111–120 of 212 posts
I tried signing up but have been hitting an unauthorized error and am being bounced out. Is this currently only a landing page or is it something we can try?
I want to be able to charge a fee on top of my indexes before making "subscribable" by others. That'd attract a shitload of users ;) EDIT1: Also: are you familiar with your competitors on the crypto side of things? Iconomi, to name one. EDIT2: Is this available to non-US users? That'd be huge, as we are not able to access ARK directly , to name one
Haven't heard of Iconomi, thanks for the pointer! We're not focused on crypto at the moment.
Right now only US users can invest. But, anyone can use the platform to build indexes.
Oh man, this is actually exactly something I want. I want to invest in the s&p 500, like an index etf, but I want to filter out companies which I don't agree with ethically. I also want to look at my custom index's performance historically so I can see how well it tracks the overall market. It is extremely hard to actually do this. There's a plethora of hurdles in the way - you need to get data (I bought some histori…
Oh man, this is actually exactly something I want. I want to invest in the s&p 500, like an index etf, but I want to filter out companies which I don't agree with ethically. I also want to look at my custom index's performance historically so I can see how well it tracks the overall market. It is extremely hard to actually do this. There's a plethora of hurdles in the way - you need to get data (I bought some histori…
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.
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.
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.
On the topic of creating your own index, we’ve all heard of the SP 500, or the Russell 2000 indices, but isn’t it possible to mine the historical data to create an index that has a better rate of return based on one or more criteria such as market cap or P/E? E.g., stocks that fall within this range of P/E tend to outperform the market in a ten year time range. This would be an elaboration of the concept that small c…
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 i…
"Obviously a huge part of an index is maintaining desired weightings" Actually it's not. Suppose I have an index that should contain AAPL and TSLA weighted by market cap, with total value $100,000. Say they both have 1000 shares in existence, and on Monday their prices are $100 and $300 respectively. Then my index will consist of $25,000 = 250 shares in AAPL and $75,000 = 250 shares in TSLA. Now suppose on Tuesday th…
If you're weighting purely by market cap then it's not very important, as you describe. (Accounting for newly issued shares is the only issue, but is often minor enough it can just be ignored.)
But if you're weighting by sector, for example, then it's hugely important, no? Indeed basically any weighting strategy except market cap requires rebalancing as a primary concern.
Nice 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…
Since we lean DIY / prosumer, our thought is to provide options to the user. Around rebalancing, we're exploring a few options: calendar rebalancing, constant-proportion rebalancing, and rebalancing with only new contributions. Then, analytics to make it clear what is a short vs long-term holding.
Right now we're non custodial, we link to existing brokers. We are looking to become a register broker dealer in the next few months. The fractional-heavy model makes it such that it's better for us to vertically integrate.
Oh man, this is actually exactly something I want. I want to invest in the s&p 500, like an index etf, but I want to filter out companies which I don't agree with ethically. I also want to look at my custom index's performance historically so I can see how well it tracks the overall market. It is extremely hard to actually do this. There's a plethora of hurdles in the way - you need to get data (I bought some histori…
Are you aware of the S&P 500 ESG index?
https://www.cnbc.com/2020/02/26/chamath-palihapitiya-esg-inv...
Anyway, these are ethical concepts and can vary widely between person to person. Some might not want to invest in energy companies at all where as others might not have anything against companies selling oil / cars with internal combustion engines but take objection to a company's CEO being against BLM for example.