This is great, exactly what I was looking for, but how do I know I can trust you? I'm a bit hesitant to wire large amounts of money to a startup.
Also, how do you make money?
Show HN: Double – Design and invest in your own stock index
11–20 of 103 posts
Re: Show HN: Double – Design and invest in your own stock index
#12Congrats! How does this perform against VOO if you take tax harvesting into account?
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Re: Show HN: Double – Design and invest in your own stock index
#13This looks very cool - but I'm hesitant to sign up without knowing how you make money. Is it PFOF? Transaction fees? Flat fee?
Typically an ETF takes a management fee of 0.1-0.5% of assets per year. I expect this build-your-own-ETF to do the same, with fees on the higher side.
Re: Show HN: Double – Design and invest in your own stock index
#14Re: Show HN: Double – Design and invest in your own stock index
#15Re: Show HN: Double – Design and invest in your own stock index
#16This is great, exactly what I was looking for, but how do I know I can trust you? I'm a bit hesitant to wire large amounts of money to a startup. Also, how do you make money?
Why trust us?
1. We're working with Apex Clearing, a large US Custodian with more than $100B of assets. Your account is in your name there.
2. We're well funded and backed by reputable investors (YC, Matrix, Youtube Cofounder, and many others).
3. We are registered with the SEC as an registered investment advisor.
4. I personally am in the process of transferring nearly my entire net worth onto the platform.
We eventually will charge a monthly fee as described in our Form CRS, but we are waiving this fee for the time being. Eventually we plan on making money eventually like Robinhood, M1 and other commission free trading pioneers. This means PFOF, Stock Lending, line of credit, etc. We are not currently offering these products. Please see our website for more details and our disclosures: https://double.finance
Re: Show HN: Double – Design and invest in your own stock index
#17This looks very cool - but I'm hesitant to sign up without knowing how you make money. Is it PFOF? Transaction fees? Flat fee?
We eventually will charge a monthly fee as described in our Form CRS, but we are waiving this fee for the time being. Eventually we plan on making money like Robinhood, M1 and other commission free trading pioneers. This means PFOF, Stock Lending, line of credit and other potential revenue sources. We are not currently offering these products. Please see our website for more details and our disclosures: https://double.finance
Re: Show HN: Double – Design and invest in your own stock index
#18> Double is only available to US residents. I would have loved to see that message on the Sign Up page before I enter my email address.
US Residents?
What about US Citizens living abroad?
Re: Show HN: Double – Design and invest in your own stock index
#19This is great, exactly what I was looking for, but how do I know I can trust you? I'm a bit hesitant to wire large amounts of money to a startup. Also, how do you make money?
Why trust us? 1. We're working with Apex Clearing, a large US Custodian with more than $100B of assets. Your account is in your name there. 2. We're well funded and backed by reputable investors (YC, Matrix, Youtube Cofounder, and many others). 3. We are registered with the SEC as an registered investment advisor. 4. I personally am in the process of transferring nearly my entire net worth onto the platform. We event…
Great answer, thank you.
Another question: do you guys support trading of fractional shares in these custom indexes? If so, what's the smallest supported share % (eg 1%, or 0.01%)?
Re: Show HN: Double – Design and invest in your own stock index
#20Are there plans to allow residents of other countries? (namely Canada in my case)