Is there a video somewhere to understand how playlists are supposed to work, how does the UX look like? Is it like one-click investment into multiple stocks?
Why not take that further, and enable custom playlists and semi-automatic re-balancing. Imagine the user has a portfolio of:
- Playlist 1
- Playlist 2
- Stock 1
- Stock 2
Now, playlist 1 could consist of any number of stocks, which would be seen when expanded. Stock 1 could repeat inside Playlist 1, too. If an user would want to see total holdings in Stock 1, he’d have to go to another view where investments aren’t grouped by playlist and all stocks are displayed instead.
In that “all stock” view, a stock holding could be expanded where individual positions would be sorted by date, and next to them displayed if the holding belongs to a playlist or is independent.
Playlists could be defined by target % of each constituent stock. User could change his holdings in multiple ways:
- buy (by target % / by actual %) - splits the total newly invested amount into separate stocks according to the target or actual proportions. This generates a list of trades and user checks and confirms them before executing, and is given the chance to tweak them (market/limit) and execute in arbitrary sequence with the click of a button next to each trade.
- sell (by target % / by actual %) - sells some amount taking proportionate amounts from each stock holding
- manual - buy or sell individual stocks
- re-balance - generate trade list which would transform the actual % into target %, as close as possible.
Thoughts? I guess low fees and fractions would enable this. One could even make a playlist to copy some index ETF allocation, and mirror their investments instead of buying directly into the ETF.