Arvabelle
  • Make Money
    • All Career Entrepreneurship Side Hustles Start a Business Work From Home

      How to Avoid PayPal Fees: 9 Easy Ways

      10 Online Jobs That Pay $15/hr or More…

      How to Stay Productive Working from Home

      Build Relationship Capital to Build Your Business |…

      How She Became a Hair Stylist at 18

      How to Avoid PayPal Fees: 9 Easy Ways

      5 Books Every Entrepreneur Should Read

      10 Online Jobs That Pay $15/hr or More…

      7 Side Hustle Ideas to Make Extra Money

      10 Ways to Make Money Online

      10 Side Hustles to Try This Weekend

      How to Avoid PayPal Fees: 9 Easy Ways

      Build Relationship Capital to Build Your Business |…

      10 Online Jobs That Pay $15/hr or More…

      How to Stay Productive Working from Home

  • Save Money
    • All Budgeting Debt Saving

      How to Avoid PayPal Fees: 9 Easy Ways

      7 Money Lessons from The Richest Man in…

      10 Money Truths I Wish Someone Told Me…

      How to Spend Your $1200 Stimulus Check (and…

      How to Survive on Inconsistent Income

      Budgeting Tips & Template

      10 Tips to Travel on a Budget

      Pay Off Debt FAST (Snowball Method vs Avalanche…

      How to Avoid PayPal Fees: 9 Easy Ways

      7 Money Lessons from The Richest Man in…

      10 Money Truths I Wish Someone Told Me…

      How to Spend Your $1200 Stimulus Check (and…

  • Invest
    • All Investing Investing Guides Retirement

      What is an IPO? Initial Public Offering Explained

      What is a SPAC?

      What Are NFTs? How People Are Making Millions…

      10 Key Lessons from The Intelligent Investor by…

      What is an IPO? Initial Public Offering Explained

      What is a SPAC?

      10 Key Lessons from The Intelligent Investor by…

      Short-Term Investing vs Long-Term Investing

      The Ultimate Guide to Automate Your Finances

      How to Start Investing for Retirement

      The Easiest Way to Become a Millionaire (Roth…

      What is a 401k? For Beginners

  • Living
    • All Books to Read Minimalism Renting

      8 Important Lessons from Essentialism by Greg McKeown

      10 Key Lessons from The Intelligent Investor by…

      7 Money Lessons from The Richest Man in…

      Financial Minimalism Gone Too Far?

      8 Important Lessons from Essentialism by Greg McKeown

      10 Key Lessons from The Intelligent Investor by…

      7 Money Lessons from The Richest Man in…

      8 Important Lessons from Essentialism by Greg McKeown

      Financial Minimalism Gone Too Far?

      7 Things to Declutter from Your Digital Life

      Apartment Hunting Tips & Checklist

  • Resources
  • Shop
Arvabelle
  • Make Money
    • All Career Entrepreneurship Side Hustles Start a Business Work From Home

      How to Avoid PayPal Fees: 9 Easy Ways

      10 Online Jobs That Pay $15/hr or More…

      How to Stay Productive Working from Home

      Build Relationship Capital to Build Your Business |…

      How She Became a Hair Stylist at 18

      How to Avoid PayPal Fees: 9 Easy Ways

      5 Books Every Entrepreneur Should Read

      10 Online Jobs That Pay $15/hr or More…

      7 Side Hustle Ideas to Make Extra Money

      10 Ways to Make Money Online

      10 Side Hustles to Try This Weekend

      How to Avoid PayPal Fees: 9 Easy Ways

      Build Relationship Capital to Build Your Business |…

      10 Online Jobs That Pay $15/hr or More…

      How to Stay Productive Working from Home

  • Save Money
    • All Budgeting Debt Saving

      How to Avoid PayPal Fees: 9 Easy Ways

      7 Money Lessons from The Richest Man in…

      10 Money Truths I Wish Someone Told Me…

      How to Spend Your $1200 Stimulus Check (and…

      How to Survive on Inconsistent Income

      Budgeting Tips & Template

      10 Tips to Travel on a Budget

      Pay Off Debt FAST (Snowball Method vs Avalanche…

      How to Avoid PayPal Fees: 9 Easy Ways

      7 Money Lessons from The Richest Man in…

      10 Money Truths I Wish Someone Told Me…

      How to Spend Your $1200 Stimulus Check (and…

  • Invest
    • All Investing Investing Guides Retirement

      What is an IPO? Initial Public Offering Explained

      What is a SPAC?

      What Are NFTs? How People Are Making Millions…

      10 Key Lessons from The Intelligent Investor by…

      What is an IPO? Initial Public Offering Explained

      What is a SPAC?

      10 Key Lessons from The Intelligent Investor by…

      Short-Term Investing vs Long-Term Investing

      The Ultimate Guide to Automate Your Finances

      How to Start Investing for Retirement

      The Easiest Way to Become a Millionaire (Roth…

      What is a 401k? For Beginners

  • Living
    • All Books to Read Minimalism Renting

      8 Important Lessons from Essentialism by Greg McKeown

      10 Key Lessons from The Intelligent Investor by…

      7 Money Lessons from The Richest Man in…

      Financial Minimalism Gone Too Far?

      8 Important Lessons from Essentialism by Greg McKeown

      10 Key Lessons from The Intelligent Investor by…

      7 Money Lessons from The Richest Man in…

      8 Important Lessons from Essentialism by Greg McKeown

      Financial Minimalism Gone Too Far?

      7 Things to Declutter from Your Digital Life

      Apartment Hunting Tips & Checklist

  • Resources
  • Shop
Investing

M1 Finance Review (2020)

by Suzanne Ctvrtlik February 21, 2021
February 21, 2021
*This section contains affiliate links. At no additional cost to you, we may receive a small commission from these links.

Summary

M1 Finance is a great investing platform for beginners and seasoned investors alike. We love their fractional shares, expert pies, and automatic investment options. Continue reading to see if M1 Finance is right for you!

** This post may contain ads and affiliate links.

Pros

  • Mixed robo-advisor and self-directed investing
  • No trading or account fees or commissions
  • $100 minimum
  • $500 minimum for retirement accounrs
  • Fractional Shares
  • Automatic Rebalancing

Cons

  • Only one trading window per day
  • No tax loss harvesting
  • No mutual funds
  • Only for US Citizens and permanent residents

Who Should Use M1 Finance?

M1 Finance’s simple interface makes it great for beginners and seasoned investors alike. It’s also great for dividend investors, and for those who would like to have the option to automate their investments.

M1 Finance is not for day traders, or anyone looking to execute multiple trades per day. Because the platform only has one trading window per day, you won’t have as much control over the exact prices that you buy and sell at.

Creating An Account

Creating an account is quick and easy. You’ll even have the opportunity to set up your first investment pie during the sign-up process. See the video below for a full step-by-step walkthrough of opening an account.

Account Options

M1 Finance currently offers both Individual and Joint Brokerage Accounts. You can open one of this accounts with a $100 initial deposit.

They also offer a few options for retirement accounts, which can be opened with a $500 initial deposit. Traditional, Roth, & SEP IRAs, as well as IRA and 401k Rollovers are all available.

If you’re thinking about transferring an existing account over to M1 Finance, check their site frequently! They frequently run promotions that offer a bonus for transferring an account.

Expert Pies

If you don’t want to build your own investment portfolio – you don’t have to. M1 Finance offers a variety of options for pre-built portfolios. These can range from retirement investing to dividend investing. Inside each of these expert pies, you can see a breakdown of the portfolios and choose a pie that fits your investing style. You even have the option to choose how aggressive your portfolio is.

M1 Finance

Custom Pies

If you’d rather choose your own investments, you absolutely can! When you build your own investment pie, you get choose what you’d like to invest in, and what percentage of your portfolio you’d like to allocate towards each “slice”. Each time you buy into your entire portfolio, M1 Finance will spread the money across your portfolio, and try to keep those desired percentages as close as possible.

M1 Finance

Fractional Shares

Don’t have $2,000 to buy a share of Amazon? No problem! Possibly the best feature of M1 Finance is its fractional shares. This means that you can buy less than one full share of a stock. In this scenario if you only have $200 to invest, you could own 1/10 of a share of Amazon.

READY TO SIGN UP? CLICK HERE

Automatic Investments

M1 Finance is the perfect platform if you’re looking to automate your investments, but still have a bit more control than you would with a robo-advisor. It’s easy to schedule deposits on a recurring basis, and to have M1 Finance invest your cash once it hits a certain balance.

If you’d like to learn how to set up automatic investments, watch the video below:

FacebookTwitterPinterestLinkedinEmail
Suzanne Ctvrtlik

Suzanne Ctvrtlik is the founder of the personal finance blog and YouTube channel, Arvabelle.

previous post
Free, Downloadable Backgrounds for March 2020
next post
What to Do in a Stock Market Crash

You may also like

What is an IPO? Initial Public Offering Explained

April 19, 2021

What is a SPAC?

April 8, 2021

10 Key Lessons from The Intelligent Investor by...

March 25, 2021

Short-Term Investing vs Long-Term Investing

February 27, 2021

Socially Responsible Investing Explained (Sustainable, ESG, SRI)

February 25, 2021

The Ultimate Guide to Automate Your Finances

February 24, 2021

Bitcoin to 500k? Why Elon Musk & Cathie...

April 8, 2021

How Short Selling Works (Short Selling for Beginners)

February 21, 2021

How to Open an E*TRADE Account (Step by...

February 21, 2021

Which $0 Commission Brokerage Should You Use in...

February 21, 2021

Subscribe

Popular Posts

  • 7 Money Traps to Avoid in Your 20’s

    December 15, 2020
  • 5 Books Every Entrepreneur Should Read

    April 7, 2020
  • 10 Money Truths I Wish Someone Told Me Sooner

    January 10, 2021
  • What is a SPAC?

    April 8, 2021
  • Jobs You Can Get WITHOUT a Degree

    February 14, 2021

our favorite investing apps




M1 Finance


M1 Finance is a commission free app that allows you to easily automate your investing.


Get a $30 bonus when you fund your account with $1000+.


Get my bonus


Robinhood


Robinhood is a commission free investing app with no account minimums.


Get 1 free stock when you sign up.



Claim my free stock


Public


Public is a social investing app with no commissions and no account minimums.


Get a $10 stock slice when you sign up.


Claim my free stock

Keep in touch

Facebook Twitter Instagram Pinterest Youtube Tiktok

Newsletter

"A big part of financial freedom is having your he "A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life." - Suze Orman
1 Year = 365 Opportunities 1 Year = 365 Opportunities
Gotta love tax season Gotta love tax season
Go getter Go getter
"I had no idea that being my authentic self could "I had no idea that being my authentic self could make me as rich as I’ve become. If I had, I would have done it a lot earlier." - Oprah Winfrey
Have you tried Public investing yet? How do you th Have you tried Public investing yet? How do you think it compares to Robinhood?
Get $10 toward a free stock when you sign up for Public ⇢ https://arvabelle.com/public
  • © 2021 Arvabelle LLC
  • about
  • press
  • privacy policy
  • terms of service
  • affiliate disclosure
  • contact