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That’s great feedback, thank you!

We believe we’re differentiated in being both social and prosumer. E.g. we give advanced risk and performance metrics on every index, and are building a lot in-app for folks to collaborate.

Yes agreed! Right now users can write a short description but we want to expand on this. Thanks for your feedback.

Anyone can invest in any public index. We do have private indexes too (this is a premium feature, where we charge a subscription), wherein only folks you share your index with can view and invest. You can also "nest" others' indexes in your indexes (e.g. https://enombic.com/aml/autopilot).

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.

Thank you! "For hackers" is because it's very DIY, at least at the moment, e.g. if you like to fiddle with different ideas. "Like code" is because we've used a lot of our favorite github features in building the UI (version control and advanced permissioning to start). That being said, we've tried hard to make things generally accessible, and we're finding non-dev users don't have any issues.

We have a handful of users with this exact use case!

Paul Graham wrote about this: http://www.paulgraham.com/startuplessons.html

Thank you!

Indeed, there's a lot of opportunity cost in building and maintaining the tools. If you're interested in investing, you probably want to spend your time on investing rather than migrating databases all of the time etc.

We're quite interested in learning more around your suggestion. If you're comfortable, feel free to ping us at hello [at] enombic [dot] com. Would also be happy to chat more about data sources and our roadmap.

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.

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.

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

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.

Thanks, would be curious to get your thoughts given your experience in this problem space.

Since we lean DIY / prosumer, our thought is to provide options to the user. Around rebalancing, we're exploring a few options: calendar rebalancing, constant-proportion rebalancing, and rebalancing with only new contributions. Then, analytics to make it clear what is a short vs long-term holding.

Right now we're non custodial, we link to existing brokers. We are looking to become a register broker dealer in the next few months. The fractional-heavy model makes it such that it's better for us to vertically integrate.

That's great, can't wait to get you on the product! There are a lot of features you can use around creating indexes, it's not required that you invest.

We're looking into this model! We need to understand the regulatory landscape in more detail first. But it's definitely something users are asking for.

Haven't heard of Iconomi, thanks for the pointer! We're not focused on crypto at the moment.

Right now only US users can invest. But, anyone can use the platform to build indexes.

Once we invite you from the waitlist you'll be able to sign in. We'll prioritize anyone who signs up today, and invite them in shortly.

Absolutely. Would you want to make this index?

No options at the moment. We'd be excited to support them down the road though.

SWAN ETF is super interesting. Wonder if there is a "long" analog. E.g. comparable motivation and performance.

Absolutely. Direct indexing has some unique benefits. Of course it's a bit more complex to track everything, but that's where we come in.

We've had users get quite excited about ESG indexes. Especially with "forking" more traditional indexes and removing companies they're not morally aligned with.

Definitely! We are really interested in portfolio analytics. This would surface naturally with our app.

Awesome, thank you! We love diversification and to do that well, it's great to include a range of different asset classes / markets. For the next couple months though, while we refine our UX, we'll be sticking to stocks and ETFs. That being said, we have an ambitious long term road map.

Some folks may be too lazy to do that, unless you could automatically update the copy.

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.

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.

Thank you! Not at the moment but we hope eventually.

Just opened this up in a tab. Looking forward to reading it later. Thanks!

combine -> enombic

A big fan of Matt Levine's thoughts on indexing and how vast amounts of passive investing are impacting the markets.

Thanks thegreatpeter!

This is super interesting.

Reminds me of how a lot of centralized crypto exchanges work off-chain. Buy / sell is still taxable though.

That being said, tax implications are really important so we're thinking through what's best for our users with every feature we build.

Thanks!

You nailed it. We are building for "prosumer" retail investors who have baseline proficiency around these ideas. Over time we'd want to make sure our platform is more generally accessible, wherein we would build out more in-app education.

Indeed, higher-risk sector-based indexing is a use case we're seeing a lot on the app (e.g. https://enombic.com/jake/crypto). Then, we're seeing folks couple decorrelated sector-based indexes into aggregate indexes (e.g. https://enombic.com/chris/main, this one is actually 50% Vanguard ETFs).

No Neo exchange yet, sorry. Do you know if it's possible to get exposure to psychedelic medicine in the US?

timescaledb <3