Direct Indexing Anyone?

Do any HumbleDollar readers use direct indexing? (If you have to ask what that is, you are not likely using this.) If you are either using this relatively new financial tool, or if you seriously considered it and made a reasoned decision not to use it, I’d appreciate hearing from you.

My personal situation is an overallocation to cash (55%) caused primarily by selling out of a low-basis ETF that created an overconcentration in tech stocks. As we continue to sell out of that position while considering retirement in the next few years, we have the opportunity to direct index and harvest capital losses to offset additional capital gains.

I have an annual membership (free in 1^st year) with Range Investments that offers direct investing at 12 -22 basis points, which will likely continue to drop in price in future years. It’s very tempting to get the loss-harvesting benefits in the first several years of this strategy, but the continuing drag of the slightly higher basis points in later years – in comparison to total market ETFs at 3 – 5 basis points – is giving me some pause.