Master Don Juan
- Jan 14, 2018
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I both own significant minority shares in some companies while in others I'm the majority shareholder.Anyone here have a passive income stream? I'm talking about passive income that amounts to $2000 or more per month. How long did it take to build and how much work do you put into it per week keeping it
In those companies that I'm a majority shareholder, I'm actively involved at the initial start up and would gradually wind it down (both time and controlling stake) as it takes off.
In those companies that I'm a minority shareholder, I don't get involve unless revenue is dipping or when they need my influence through my connections within the business community.
All the companies that I hold minority shares are companies that has matured and are stable - this is where I derive most of my passive income.
I have various companies that's yields passive income in different countries,
Thailand/Philippines - 4 catamarans
Indonesia/Malaysia - 1 injection moulding factory, 1 palm oil mill, food courts/restaurants.
Singapore/Indonesia - a few outlets that basically uses cheap toy dispensing game machines to entertain and earn money from kids at malls (I can't remember the numbers offhand as my partner keeps changing location/outlets).
I however have a company that's in the red, a palm oil plantation, its small, just 700 odd acres, doesn't have a good yield, 0.4 tons per acre now, mostly due to negligence/inexperience on my part.
The thing is, when I started off all these companies, I was a majority owner and I gradually sold off my shares to my initial partner. I was content with being the minor shareholder since it was practical.
So set up a company, find a man who is extremely good at working in those industry, offer him some shares for free, get involved in the beginning, in a year or 2, once ROI is achieved, take on a smaller role and as years go by dilute those shares in tandem with stepping back.