We believe we’re differentiated in being both social and prosumer. E.g. we give advanced risk and performance metrics on every index, and are building a lot in-app for folks to collaborate.
Anyone can invest in any public index. We do have private indexes too (this is a premium feature, where we charge a subscription), wherein only folks you share your index with can view and invest. You can also "nest" others' indexes in your indexes (e.g. https://enombic.com/aml/autopilot).
We don't surface a lot around how much you invest right now, as there are some privacy concerns. But, depending on how things evolve it may be something we enable.
Thank you! "For hackers" is because it's very DIY, at least at the moment, e.g. if you like to fiddle with different ideas. "Like code" is because we've used a lot of our favorite github features in building the UI (version control and advanced permissioning to start). That being said, we've tried hard to make things generally accessible, and we're finding non-dev users don't have any issues.
Honestly the reason I haven't pulled the trigger on this myself isn't the automation, but because managing the dividend reinvestment transactions come tax time would be absurdly time consuming.
Indeed, there's a lot of opportunity cost in building and maintaining the tools. If you're interested in investing, you probably want to spend your time on investing rather than migrating databases all of the time etc.
We're quite interested in learning more around your suggestion. If you're comfortable, feel free to ping us at hello [at] enombic [dot] com. Would also be happy to chat more about data sources and our roadmap.
Yes, we actually weren't aware of motif until we onboarded a few users were who die hard Motif users. I think the value prop is quite similar but there are some important differences. For example, my understanding is the fees on Motif were somewhat high. Zero-commission was likely a disruptive force for them. Also, the number of sophisticated retail investors was much smaller when they started. The number of intermediate to advanced retail market is growing rapidly now that the onramps are much better.
Currently the charts go back to either: the most recent IPO, or 1 year from today.
We're working on supporting multiple time scales. Had to first do some refactoring on the backend to make this quick but it's in place now.
We've had a few hiccups with the confirmation notifications. The list seems correct though, and we'll reach out directly with invites. Thanks for the heads up.
We believe we’re differentiated in being both social and prosumer. E.g. we give advanced risk and performance metrics on every index, and are building a lot in-app for folks to collaborate.