Looking at the dev tools, auth.enombic.com/authorize is being pinged about once a second. Seems like an Oauth request gone awry?
Launch HN: Enombic (YC S20) – Create your own stock indexes
81–90 of 212 posts
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#82Really 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 fe…
This is great idea. I've signed up to wait list. Interested to know period to launch/full access?
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#83Looking at the dev tools, auth.enombic.com/authorize is being pinged about once a second. Seems like an Oauth request gone awry?
good catch, will fix shortly :)
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#84Have 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.
Indeed! We've been thinking through this model, but there's still a bit more to figure out. Our primary goal is to empower the prosumer retail investor.
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#85Have 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?
Some folks may be too lazy to do that, unless you could automatically update the copy.
In addition to this, we actually have advanced permissioning. So folks can have private indexes. However, we still need to work through what it would mean to invest in an index where you could not see the composition. Not sure on that front yet.
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#86Have 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.
Indeed! We've been thinking through this model, but there's still a bit more to figure out. Our primary goal is to empower the prosumer retail investor.
I can tell you the difference between me being a user and not being a user is this exact feature.
I can buy stocks on my own in different quantities to make my own “ETF” (granted not at fractional share prices)
But if I could bundle it and make a small commission for it, you’d have my business for the rest of my life
Also, what an awesome incentive that would be for me to share your product around with others who would invest in it! I’d literally be getting paid to do it!
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#87Nice idea, having worked in a similar problem space for a number of years, I have some questions.
- How are you managing rebalancing, what might trigger a rebalance and how do you manage the tax implications of that?
- With a rebalance/deposit/withdrawal are you always a taker in the market?
- What's the custody side of this look like? i.e where do the stocks sit, are they in my brokerage account or are you custodian.
- How are you accounting for dividends in the portfolios do they get reinvested/included in returns?
- Can you manage all types of corporate action like splits, mergers, delisting, halts etc.?
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#88is it possible for other investors to participate or subscribe to your ETF, the way Angellist does for angel investments?
Thanks for checking us out! Any user can invest in any other user's index, as long as it's public.
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#89great timing, doji just launched today too https://twitter.com/ianmendiola/status/1364974427419598851 trydoji.com
Thanks for the link, we'll definitely check them out.
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#90I love it! Is it possible for you to add other markets, like Forex or hedging foreign stocks? Putting stuff that you would usually have to write yourself is very welcome, but I think there's a lot more that could be done here.
Awesome, thank you! We love diversification and to do that well, it's great to include a range of different asset classes / markets. For the next couple months though, while we refine our UX, we'll be sticking to stocks and ETFs. That being said, we have an ambitious long term road map.