billatpanda
Joined 7 years ago
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Jan 22
Joined 7 years ago
Some of the "no fee" ETFs are also not that great ... such as https://www.marketwatch.com/story/these-hidden-etf-fees-are-...
On the other hand side, this tool is exploring a possibility to replace modern ETF, since with the tool you can build your own index (more flexible and transparent than a fund entity) and execute it through linking trade-only API keys -- the money never even leaves your exchange! Instead of any percentage-based fee in the fund management industry, we can turn it into a fixed cost (subscription model), since the computational cost is becoming way cheaper nowadays.