Labor Day 2024 Feature Update

Key Double features including automated daily optimization, tax loss harvesting and 0 AUM fees.

JJ Maxwell

Updates

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This labor day we have some exciting update to share with you. We've launched a bunch of new features since going live in August, and today we want to talk about a few of them including

  • Lower account minimums (as low as $1k)
  • Marginal Tax Rate Calculator
  • Stock Exclusions

Let's dive in!

Lower Account Minimums

Image displaying the new account minimum feature We've just launched dynamic account minimums which means you can invest with as little as $1,000. Previous on Double your first deposit needed to be at least $20,000. Each Strategy now has a minimum investment amount You can only change the weights of a strategy if the result will be at least that much money going into that You can always set a specific strategy's weight to $0 so you're never locked in

Tax Rate Estimator

Image showing our new Tax Rate Estimator Tool

Double optimizes your portfolio based on taxes*. We now let users easily estimate their key marginal tax rates based simply on their Income, Filing Status and State. We calculate and save Marginal Federal Income Tax Rate, Marginal Federal Long Term Capital Gains Tax Rate, Marginal Federal Qualified Dividend Tax Rate, and Marginal State Short Term and Long Term Capital Gains tax rates We plug these into our optimization engine to ensure we're optimally advising your account as it related to your tax situation Note that your individual tax situation may lead to different results than our estimate, so we also let you easily copy an email you can send to your CPA to ask them to confirm these details.

Stock Exclusions

Showing a new feature designed to enable stock exclusions You can now exclude specific stocks from being traded on Double. If you work for a public company you may have some restrictions around when and how often you can trade. Or you might just have a large external position that you'd like Double to avoid trading completely You can now exclude specific stocks from being traded on Double. If you work for a public company you may have some restrictions around when and how often you can trade. Or you might just have a large external position that you'd like Double to avoid trading completely You can specify a specific stock as:

  • Do not buy or sell
  • Buyable, not sellable
  • Sellable, not buyable You can also put a date where this restriction will expire, allowing Double to easily start trading that stock after a lockup, etc.

More to Come

Other improvements this month include:

  • Explore Page Improvements
  • The ability to share a group of stocks and their backtest from the research page
  • The ability to combine ETFs and Stocks into one Strategy
  • A ton of bug fixes

We've got a lot more in works this month. Please let us know if you've got any questions or feedback for us.

Our Tools

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Fee Calculator

With zero AUM fees on Double, see how much savings a portfolio might accumulate compared to a traditional wealth advisor fee or ETF expense ratio.

empower-sm

0.89%

wealthfront-sm

0.25%

frec-sm

0.1%

1% Typical Advisor Fee

Tax Bracket Estimator

Estimate the taxes across federal, state, short term and long term for your situation.

JJ Maxwell

Updates

Share this Article

facebookXtwitterlinkedinmail

Our Tools

See All

Fee Calculator

With zero AUM fees on Double, see how much savings a portfolio might accumulate compared to a traditional wealth advisor fee or ETF expense ratio.

empower-sm

0.89%

wealthfront-sm

0.25%

frec-sm

0.1%

1% Typical Advisor Fee

Tax Bracket Estimator

Estimate the taxes across federal, state, short term and long term for your situation.

Don't miss an article.

Get most recent news and updates straight from Double Team!

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¹ Data as of July 2024.

² Availability of tax loss harvesting depends on portfolio diversity.

³ As of November 8, 2024. The optional Cash Sweep program takes the cash sitting in your brokerage account and moves it to an FDIC-insured interest-earning deposit account. The current yield is 1.0%, rates subject to change at any time. The cash sweep program is made available in coordination with Apex Clearing Corporation. Please read the Important Disclosures for more information.

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