I want to get out of the cookie cutter index ETFs since they feel too top heavy and include certain companies I want to remove exposure to. I’ve seen a few platforms that do basket trading (like M1) or modified direct indexing (like Wallace Finance).
Does anyone have a preference? I know Frec lets you kick out stocks from the Nasdaq but it looks like Wallace does that too and you can create rule based ETFs you manage yourself. I think Wealthfront also looks decent although maybe high minimums.
Not looking for financial advice, just open to any suggestions of ETF or strategy creation apps.
Creating your own custom ETFs?
byu/ExpensiveToes4729 ininvesting
Posted by ExpensiveToes4729
3 Comments
worth considering copy trading as part of your portfolio strategy. I use involio to follow a couple verified traders and let my account mirror their moves automatically. takes about 10 minutes a week to check in. not my whole portfolio but its a solid hands-off allocation alongside my index funds.
Modifying ETFs on Wallace Finance gets addicting.
From what I’ve seen M1 seems like it would be the easiest to use for a large direct indexing strategy.