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A comment on Wealthfront: Silicon Valley Tech at Wall Street Prices.

Re:Wealthfront: Silicon Valley Tech at Wall Street Prices by vasilipupkin on Thursday July 09, 2015 @08:47AM (#9857502)
Wealthfront should compete not just on trying to execute the same old indices, but on creating new indices on the fly. For example, REIT Index Sans Illinois, Emerging Markets Sans Russia, etc. Infinite number of possible index portfolios. Anyone want to build that? send me a message
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Re:Wealthfront: Silicon Valley Tech at Wall Street Prices by WalkerCodeRangr on Thursday July 09, 2015 @02:23PM (#9859752)
Check out https://www.folioinvesting.com They allow you to create your own "index funds" as well as select from a list of existing folios. Flat monthly fee.
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Re:Wealthfront: Silicon Valley Tech at Wall Street Prices by thisisit on Thursday July 09, 2015 @09:40AM (#9857773)
While the idea is interesting, I am curious what would be the market for a newer index? This combined with creating and maintaining a market to run this index, it will be an expensive proposition.
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Re:Wealthfront: Silicon Valley Tech at Wall Street Prices by vasilipupkin on Thursday July 09, 2015 @10:08AM (#9857897)
Why does it have to be expensive ? Imagine you live in Texas and already have high exposure to Texas real estate. It's reasonable to be able to construct a index fund ex texas real estate, as an example. Better tailor your investment options to your actual risks
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Re:Wealthfront: Silicon Valley Tech at Wall Street Prices by thisisit on Thursday July 09, 2015 @11:43AM (#9858527)
Not from the customer front but on the operations front.

To clarify, even if you have an index, there must be enough liquidity to run a market where your index is trading. In the early days with less liquidity the company will need to pick up some of the orders. This at the end depending on the value proposition might turn out to be costly.

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Re:Wealthfront: Silicon Valley Tech at Wall Street Prices by vasilipupkin on Thursday July 09, 2015 @01:45PM (#9859484)
US REIT index Sans Texas would be less costly because you would have fewer stocks to trade
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Re:Wealthfront: Silicon Valley Tech at Wall Street Prices by thisisit on Friday July 10, 2015 @03:30AM (#9862706)
Ah ok. I see what you meant when Folio was mentioned. I was thinking something else. I was building something like that but don't have the tech capabilities so had stopped.
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Re:Wealthfront: Silicon Valley Tech at Wall Street Prices by inthewoods on Thursday July 09, 2015 @03:56PM (#9860295)
That exists (at least if I understand your ask):

https://www.folioinvesting.com

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Re:Wealthfront: Silicon Valley Tech at Wall Street Prices by robbiemitchell on Thursday July 09, 2015 @01:27PM (#9859353)
I believe that's what Motif is doing.
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Re:Wealthfront: Silicon Valley Tech at Wall Street Prices by vasilipupkin on Thursday July 09, 2015 @01:48PM (#9859503)
Yes. But with absolutely insane commission levels. I would like a Vanguard like product that lets me do it
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