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The future of investing is direct indexing.
Frec lets you mirror the S&P 500 through direct indexing while unlocking automated tax-loss harvesting (harvesting losses on individual stocks to offset gains). You can also borrow against your portfolio if needed. Think of it as a hybrid between Wealthfront (automation + tax efficiency) and Robinhood (brokerage flexibility).
Disclaimer: This is not investment advice. Direct indexing and margin borrowing involve risks (e.g. tracking error, model risk, and possible loss of principal). Always do your own research or consult a financial professional.
Compound helps people manage their personal finances with the same degree of rigor and sophistication that companies apply to their corporate finances.
Having used Personal Capital (Empower), Mint, and everything in-between for just shy of a decade, Compound is the first that I feel like actually "gets" me while having the most impressive UI/UX of them all.
Compound is able to track all of your financial accounts (shared and personal), and even allows for breaking down percentage ownership in a shared bank account or angel investment.
It manages direct and fund investments better than any other platform I've seen.
All for free. Have moved everything I own over to Compound. There's no better app out there for managing your personal finances (net worth).
Unlike Empower, Mint, YNAB, and others, Compound does not currently handle budgeting and transactions. The perfect budgeting pairing with Compound is Copilot Money, it's the best on the market hands-down, just be aware that it is a paid solution. Worthwhile as the enjoyment of using it far outweighs the cost.
Liquid access to secondary markets for accredited investors (formerly known as Stonks Private).
Sandhill is the new name and with it brings a myriad of changes. What first started as startup a demo day platform, has evolved into the Robinhood of Secondaries. Buy and sell your favorite non-public startups via secondaries.
We first invested in SpaceX through secondaries. A holding company through a holding company through an SPV. Oh, and they took 2% management fees/yr + 30% carry.
Yep, that's the reality of the secondaries market. It's all about who you know, and even knowing the right people doesn't get you in for less than 6-figures and crazy terms at times.
Not to mention, you can't actually sell your shares in these companies, likely until IPO (if it ever even happens).
That's where Sandhill Markets (Formerly: Stonks Private) is changing the paradigm on the secondaries market. They charge you a flat annual fee, and in exchange you get access to dozens of active secondaries.
I'm talking OpenAI, SpaceX, Stripe, Airtable, you know, those companies!
Not only that, but they also offer some form of liquidity. Join and you can actually buy/sell to others on the platform. So maybe you missed your chance to buy OpenAI shares now, but 6 months from now, what if you could still get in?
It's a super interesting idea, and one that we signed up for to give a shot, as what we did to first invest in SpaceX is, in hindsight, exhausting...
Sandhill does not currently contain a discount as their current business model involves carry and fees like most investment companies. We'll be sure to update here if that changes!
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