Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

news.ycombinator.com

Post reply on HN
Print view View original

161–170 of 212 posts

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

#161

Post by Mumps »

_eb13 wrote: post #84
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.

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'd like to offer the counter to some of the support for this idea. I worry that as soon as there is a commision structure in place:

A) The marketplace will become absolutely flooded with copy after copy after copy of $GENERIC_ETF as people are trying to scramble onto some comissions.

A2) It will destroy the community aspect of people sharing ideas just because. This has been seen in a lot of other marketplace areas before.

B) It'll be back to the same problem of losing money to fees - which is the whole point of low cost brokerages and etfs for us poors.

Please, please, do not implement this.

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

#163

Post by vincentmarle »

matthewpick wrote: post #143
Jommi wrote: post #132

Earlier quoted context omitted.

There is a product that already does this https://passiv.com

I think M1 Finance is also very similar. https://www.m1finance.com/

Yup I also use M1 Finance. I have my main portfolio that contains multiple sub portfolios. Works great, but the only thing I can’t do there is share it with my friends. I guess that’s the only novel part of Enombic? Although I used Motif Investing in the past to share my portfolio with friends, but they didn’t have free trading.

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

#164

Post by monkeydust »

vincentmarle wrote: post #163
matthewpick wrote: post #143

Earlier quoted context omitted.

I think M1 Finance is also very similar. https://www.m1finance.com/

Yup I also use M1 Finance. I have my main portfolio that contains multiple sub portfolios. Works great, but the only thing I can’t do there is share it with my friends. I guess that’s the only novel part of Enombic? Although I used Motif Investing in the past to share my portfolio with friends, but they didn’t have free trading.

Anything similar available to UK investors (connects to a UK brokerage)?

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

#167

Post by multimedial »

multimedial wrote: post #166

Hi, all fine and dandy, yet there is no european version of your website (I guess?) nor any way for a european person to invest using your site, right? If anyone knows about european alternatives to enombic, passiv or m1finance - please let me know.

Only thing I am aware of that is remotely comparable is Wikifolio (https://www.wikifolio.com/), then again, i am not very knowledgeable in that area, so if anyone has interesting european-based investing startup-links, I am all for it, please post and/or DM me. Thanks.

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

#168

Post by multimedial »

gregod wrote: post #116
_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.

https://www.wikifolio.com/ does something similar for the German speaking market. One part is a social portfolio sharing / tracking component. The other is that they create securities from popular portfolios under a revenue share model with the creators.

I find the costs to be prohibitevly high though…

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

#169

Post by multimedial »

Super-stupid suggestion, but… why not enhance building indices for given topics? Some sort of semi-automatic creation?

Say I believe in genome editing, CRISPR and personal medicine, and I would like to have XX stocks in my index. Your system could support me by picking the appropriate stocks.

Biggest issue is to map trending topics to XX according companies for me.

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

#170

Post by aynyc »

abalaji wrote: post #136
aynyc wrote: post #134

I hate to be a negative person, but isn’t this what Steve Jobs called a feature, not a product? I work on trading systems before, custom built indices are very common. What’s stopping IB, Fidelity etc to simply put this in their system? I don’t know how you do rebalancing, corporate actions, etc?

I've asked around for this feature, since I started trading because its the type of investing I'm interested in. There do not currently exist autobalancing features on trading platforms (at least on TD or for small fish). You'd have to build something custom. I'd definitely use their product!

I definitely see it as a valuable feature and I hope they successful disrupt the current market as capital market is too high and mighty.
Post reply on HN