Investing for passive income in Trucking

This is not really the right venue for this question. I would think investment boards would be far better. Not to say there aren't some people around here that know what they're doing, but that isn't the focus of the board. And the knowledge is scarce with way too much BS to sift through.

If you insist, you could try transportation industry dividend stocks or possibly bonds. You could invest in transportation ETFs, but they're going to be growth (capital gains) oriented; not income. If you're thinking about passive investments directly in the industry with neither knowledge nor experience? Go to Vegas instead; you'll have more fun, better stories and better odds.

 

Know how you can end up with a Million dollars in the trucking industry?


Start with two million.....

 

You would not invest in a trucking company. You invest in a company that simply happens to haul freight.

What I mean by that is talk to your investment planner and if they find a good company that will likely give you the best ROI you buy their stocks.

 

You can also look at companies that service transportation. Theres a lot of infrastructure stock companies out there. As the middle class continues to grow, more trucks on the road and infrustructure will have to be added to support it.

Looking ahead to self driving technology nvidia is supposed to be manufacturing most of the computer chips going into those cars. I bought in on its recent dip.

Ive been looking at a lot of trucking company stocks and mostly I just feel like my capital is better put elsewhere, unfortunately. UPS returns a div at 3.59%. Its also a warren buffet stock. But I get that return on a utility gas company in New jersey plus growth in value per share. UPS value kinda stays at around 100 per share.

Just my thoughts. I manage my own portfolio but not an expert.

 

I thought about doing this myself, it's easy but you kind of need a large sum of money, and you also need to know the owner.

I was thinking of making a deal if I happened upon enough income to help a guy buy all new trucks. I was gonna help him make the down payments or make the down payments for him, and then get a portion of each trucks monthly revenue calculated and paid to me quarterly.

So I was thinking give the owner 100k to buy trucks, take 10% off the top of each truck each month. Save the money and either spend it personal or re-invest to generate more income.

I was bored... lol.

 

I need a money man.

Lots of money in hauling cars.

Let's go into business together?

 

Give me all your money and I will make you rich