search, which by the way is not how I invest. 20 years is way too short a timeframe for me when comparing apples and oranges.[/QUOTE]

 

So how many youtube clicks one needs to pay for his 2290?

 

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Interesting.

I dabble in investments, I am far from a financial advisor. I happened upon this thread as I have a decision to make very soon about where to put a significant investment. The stocks I own and have owned have performed quite well over their spans of holding.

I’m going to be speaking to one of my brokers on Monday, I will ask for in depth insight on this potential opportunity.
Might be that I am hard to please- in the past every fund I have had suggested to me showed slower growth than what I had personally chosen in the same period of time. As mentioned, I am not an investment advisor; I own a trucking company. That said, if I’m picking at least as well as people that advise investments for a living, I’d be unlikely to put my money in such an account.

Separately, Mr @Banker thank you for the compliment. I hold you in high regard as well.

 

Web cams? Start a YouTube channel?

 

lot Lizard

 

I’ve never had much confidence in any Mutual funds. I know they’re good retirement products. Especially if a Company matches contributions. No load, low fee funds are good. I see it also as a Investment Banker, and Government scheme of sorts. After all the Government does get their taxes eventually. I don’t trust Laws not to change. I prefer the Roth IRA. Pay taxes upfront. And keep everything you make,

 

In this case, you are asking for the return on "mutual funds". Mutual funds can be made up of lots of things, including bonds. If you look at the average returns of stock mutual funds, the returns vary by type (large cap, international, utilities, mining and commodities, small cap, emergining markets, the list is almost endless). There's over 8,000 mutual funds available, and if you pick a T-bill fund, you will make T-bill rates (i.e. next to nothing). On the other hand, there are some wild-child categories that'll make well north of the 11% return of the S&P index (and the index funds that model it). Things like emerging markets funds or green energy funds. I would not suggest especially newbie investors play there. Just buy some index funds and enjoy the ride. At the average return of 10%, your money will double every 7 years. Quadruple in 14. Times eight in 21. Times 16 in 28. As Albert Einstein said, compound interest is the eight wonder of the wold.

In this case, @scoobertdoo specified "growth mutual fund", which I would presume means "growth stock mutual funds" (Hello, Dave Ramsey, is that you?). Those should return rates higher than the S&P (more like NASDAQ), although that spread has not been particularly large of late (2020 specifically excepted).

All that said, I agree that investing in properly vetted, well established stock mutual funds is a near zero risk proposition if you have an investment horizon of more than 5 years. Put it in, let it ride, and keep your cotton-picking fingers off of it until you retire, buy real estate or an education for a child.