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.
As I'm typing this out though I realize that there's no difference between individuals wielding that type of influence over people, and the existing power structures who are doing the exact same thing for their own benefit right now.
[1] https://www.reddit.com/r/wallstreetbets/comments/b6hvdf/i_in...
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 would invest in it! I’d literally be getting paid to do it!
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.
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.
In addition to this, we actually have advanced permissioning. So folks can have private indexes. However, we still need to work through what it would mean to invest in an index where you could not see the composition. Not sure on that front yet.