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A comment on Launch HN: Double (YC W24) – Index Investing with 0% Expense Ratios. Parent comment

Re:Launch HN: Double (YC W24) – Index Investing with 0% Expe... by soared on Tuesday December 10, 2024 @11:05AM (#42378114)
Fidelity has innovated a ton and they have this exact product, though I don’t know the fees.

Fidelity is very much into new fintech ideas and products.. they were mining crypto very early on.

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Re:Launch HN: Double (YC W24) – Index Investing with 0% Expe... by sumanyusharma on Tuesday December 10, 2024 @11:27AM (#42378341)
Appreciate the info; I'll double-check Fidelity again!
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Re:Launch HN: Double (YC W24) – Index Investing with 0% Expe... by ac29 on Tuesday December 10, 2024 @01:05PM (#42379409)
Fidelity has a few direct indexing products.

Here is one that is $5/month: https://www.fidelity.com/direct-indexing/customized-investin...

I'm curious if Double has any advantages over this offering other than price. While I'm not personally interested in direct indexing, if I was I would absolutely be willing to pay the extra $4/month to do it at Fidelity vs some unknown startup.

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Re:Launch HN: Double (YC W24) – Index Investing with 0% Expe... by TuringNYC on Tuesday December 10, 2024 @01:24PM (#42379642)
>> Fidelity has innovated a ton and they have this exact product, though I don’t know the fees. >> Fidelity is very much into new fintech ideas and products..

Fidelity has a competitive product called Basket Portfolios and it is so buggy as to be almost unusable. The bugginess has existed for many months and they do not even seem to care.

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