Not bad for $9.95. Just dump the corporates and municipals...
https://trader.motifinvesting.com/motif ... #/overview
Motif Investing
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MachineGhost
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Motif Investing
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: Motif Investing
I was looking at this recently. For $9.95 you can get up to 30 stocks at once. If you can replicate roughly the S&P (or your favorite index), you could save a reasonable amount of money by not having to pay the expense ratio charge. For larger portfolios this could be significant.
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"you are not disabled by your disabilities but rather, abled by your abilities." -Oscar Pistorius
"you are not disabled by your disabilities but rather, abled by your abilities." -Oscar Pistorius
Re: Motif Investing
Interesting idea. So the PP motif could be a bond, gold, and cash ETF; plus the largest 27 companies in the TSM.
Re: Motif Investing
Greg:
I wonder if you have had experience using your idea - I am particularly concerned about the execution you get. If the spread is bad the amount you save in commission may not be worthwhile, especially with fewer stocks and fewer transactions.
Do you know who the custodian of the account is?
I wonder if you have had experience using your idea - I am particularly concerned about the execution you get. If the spread is bad the amount you save in commission may not be worthwhile, especially with fewer stocks and fewer transactions.
Do you know who the custodian of the account is?
Re: Motif Investing
I haven't actually done any business with Motif. I was just saying it might work well if you said there were 30 companies that you liked. Rather than paying commission to buy each one every time (at maybe $7 a pop for 30 companies is $210 each time you'd want to add to every holding) you could pay $9.95 and do it to all of them all at once.
Background: Mechanical Engineering, Robotics, Control Systems, CAD Modeling, Machining, Wearable Exoskeletons, Applied Physiology, Drawing (Pencil/Charcoal), Drums, Guitar/Bass, Piano, Flute
"you are not disabled by your disabilities but rather, abled by your abilities." -Oscar Pistorius
"you are not disabled by your disabilities but rather, abled by your abilities." -Oscar Pistorius