Launch HN: Financial Choice (YC S21) – Checking accounts with market returns

Re:Launch HN: Financial Choice (YC S21) – Checking accounts ... by rmah on Monday August 09, 2021 @01:57PM (#28120028)

It depends on how much of your assets are invested in the market. And on how you're handling cost basis. And if you are carrying forward any previous losses. And how long you've held the asset. And... well, you get the idea.

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Re:Launch HN: Financial Choice (YC S21) – Checking accounts ... by shmatt on Monday August 09, 2021 @03:00PM (#28120854)

well I'm not handling cost basis, Financial Choice is. and they're not sharing any of that AFAIK. which makes this confusing. Especially with the comparison here and on their home page, to a checking account.

Sounds like if the market is green I'm paying a hefty free for every single checking transaction

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Re:Launch HN: Financial Choice (YC S21) – Checking accounts ... by jklein11 on Monday August 09, 2021 @03:27PM (#28121234)

I think the tax filer max the ultimate decision on cost basis, not the financial institution.

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