45 thoughts on “M1 FINANCE REVIEW πŸ“ˆ My Favorite Investing Platform!

  1. SKIP AHEAD HERE
    1. What Is M1 Finance 1:36
    2. What Are The Investments 4:41
    3. What Are The Requirements 6:52
    4. What Are The Fees 7:11
    5. Pros Of M1 Finance 8:05
    6. Cons Of M1 Finance 12:24
    7. Who Is M1 Finance For/Not For 14:24

  2. Wow, this is so awesome! Such a pity it's only for Americans, if only this was offered in Europe as well, I'd switch in an instant.
    I'm still a beginner and with my small investment budget ($4k) the fees are really eating into my profits. For me making a purchase for less than $1k makes no sense due to fees, and because of this, reinvesting dividends is basically impossible, since I need to wait till I accumulate the next $1k to make any sort of new move and as you can guess the dividends from a $4k portfolio aren't anywhere close to $1k, so I basically get next to no compounding effect.

    This app has to come to Europe to disrupt our market!

  3. "Investments are not FDIC insured and may lose value. Please consider your objectives and M1 fees before investing." Right on their website

  4. how are your accounts protected…insurance of any type ( like FDIC as in bank accounts)? how do you know you are protected if they go out of business/bankrupt/"shady" business etcc

  5. Does anyone have a link to a video/channel for new investors? Or maybe a book for beginners? I want to learn all I can before starting with M1.

  6. Can Canadians subscribe? Does M1 provide income tax info usable for Canadian investors. How long does it take to transfer funds between M1 and my bank accounts?

  7. Well done Ryan.Β  I have an M1 account that I open early last year.Β  It has worked very well so far.Β  Planning on opening a Roth with them next year.

  8. I tried Robin Hood and M1 and I seriously dislike M1. Too slow, endless waiting for transactions and it just pisses me off to see all this waste of time (and $) while the stock market is making money without me. Thumbs down for M1 !

  9. Ryan, thanks for doing an in depth review. What is your referral code? Wanted to make sure it went thru.

  10. M1 FiBeware: M1 Financing is Shit! Yes, it’s pretty and gift wrapped; but they don’t execute bids when the market opens. They hang your azz out to dry until the market rebounds and then execute and you end up with stocks you could have got for half the price you end up paying.nance

  11. M1 Financing looks like a very interesting tool, however, the fact that it is limited to only US citizens and residents makes it unusable for me. Can you please recommend an investment platform that can be used by non-usa citizens / residents that can also be used for tiny investments? (so no minimum and low/no commission)?

  12. I would love to see some suggestions and reviews on platforms for International customers, I am currently using Ameritrade…

  13. what about stocks that have dividends? does the company distribute dividends into the subscribers account?

  14. Iam kinda leaning towards a discount broker. Do you recommend this maybe after I have some experience first?

  15. My question is: What happens to my fractional shares if M1 shuts down if I own fractional shares say in Amazon through M1?

  16. Great Review. If MI won't hold cash how is it distributed…. dividends, interest, etc. How often can member re balance the account replacing on stock with another?

  17. Your information is very good. A suggestion is to develope a more conversational style of speaking and varying your pitch, power and pace. You tend to use the same verbal gestures, which after a while, become monotonous. Just a word of advice from a listeners perspective.

  18. Just created an M1 account a few days ago. It's nowhere near as easy to use as Sharebuilder back in the day (I started a Sharebuilder account back in 2003, before they got bought by Ing, before they got bought by Capital One, and before they got wrecked by E*Trade). Still, since Sharebuilder is now long gone, M1 seems to be about the only platform left that allows fractional shares to be purchased at a reasonable cost for the casual investor.

  19. Interesting. I’m 23 years old and I have not invested in anything. I don’t know anything about stocks , mutual funds , bonds and Exct. I’m just starting so much information, I just don’t know where to start. Any good books or resources for people like me?

  20. This what I been looking for and very interested. Thanks to the people in the comments of the Betterment review by Ryan , he is giving us what we ask for and helping us very much with these reviews. Thanks again Ryan. Salute!

  21. Watched your video on M1 Finance. Looked interesting. Tried to fund my account twice. No luck. Emailed support. No response.

    I have two accounts. One with TD Ameritrade and the other with Schwab. Have never had any issues.

    My experience with M1, I would worry about getting money out if I am having so much trouble putting money in.

    Maybe free is too good to be true.

    Just thought I would give you some feedback.

  22. I amΒ  seriously considering using M1 based on your reviews of the app, but I am still concerned about what happens if M1 (or any of the other investing apps) go out of business. What happens to your money then?

  23. I'm 22 I don't really know about taxes I looking to open a account but what do I do every when it's time to file my taxes. I get my W-2 and file already but how do I do my taxes for M1?

  24. Excellent video Ryan! I'm completely new and just getting started into the whole stock market thing; it was simply not something I ever thought I would even bothered due to all the complications out there. Luckily, through random exposure to some CNBC video I accidentally clicked was the first time that I've heard of Robinhood, which got researching all I can, and I've learned more through your videos than I ever would through the 4 years in college finance class. I do have one question though regarding M1Finance: you mentioned a lot about compounding interest, and the best way to compound interest is through reinvesting your dividends, so does that mean selecting the "Auto-invest all of my cash" under "Cash balance control"? When I think about it…wouldn't it be better we select "Auto-invest my cash over a set amount" and inputting "$1" into the field instead of the default "$10" as the lowest amount for reinvesting? I'm sorry if there is something I'm missing here or not understanding of why "$10" when "$1" would automatically and immediately reinvest the funds within our account back into our pies? I'm still trying to get my feed wet into the world of trading and investing so thinking makes me think there might some hidden reason a newbie wouldn't know. Thanks!

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