[w1]

Have you considered allowing the creators of a popular index to receive a small fee, similar to current ETF commission structures?

Y’all seem like you’re in a great position to create a vibrant community for the next generation of investors, and giving financial influencers a return could help bring people to your platform.

[takeiteasyy]

This is a fun idea, it would let anyone be a hedge fund manager. List the managers own money invested, other's money invested, commision rate, associated social media accounts, "risk"/diversification metrics, proportional and absolute gains/losses since inception (for what it's worth). Personally I would still keep the majority of my investments in an index fund, but for a particular kind of person I can see the social aspect is very engaging.

[Tostino]

I could see this going terribly wrong with the cult of personality that people are able to cultivate organically being so massive compared to the past.

As I'm typing this out though I realize that there's no difference between individuals wielding that type of influence over people, and the existing power structures who are doing the exact same thing for their own benefit right now.

[mdorazio]

Same thought from me - along the lines of recreating the "Becky" index from WSB [1] as an actual ETF that people could invest in for ~0.1% fees.

[1] https://www.reddit.com/r/wallstreetbets/comments/b6hvdf/i_in...

[_eb13]

There are a few "notes" of WSB on the app. Haven't seen the Becky index yet though!

[narrowblind]

What do you think of this? They appear to be operational, but with minimal adoption.

https://genesis.vision/

[_eb13]

Indeed! We've been thinking through this model, but there's still a bit more to figure out. Our primary goal is to empower the prosumer retail investor.

[Mumps]

I'd like to offer the counter to some of the support for this idea. I worry that as soon as there is a commision structure in place:

A) The marketplace will become absolutely flooded with copy after copy after copy of $GENERIC_ETF as people are trying to scramble onto some comissions.

A2) It will destroy the community aspect of people sharing ideas just because. This has been seen in a lot of other marketplace areas before.

B) It'll be back to the same problem of losing money to fees - which is the whole point of low cost brokerages and etfs for us poors.

Please, please, do not implement this.

[cgb223]

I can tell you the difference between me being a user and not being a user is this exact feature.

I can buy stocks on my own in different quantities to make my own “ETF” (granted not at fractional share prices)

But if I could bundle it and make a small commission for it, you’d have my business for the rest of my life

Also, what an awesome incentive that would be for me to share your product around with others who would invest in it! I’d literally be getting paid to do it!

[_eb13]

That's great feedback, thanks!

I still find a lot of value without commission as my preferred investing style was unwieldy to do manually. I suppose it depends on the complexity of your index. As you approach 40+ it gets pretty time consuming.

[gregod]

https://www.wikifolio.com/ does something similar for the German speaking market. One part is a social portfolio sharing / tracking component. The other is that they create securities from popular portfolios under a revenue share model with the creators.

[multimedial]

I find the costs to be prohibitevly high though…

[endisneigh]

I was thinking the same thing, but couldn't you just look at a popular index and replicate it for free?

[_eb13]

Some folks may be too lazy to do that, unless you could automatically update the copy.

In addition to this, we actually have advanced permissioning. So folks can have private indexes. However, we still need to work through what it would mean to invest in an index where you could not see the composition. Not sure on that front yet.