Launch HN: Double (YC W24) – Index Investing with 0% Expense Ratios

Article summary

Double, a fintech company, offers index investing with 0% expense ratios, handling management, rebalancing, and tax-loss harvesting for a flat fee of $1/month. The company aims to disrupt the traditional financial industry by providing low-cost investment options. Double has already crossed $10M in assets under management since its launch. The founders believe that their model can bring significant cost savings to investors, especially over long periods.

Main themes

• Low-cost investing
• Index investing
• Fintech disruption
• Expense ratios
• Tax-loss harvesting
• Financial regulation

What commenters say

• The company's low-fee model is attractive, but its long-term viability and ability to generate revenue are uncertain.
• Some commenters are skeptical about the company's ability to maintain its low-fee promise and worry about potential hidden costs or fees.
• The use of payment for order flow and stock lending as revenue streams raises concerns about conflicts of interest and the potential for predatory practices.
• Others argue that the benefits of low-cost investing outweigh the potential risks and that the company's model can bring significant cost savings to investors.
• There are differing opinions on the importance of a company's size and reputation in ensuring the security of investments, with some prioritizing established players and others willing to consider newer fintech companies.
• Some commenters emphasize the need for transparency and regulation in the fintech industry to protect consumers and prevent predatory practices.
• The company's decision to lend out users' shares to short sellers is seen as a potential conflict of interest by some, while others view it as a normal practice in the industry.
• There are concerns about the company's ability to balance its business model with the need to prioritize customers' interests and provide sufficient value for the risk involved.