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.
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.
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!
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.
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.
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.