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Launch HN: Enombic (YC S20) – Create your own stock indexes

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Re: Launch HN: Enombic (YC S20) – Create your own stock indexes

#73

Post by aliquotchris »

ZeroCool2u wrote: post #70

Really cool idea folks! Just signed up for the wait list. Knee jerk feedback: 1. Dark mode & mobile/desktop apps on the roadmap? :) 2. It would be really cool to see some basic social features. Maybe these exist already when you're logged in? I have a few Signal chats with friends that are just full of screenshots of our IBKR apps etc and it would be cool to be able to collaborate/communicate privately with a small g…

Hey! Great questions/feedback:

1. Would love both, but no specific timeline yet.

2. Agreed, re: social. We have some preliminary social features, but keen on building out more. Most of our users have group chats with friends like you've described (as do we). We want to bring the right parts of that experience in-product.

3. Thanks, yeah it's an exciting part of the product we look forward to building more advanced features for.

4. We're based in the bay area, our tech stack is react, nextjs, swr, python, aiohttp, redis, postgres (& timescaledb), k8s, terraform, aws.

Looking forward to getting you signed up!

Re: Launch HN: Enombic (YC S20) – Create your own stock indexes

#74

Post by w1 »

Have you considered allowing the creators of a popular index to receive a small fee, similar to current ETF commission structures?

Y’all seem like you’re in a great position to create a vibrant community for the next generation of investors, and giving financial influencers a return could help bring people to your platform.

Re: Launch HN: Enombic (YC S20) – Create your own stock indexes

#75

Post by endisneigh »

w1 wrote: post #74

Have you considered allowing the creators of a popular index to receive a small fee, similar to current ETF commission structures? Y’all seem like you’re in a great position to create a vibrant community for the next generation of investors, and giving financial influencers a return could help bring people to your platform.

I was thinking the same thing, but couldn't you just look at a popular index and replicate it for free?

Re: Launch HN: Enombic (YC S20) – Create your own stock indexes

#76

Post by odobo »

This is a great idea. A few months back I was telling a friend that I would love to make an index based on Senator's stock picks (since it's all public info), but I don't have the first clue on making an ETF/index. Are there any plans to reward people who create popular indexes? As I understand, currently index funds & ETFs can make a lot of money off fees

Re: Launch HN: Enombic (YC S20) – Create your own stock indexes

#77

Post by aliquotchris »

CapriciousCptl wrote: post #57
_eb13 wrote: post #39

Earlier quoted context omitted.

We're exploring several rebalancing models at the moment (calendar rebalancing, constant proportion rebalancing, as well as only rebalancing with new contributions), and trying to understand which folks are more interested in. Which would you be most interested in? Definitely want to mitigate tax burden. Additionally, the direct indexing model does allow for more flexibility around loss-harvesting.

Only rebalancing by using new contributions would be preferred. My use case is re-creating the s and p 500 exclusive of some issues and with regular contributions for retirement.

Nice, glad to hear it. We lean new contributions as well.

Re: Launch HN: Enombic (YC S20) – Create your own stock indexes

#78

Post by monkeydust »

Having recently put together a mostly ETF portfolio for someone I realized that unintentionally you could end building a large exposure to one stock, in my case... No surprise... it was TSLA. I found a tool on morning star which allowed me to do this analysis but would be good to have this in your app.
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