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

Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by wheybags on Thursday February 25, 2021 @05:33PM (#26269190)

Oh man, this is actually exactly something I want. I want to invest in the s&p 500, like an index etf, but I want to filter out companies which I don't agree with ethically. I also want to look at my custom index's performance historically so I can see how well it tracks the overall market.

It is extremely hard to actually do this. There's a plethora of hurdles in the way - you need to get data (I bought some historical s&p 500 data, seemed to be the only way), and then you need to figure out what to do with it too. When you look at a graph on the index, what is that based on? Do they rebalance every day? Monthly? Who knows? I was never able to reconstruct an s&p 500 graph from source data myself as a baseline.

I will definitely be giving this a try.

EDIT: signed up for the waitlist!

Also, a question: Can you use this without some sort of linked broker account? IE, you tell it what you've got, and it spits out instructions that you execute manually? I ask because I'm in Europe, and only the big American brokers ever seem to get proper integrations with anything.

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by Jommi on Thursday February 25, 2021 @08:08PM (#26270438)

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

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by matthewpick on Thursday February 25, 2021 @10:57PM (#26271214)

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

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by vincentmarle on Friday February 26, 2021 @06:33AM (#26273718)

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.

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by faitswulff on Friday February 26, 2021 @10:07AM (#26275464)

You can share your M1 “pies” with other users. Here’s an example: https://dashboard.m1finance.com/share/H4sIAAAAAAACA6tWKqksSF...

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by monkeydust on Friday February 26, 2021 @07:01AM (#26273926)

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

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by xangel on Tuesday March 09, 2021 @06:06AM (#26397629)

There is one and it's even better - trading212.com. Here is an example of a shared pie: https://www.trading212.com/pies/l71F4dJAcqHItmVp4J5uRsVK3fLq

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by wheybags on Saturday February 27, 2021 @09:31AM (#26285065)

Just tried both of these. Passiv requires me to link a broker account, and doesn't support my broker. M1 is US-only. Both non-starters. I just want to enter my trades by hand, I don't need a fancy auto-buy broker integration.

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by _eb13 on Saturday February 27, 2021 @03:21PM (#26287798)

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.

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by searchableguy on Friday February 26, 2021 @11:32PM (#26282593)

For India, there is smallcase.

https://www.smallcase.com/

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by _eb13 on Thursday February 25, 2021 @06:12PM (#26269562)

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.

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by knjmooney on Thursday February 25, 2021 @06:29PM (#26269713)

Are you aware of the S&P 500 ESG index?

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by safog on Thursday February 25, 2021 @06:51PM (#26269894)

I think it has mostly been established that these are bogus and the actual companies don't really do much of anything social / environmental.

https://www.cnbc.com/2020/02/26/chamath-palihapitiya-esg-inv...

Anyway, these are ethical concepts and can vary widely between person to person. Some might not want to invest in energy companies at all where as others might not have anything against companies selling oil / cars with internal combustion engines but take objection to a company's CEO being against BLM for example.

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by wheybags on Thursday February 25, 2021 @06:53PM (#26269924)

There are various "ethical" indexes, but pretty much none of them exclude google or facebook (which would be at the top of my cut-list). I want to do my own individual research on each company, and come to my own conclusions.

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Re:Launch HN: Enombic (YC S20) – Create your own stock indexes by jdthedisciple on Monday March 01, 2021 @03:27AM (#26300680)

I can identify fully with your investing needs and am looking for exactly the same as you - some sort of custom etfs that fully comply with my ethics and morale. Just wanted to mention that :)

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