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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

#121

Post by _eb13 »

cgb223 wrote: post #86
_eb13 wrote: post #84

Earlier quoted context omitted.

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 wou…

That's great feedback, thanks!

I still find a lot of value without commission as my preferred investing style was unwieldy to do manually. I suppose it depends on the complexity of your index. As you approach 40+ it gets pretty time consuming.

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

#123

Post by _eb13 »

mdorazio wrote: post #105
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.

Same thought from me - along the lines of recreating the "Becky" index from WSB [1] as an actual ETF that people could invest in for ~0.1% fees. [1] https://www.reddit.com/r/wallstreetbets/comments/b6hvdf/i_in...

There are a few "notes" of WSB on the app. Haven't seen the Becky index yet though!

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

#124

Post by wheybags »

knjmooney wrote: post #114
wheybags wrote: post #103

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?

There are various "ethical" indexes, but pretty much none of them exclude google or facebook (which would be at the top of my cut-list). I want to do my own individual research on each company, and come to my own conclusions.

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

#125

Post by _rohan »

Looking forward to trying this. I noticed that the graphs on the portfolio page only go back to the date of creation. Are you planning to add support for viewing historical data? EDIT: it seems to go back to some arbitrary data a few months ago. Can't quite tell how that date is chosen.

Also FYI that I didn't receive a confirmation email after signing up for the waitlist.

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

#126

Post by _eb13 »

_rohan wrote: post #125

Looking forward to trying this. I noticed that the graphs on the portfolio page only go back to the date of creation. Are you planning to add support for viewing historical data? EDIT: it seems to go back to some arbitrary data a few months ago. Can't quite tell how that date is chosen. Also FYI that I didn't receive a confirmation email after signing up for the waitlist.

Currently the charts go back to either: the most recent IPO, or 1 year from today.

We're working on supporting multiple time scales. Had to first do some refactoring on the backend to make this quick but it's in place now.

We've had a few hiccups with the confirmation notifications. The list seems correct though, and we'll reach out directly with invites. Thanks for the heads up.

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

#127

Post by bfm »

aliquotchris wrote: post #30
reagan83 wrote: post #23

Congrats on the launch Keri & Chris! This is a fantastic concept that I've done on my own throughout the years. I'm excited to see if this will bridge the gap between index funds and previous gen, higher fee, mutual funds.

Thanks! We're especially excited to hear from folks who've DIY'd this kind of strategy before, would love your feedback.

Good luck with the launch!

I've been DIY'ing exactly this full time over the last year. Rolling out my own system using Polygon and IEXCloud for market data, DolphinDB and Shakti for time series processing, and Pandas/Dask for verification and parameter optimization.

I totally underestimated the magnitude of the problem, so I'm really looking forward to trying Enombic.

Given my frustration with the DIY approach, I started evaluating some prosumer tools a couple of weeks ago. One of them uses Morningstar data, and the other uses FactSet data. They are in the $100-$200/month range. I had some decent success building statistically sound models to the point where I'm considering dumping my DYI toolset and pay for a ready-made solution.

One of the alternatives has an active forum and community that even sells subscriptions to the user models. I bet you can tap this for your own good. I won't share their names here to avoid crashing your launch, but I'm happy to chat over email if you want to learn more.

Some of the questions that I'd ask myself before putting my savings on autopilot on a system like Enombic are:

1. Where is fundamental and price data sourced from? Is it free from survivorship bias? Is it point in time? 2. Can users backtest/simulate their ideas? How do you help users from curve fitting their models?

Anyhow, I'm on the waiting list now and would love to evaluate Enombic and give you my feedback.

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

#129

Post by narrowblind »

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.

What do you think of this? They appear to be operational, but with minimal adoption.

https://genesis.vision/

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

#130

Post by _eb13 »

gresrun wrote: post #128

This product seems very similar to Motif.com, which shutdown about a year ago. How do you plan to avoid sharing their fate?

Yes, we actually weren't aware of motif until we onboarded a few users were who die hard Motif users. I think the value prop is quite similar but there are some important differences. For example, my understanding is the fees on Motif were somewhat high. Zero-commission was likely a disruptive force for them. Also, the number of sophisticated retail investors was much smaller when they started. The number of intermediate to advanced retail market is growing rapidly now that the onramps are much better.
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