Getting Started with M1 Finance: A Complete Guide

04/24/2023

Disclosure: This article may contain referral links, meaning I may receive a small commission at no extra cost to you. I only recommend products and services that I have personally used and believe are valuable, not solely because of the commission I may receive. In addition, AI tools including ChatGPT have been used to create portions of content on this website.

Learn Everything You Need to Know with This Complete Guide and Step-by-Step Tutorial

Hey there, if you are looking to take control of your finances and investments, I have a great resource to share with you. It is the M1 Finance COMPLETE GUIDE | Step by Step Tutorial on YouTube. As a long-time user of M1 Finance, I can vouch for the excellence of this tutorial. Whether you are a beginner or an experienced investor, you will find value in it.

M1 Finance has quickly gained popularity as a leading investment platform for both beginner and experienced investors. With its unique features, such as fractional share investing and dynamic rebalancing, M1 Finance has disrupted the traditional brokerage industry and offered users a streamlined investment experience.

This tutorial covers everything from the basics of opening an account to building your portfolio and even automating your investments. It is presented in a conversational and easy-to-understand format, making it accessible to everyone. You do not need any prior investing experience to benefit from this tutorial. Give it a watch and take your first step towards financial independence!

Trufin also explains how to create a pie on M1 Finance by selecting different stocks and funds. Pies can include one to a hundred stocks, but it is recommended to limit the number to manage the portfolio effectively. Users can search for stocks using filters or the search bar, and once they find the desired stock, they can add it to their basket. Trufin also discusses the Expert Pie section, which is a good option for those who are not interested in picking individual stocks and have specific criteria they want to meet. The Expert Pie section includes options for general investing, planning for retirement, responsible investing, income earners, hedge fund followers, and stocks and bonds.

Takeaway

• M1 Finance is an excellent platform for beginners and experts alike. It is easy to use and allows users to build custom portfolios using fractional shares.
• M1 Finance offers commission-free trading and no-account minimums, making it accessible to a wide range of investors.
• M1 Finance's "pie" feature allows you to create a custom portfolio by selecting individual stocks and ETFs and assigning them a certain percentage of your portfolio. The platform then automatically invests your money according to your desired allocation.
• You can create a pie chart with up to one hundred slices, and each slice can be a stock or ETF. Once you have created your pie chart, you can easily add or remove slices as you see fit. This allows for a diversified portfolio with ease.
• M1 Finance charges no annual fees for basic investing, although some advanced features like borrowing may incur fees.

Overall, the tutorial provides a detailed and informative overview of the M1 Finance platform, making it a helpful resource for anyone interested in using the platform to invest in the stock market.