Re:Launch HN: Enombic (YC S20) – Create your own stock indexes
by gwd on Thursday February 25, 2021 @05:33PM
(#26269194)
> (2) want to make minor changes to existing ETFs
This is exactly the use case I've wanted for a long time -- I'd much rather just park most of my money in an S&P 500 index fund. But there are some companies there whose business practices I just find scummy; and if I own stocks in that fund, those companies will be doing those scummy things in my name and for my benefit. I realize there are "ethical" index funds, but somehow their senses of ethics and mine don't match 100%. I'd very much like to be able to say, "The S&P 500, but not X Y or Z."
This is exactly the use case I've wanted for a long time -- I'd much rather just park most of my money in an S&P 500 index fund. But there are some companies there whose business practices I just find scummy; and if I own stocks in that fund, those companies will be doing those scummy things in my name and for my benefit. I realize there are "ethical" index funds, but somehow their senses of ethics and mine don't match 100%. I'd very much like to be able to say, "The S&P 500, but not X Y or Z."
I'll definitely be looking into this.