So, most FAANG employees are not allowed to trade in derivates that short sell their own stock, which I figure is half insider trading protection and half ensuring equity compensation actually works. However, I've often wondered if those employees could still offload some of the assumed risk of portfolio concentration by investing their free investable cash in, say, their own SP499: every company in the SP500 except…
Launch HN: Enombic (YC S20) – Create your own stock indexes
181–190 of 212 posts
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#182This is a really great idea! Is there any reason this is "for hackers" and "like code"? I'm waiting to get in off the waitlist so I haven't seen the actual UI, but is it easy enough for non-technical users to get in and set up their portfolio?
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#183Signed up for the waitlist. Just a quick question when you say construct sector specific indexes - are these indexes available for others to invest ? So for instance let's say i create an index and show my skin in the game by investing in that index with returns - can others potentially follow suit and invest in that index or even a portfolio ? This is something that I have been ruminating on for a while.
We don't surface a lot around how much you invest right now, as there are some privacy concerns. But, depending on how things evolve it may be something we enable.
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#184One thing I notice right away is that I wish there was some kind of description or context for some of these custom index things. Like why did the creator decide on this mix? What's the background? Otherwise they are just lists of stocks.
Yes! This was my first thought. Tell me a little about each fund. Even if you have some familiarity with every company in the portfolio, it might not not be immediately obvious why they are being grouped together.
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#185One thing I notice right away is that I wish there was some kind of description or context for some of these custom index things. Like why did the creator decide on this mix? What's the background? Otherwise they are just lists of stocks.
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#186One thing I notice right away is that I wish there was some kind of description or context for some of these custom index things. Like why did the creator decide on this mix? What's the background? Otherwise they are just lists of stocks.
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#187Earlier quoted context omitted.
This is a great question that we've put a lot of thought into, since we share the same concerns you do. We currently monetize via a subscription model for premium features, such as unlimited private indexes and access to full version histories of your and other users' indexes. However, part of what appeals to us about bringing more of the financial stack in-house is exploring innovative models beyond PFOF & MER. Lots…
I imagine it will change as the product evolves. Fee structure is always a tricky dance and only really matters once you have product market fit and are taking off. Glad to hear you are giving it early consideration. My take is being very upfront about how you guys make money then clients understand the model which will likely avoid downstream challenges! Good luck.
Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#188Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#189Re: Launch HN: Enombic (YC S20) – Create your own stock indexes
#190So, most FAANG employees are not allowed to trade in derivates that short sell their own stock, which I figure is half insider trading protection and half ensuring equity compensation actually works. However, I've often wondered if those employees could still offload some of the assumed risk of portfolio concentration by investing their free investable cash in, say, their own SP499: every company in the SP500 except…
We have a handful of users with this exact use case!