Double is a SaaS product for zero expense ratio index investing. Choose from over 50 stock market indexes or create your own. The platform manages your investments, including tax loss harvesting, for $1/month.
Features
Zero Expense Ratio Index Investing
Allows you to invest in over 50 broad stock market indexes or build your own with no expense ratios.
Automated Management
Automatically handles the management of investments, including tax loss harvesting.
User Strategies and Allocations
Provides customizable strategies and allows you to edit allocations to suit your investment needs.
Risk Tolerance Setting
Allows users to set their risk tolerance as High, Medium, or Low, affecting the types of investment strategies displayed.
Strategy Categories
Users can explore investment strategies divided into specific categories, such as Classic Diverse Direct Indexes, Risky Business, Sector Specific, etc.
Investment Strategy Details
Each strategy card provides details like risk level, price, main sector, top holdings, and investment focus, enabling users to choose based on their preferences.
Custom Stock Index
Create your own stock index without paying AUM fees. Allows for personalized investment strategies.
Risk Tolerance Settings
Choose your level of risk tolerance (High, Medium, Low) to tailor your investment approach.
Investment Platform
Allows you to invest in 50+ broad stock market indexes with zero or expense ratios by buying fractional shares of individual stocks.
Fee Calculator
Tool to calculate fees associated with managing a portfolio, accommodating a zero expense ratio index.
Tax Bracket Estimator
Tool to estimate tax expenses for federal, state, short-term, and long-term situations.
Tax Loss Harvesting with Pairs
This feature allows the optimizer to tax loss harvest your portfolio based on a pairs replacement approach. It also considers drift, transaction costs, and holding costs where applicable.
Tax Loss Harvesting with Factors
This feature enables the optimizer to tax loss harvest your portfolio based on a factor approach, similar to pairs. It also considers drift, transaction costs, and holding costs where applicable.
Rebalance Regularly
Allows rebalancing without taking into account taxes, with the goal of restoring the portfolio to your target weights. Useful for custom strategies with a small number of stocks or low market cap weighted strategies.
Quarterly Rebalancing
Supports buy-and-hold strategies while rebalancing quarterly, avoiding tax implications.
Buy & Hold (net cash)
Facilitates maintaining a buy-and-hold strategy, using additional cash as dividends or deposits, unless there is a change in portfolio level weights.
How To Section
Offers how-to articles and videos covering the basics to advanced features of the Double platform.
All About Investing Section
Provides information on popular investing topics related to the Double platform.
Portfolio Starting Value Input
Allows you to enter the initial investment amount to calculate potential future savings and returns.
Timeline Input
Allows you to specify the time period in years for which you want to project investment growth.
Monthly Contribution Input
Lets you enter the amount you plan to contribute on a monthly basis to your investments.
Estimated Annual Return Input
Enables entry of the expected annual return rate for the investment, impacting the projected growth.
Advisor Fee Input
Option to specify the typical advisor fee or expense ratio for ETFs, affecting the comparison of portfolio growth with Double and a typical advisor.
Chart Visualization
Provides a graphical representation of the estimated portfolio values over time with Double versus a typical advisor.
Accumulation Schedule
Displays a table with yearly breakdowns of fees, growth, and portfolio values with both Double and an advisor.
Federal Income Tax Estimation
Calculates estimated federal income taxes using a progressive marginal rate system for ordinary income such as wages and salaries.
Federal Long Term Capital Gains Tax Estimation
Estimates taxes on profits from assets held longer than a year, taxed at 0%, 15%, or 20% rates depending on income.
Federal Qualified Dividend Tax Estimation
Calculates taxes on qualified dividends at favorable rates as long-term capital gains.
State Short Term Capital Gains Tax
Estimates tax on profits from assets held for less than a year, typically treated as ordinary income at the state level.
State Long Term Capital Gains Tax
Estimates state taxes for long-term capital gains, varying by state.
Website Information
The ETF is managed by iShares with a website link provided as www.ishares.com.
Historical Performance Graph
Displays the fund's historical performance over different periods (1W, 1M, 3M, 6M, 1Y, 2Y, 5Y).
Key Details Section
Provides critical metrics such as Assets Under Management ($29.05B), Dividend Yield (4.74%), Net Asset Value ($100.51), Expense Ratio (0.09%), and 1 Year ETF Return (0.05%).