1-add the ability to enable/disable dividend reinvestment (I assume it’s enable by default/currently).
2-increase the timeframe options beyond five years.
Thanks (I think you’re on to an actual product here)
Appreciate the kind feedback. We also think we're on to a real product... which we're building! The app automatically DCAs into strategies (build your own or choose from existing templates) on a weekly basis.
Noted - we're going to add dividend reinvestment, and the timeframe option is a good callout too.
Think about who your average dollar cost average-er is.
People still working/getting paid.
How often are most paychecks?
Weekly, bi-weekly, semi-monthly, etc.
Maybe people with quarterly bonuses? Probably don't need to overdo it.
What would be super cool (and 100% out of scope for this) is like...
Buying only on "red" days (people trying to time the market thinking they'll buy the dip, but ignoring buying the market on the way up)
This can help people visualize how important consistency is when it comes to investments (or it can hypothetically show the opposite results on how blindly randomly buying stocks with no logic behind it might not perform the best, etc.)
Maybe there are strategies where technical indicators can act as a precursor for the decision making on whether or not you should buy or hold out?
But yeah 100% not in the scope of what you and your team are working on. :D
bobbob1921|3 years ago
Two suggestions if you don’t mind:
1-add the ability to enable/disable dividend reinvestment (I assume it’s enable by default/currently). 2-increase the timeframe options beyond five years.
Thanks (I think you’re on to an actual product here)
dwmcc|3 years ago
Noted - we're going to add dividend reinvestment, and the timeframe option is a good callout too.
MuffinFlavored|3 years ago
MuffinFlavored|3 years ago
People still working/getting paid.
How often are most paychecks?
Weekly, bi-weekly, semi-monthly, etc.
Maybe people with quarterly bonuses? Probably don't need to overdo it.
What would be super cool (and 100% out of scope for this) is like...
Buying only on "red" days (people trying to time the market thinking they'll buy the dip, but ignoring buying the market on the way up)
This can help people visualize how important consistency is when it comes to investments (or it can hypothetically show the opposite results on how blindly randomly buying stocks with no logic behind it might not perform the best, etc.)
Maybe there are strategies where technical indicators can act as a precursor for the decision making on whether or not you should buy or hold out?
But yeah 100% not in the scope of what you and your team are working on. :D
Otek|3 years ago