3 ms·
Noted - we're planning to add amount in the future. Regarding period, do you mean the cadence e.g. daily/weekly/monthly ?
by dwmcc 4y ago
Noted - we're planning to add amount in the future. Regarding period, do you mean the cadence e.g. daily/weekly/monthly ?
- MuffinFlavored 4y agoThink 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 4y agoHi, great tool! And great interface/gui. 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)
- MuffinFlavored 4y agomight as well add ability to compare compounded returns against inflation adjusted dollars too :D
- dwmcc 4y agoAppreciate 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.
- Otek 4y agoYeah, it should be quite easy to add on top of predefined periods (3m, 1y, etc) custom ones