If you don’t know what M1Finance is or do know, but are not using it you’re making a mistake IMO.
There are a number of benefits of using M1Finance whether you have a large portfolio or a small one. It’s automated, customizable and allows fractional share investing.
Here are a just a few of the specific benefits available when you join for free:
• Start with just $100
• Create specific set of portfolios with different criteria for addition
• Automatically allocate percentages (or change them) to each stock in each portfolio
• Automatically re-balance your portfolio at any time (only large funds and institutions have had this kind of power previously)
• Automatically add funds to your portfolio on a schedule you set (or add any time)
• Easy to use interface with multiple portfolio customization features
• Easy sharing of your portfolios with friends
• And more including,
• Debit card plus additional bene’s (M1Plus / Spend account required)
Who is M1Finance?
Partnered with https://www.bankrate.com/banks/lincoln-savings-bank/589943/ 4 star rated bank on Bankrate.com
Founder: Brian Barnes, Economics (Stanford, 2012), Series 24, 63, 7. Started M1 2015. https://www.m1finance.com/blog/author/bbarnes/
Articles: https://www.chicagobusiness.com/html-page/845861 (Mother was CEO of Sara Lee; father, treasurer at PepsiCo)
Finra BrokerCheck: https://brokercheck.finra.org/individual/summary/6546822
Here’s my Speculation Pie (beaten up stock strategy) on M1: https://m1.finance/Iq8_2woCi
When you share a portfolio (or ‘pie’ as they call it) it does not show your balance in that portfolio but will show which stocks you’re invested in, the percentage allocations, and the current performance (select daily or weekly to get an accurate performance stat if the portfolio is relatively new).
Check out M1Finance and let me know what you think…