Business Idea:
Index and Tax-Efficient Investing Services
Problem:
Many investors can’t efficiently optimize taxes or access advanced indexing strategies like direct or mega backdoor Roths.
Solution:
A platform automating direct indexing, tax-loss harvesting, and guiding through mega backdoor Roth contributions.
Target Audience:
High-net-worth individuals, early-stage investors, financiers with sizable portfolios.
Monetization:
Subscription fees, performance-based fees, or a small percentage of assets managed.
Unique Selling Proposition (USP):
Simplifies complex tax strategies and indexing, making high-level investment techniques accessible and low-effort for users.
Launch Strategy:
Partner with existing financial firms to test basic tax harvesting features, then expand with automatic index rebalancing.
Watch the full My First Million Episode on Youtube:
How to retire with millions (and pay $0 taxes)