I want a third party to manage the buying and selling of shares as I incrementally put in small amounts of money every week into the fund.

Technically I own the fund, and the fund owns the companies. As I understand your comment, this would be disallowed.

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shimman 2 hours ago | parent | next [-]

You can do this but you should also relinquish all voting rights of said companies. When companies like Blackrock, State Street, Fidelity, Vanguard, etc all sit on the same boards, you're going to get decisions being forced that may not be good for the company, workers, customers, or country. Doubly so when they're sitting on two competing companies boards.

You can allow mutual funds or ETFs or whatever similar instrument, but they should not be allowed to have a vote or say in the company.

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onraglanroad 3 hours ago | parent | prev [-]

You could either make an exception for funds, or simply make them owned directly. Probably impossible before computerisation but fairly straightforward now.

These don't seem difficult problems to me.

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epistasis 3 hours ago | parent [-]

The difficult problem is how you distinguish a fund for consumers versus the types of funds you want to disallow. Start trying to codify that in law and it will quickly bring people finding the edges for their own purposes.

Full public disclosure of all beneficial ownership in entities would go a lot further, IMHO.

	▲	onraglanroad 3 hours ago \| parent [-]
		All funds are for consumers, because companies can't own funds. I think your full disclosure is actually fundamentally the same as my proposal.