[dustyharddrive]

Is there a direct indexing service that doesn't have exorbitant fees?

[klodolph]

“I want ETFs and low fees” -> https://www.bogleheads.org, there are various articles describing which funds to pick. (I’m thinking by “indexing service” you mean index fund?) Bogle was the founder of Vanguard and argued that low fees were better than active management; the “bogleheads” are the community that follow that advice.

[dustyharddrive]

I mean a custom index, but not one of those fintech apps with small limits on the number of stocks.

[verteu]

Wealthfront does US Direct Indexing for tax-loss harvesting, they're 25bps/yr.

[siilats]

Or you just buy the largest stock in each one of the 7 largest sectors and it pretty much correlates to the sp500. ETF have some nasty hidden fees related to the etf price being more expensive than the basket when you buy and less than the basket when you sell.

Sector Company 1 Company 2 Information Technology Microsoft (MSFT) Apple (AAPL) Financials JPMorgan Chase (JPM) Berkshire Hathaway (BRK.B) Health Care Johnson & Johnson (JNJ) UnitedHealth Group (UNH) Consumer Discretionary Amazon (AMZN) Tesla (TSLA) Communication Services Alphabet (GOOGL) Meta (META) Industrials Boeing (BA) Caterpillar (CAT) Energy ExxonMobil (XOM) Chevron (CVX)

[highwaylights]

I'm sure I'm missing something but does direct indexing really solve anything for you in this instance?

If you're in any of the main ETFs or index funds you're getting really cheap access to what's basically the same list of stocks you'd get with direct indexing. If you're trying to get equal-weighting of an index there's ETFs for that too, but that would mean you're betting more on companies without the ability to benefit from significant hegemony and the madding crowd of index fund influx, which seems to be where most of the growth comes from these days.

[dustyharddrive]

One might wish to avoid overbought and uniquely unethical companies.

[Jaxkr]

FXAIX

[mtoner23]

Vanguard?