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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

#91

Post by takeiteasyy »

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.

This is a fun idea, it would let anyone be a hedge fund manager. List the managers own money invested, other's money invested, commision rate, associated social media accounts, "risk"/diversification metrics, proportional and absolute gains/losses since inception (for what it's worth). Personally I would still keep the majority of my investments in an index fund, but for a particular kind of person I can see the social aspect is very engaging.

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

#92

Post by aliquotchris »

donnythecroc wrote: post #82
aliquotchris wrote: post #73

Earlier quoted context omitted.

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?

Thanks! Appreciate you checking us out. Getting a lot of engagement, we'll be bringing folks in as quickly as we can handle.

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

#93

Post by aliquotchris »

odobo wrote: post #76

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

Thanks! We're excited to help folks work together to level up their diversification strategy for exactly the reasons you shared.

Re: popular indexes and creator incentives, we have lots of ideas in the works. Glad you're interested in it!

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

#94

Post by crazygringo »

This is fascinating. Since you don't have any info at all on the site (at least not without signing up), a few questions:

- Since it's not just for designing the indexes but actually investing them... how? Do you link to a Robin Hood API or something? What trading platforms do you integrate with?

- Obviously a huge part of an index is maintaining desired weightings/criteria, which involves buying and selling shares in order to preserve them. How often do you perform this rebalancing? Daily? Monthly? The very moment a certain "max" threshold is crossed to restore it to a "desired" value? Over a max threshold for some amount of time?

- If I have a particularly "active" index with lots of rebalancing, am I going to get hit with tons of short-term capital gains even though I'm holding the index long-term?

And finally, what happens if automated rebalancing produces a serious money-losing bug? Are investors using your platform at their own risk?

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

#95

Post by aliquotchris »

thegreatpeter wrote: post #59

I have had so much fun messing around with enombic the last couple of months. The founders are super responsive, friendly and obviously smart! I look forward to watching enombic grow! Good luck team!

Thanks Peter! It's been terrific having you on and getting your feedback.

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

#97

Post by _eb13 »

monkeydust wrote: post #78

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.

Definitely! We are really interested in portfolio analytics. This would surface naturally with our app.

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

#98

Post by _eb13 »

andylash wrote: post #53

RIA's offer this kind of custom constructed direct indexing as a value add, so there's clearly a market amongst the broader non-active-trader types. I bet you could lean into the huge and growing ESG ( Environmental, Social, and Governance) sector, because people have very different opinions about what "good" and "bad" are. For example most ESG funds are heavily weighted to social media, but maybe you think oil and s…

Absolutely. Direct indexing has some unique benefits. Of course it's a bit more complex to track everything, but that's where we come in.

We've had users get quite excited about ESG indexes. Especially with "forking" more traditional indexes and removing companies they're not morally aligned with.

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

#99

Post by _eb13 »

SilasX wrote: post #38

Would it be able to reproduce strategies that involve options? I recently learned of the SWAN ETF, which captures (or attempts to) most of the S&P's return with significantly less volatility. It holds mostly Treasurys, plus options that are in the money if the S&P gains a certain percentage[1]. https://www.amplifyetfs.com/swan-holdings.html They had to create the "S-Network BlackSwan Core Total Return Index" for it.…

No options at the moment. We'd be excited to support them down the road though.

SWAN ETF is super interesting. Wonder if there is a "long" analog. E.g. comparable motivation and performance.

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