M1 FINANCE REVIEW 📈 Best Beginner's Investing Platform!

TL;DR

Learn the unique features of M1 Finance, including fractional shares, pie-based investing, portfolio-level dividend reinvestment, automation features, and retirement account options.

Transcript

• So in this video here, we're going to be doing a short review of the M1 Finance investing platform. Now I already have done a review of this app on my channel, but that was a close to 20-minute review, and so maybe you don't have 20 minutes and you're looking to make a decision on whether or not the M1 Finance app is or is not for you. So we're g... Read More

Key Insights

• 👻 M1 Finance allows investors to invest in high-value stocks through fractional shares, making it more accessible to small investors.
• 🧡 The platform offers expert pies and customizable portfolios, providing a range of investment options for all types of investors.
• 🌱 M1 Finance's portfolio-level dividend reinvestment plan simplifies the process of reinvesting dividends across the entire portfolio based on chosen allocations.
• 🥶 Automation features like automated deposits and rebalancing make investing hassle-free for users.
• 🤱 M1 Finance is one of the few platforms that offer retirement accounts without any fees.
• 🍉 The platform's emphasis on long-term investing and its variety of investment options make it a compelling choice for investors.
• 🥧 M1 Finance appeals to both experienced investors who can customize their portfolios and beginners who can take advantage of expert pies.

Questions & Answers

Q: How does M1 Finance allow investors to buy fractional shares?

M1 Finance enables investors to purchase a fraction of a share of high-value stocks like Amazon, allowing them to invest smaller amounts without needing to buy whole shares.

Q: What is pie-based investing on M1 Finance?

Pie-based investing on M1 Finance refers to creating an investment portfolio with allocations to different stocks or ETFs. Users can choose from expert pies or build their own from scratch.

Q: How does portfolio-level dividend reinvestment work on M1 Finance?

M1 Finance's portfolio-level dividend reinvestment plan allows users to reinvest dividends across their entire portfolio based on their chosen allocations. Dividends are reinvested proportionally according to the portfolio's allocations.

Q: What automation features does M1 Finance offer?

M1 Finance offers regular automated deposits, allowing users to add a set amount of money to their accounts on a weekly or monthly basis. The platform also offers automated portfolio rebalancing to maintain desired allocations.

Summary & Key Takeaways

• M1 Finance allows investors to buy fractional shares of high-value stocks, making it easier to invest in expensive stocks and build a diversified portfolio.

• The platform offers pie-based investing, where users can create their own portfolios or choose from expert pies in various investment categories.

• M1 Finance provides a portfolio-level dividend reinvestment plan, allowing users to reinvest dividends across their entire portfolio based on their chosen allocations.

• Automation features include regular automated deposits and the option to rebalance portfolios as more money is added.

• The platform also offers retirement accounts, including Roth IRAs, without any fees associated.