M1 Finance Just Beat Every Other Brokerage (Massive Update)
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- Опубліковано 29 чер 2024
- M1 Finance just massively changed their premium service! It went from something worth avoiding to now being the best premium brokerage membership value in terms of bang for your buck. The main reason is because they cut their price to a small fraction of what it was, undercutting other popular offerings like Robinhood Gold. Now it's a real consideration in the space pf premium investing. Are the features worth it to you?
March 15, 2024 UPDATE: They just made it even cheaper! Crazy, here's the update video on the latest changes: • Now M1 Finance is TOTA...
Video on M1 Credit Card: • M1 Finance Credit Card...
📈M1 Finance Investing: (Get up to $100 when you start investing today! eligibility requirements apply To get it, invest at least $100 in an individual account or at least $500 in a retirement account)
m1.finance/td-bpuTpiT9T
⏱Handy Timeline:
0:00 Intro
0:44 Best Feature
1:36 Multiple trade windows
2:04 Crypto on demand
2:14 Custodial accounts
2:23 Borrow rates
4:03 Owners reward card
5:35 My actual benefits of M1 Plus
7:30 How much to deposit to get it for free
9:14 Secrets
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📈M1 Finance Investing: (Get up to $100 when you start investing today! eligibility requirements apply To get it, invest at least $100 in an individual account or at least $500 in a retirement account)
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March 15, 2024 UPDATE: They just made it even cheaper! Crazy, here's the update video on the latest changes: ua-cam.com/video/GreA9_hVUGg/v-deo.html
M1 FINANCE IS AMAZING, I have almost just about 15,000 invested in a taxable account meaning I can literally borrow $6,000 we with no credit check and only pay $37 per month in monthly payments and also the rate being below prime rate
I love m1🥰💞
M1 Plus looking a lot more attractive to me now. Love how they gave us M1 Plus for free for 6 months to try. Horsepower!
🙌 6 months is pretty awesome when they could probably get away with 1!
M1 for the win 🤑
W Video
Do we know when the EARN HYSA will be available again for M1 Finance? I signed up in 2023 and am eagerly waiting. Thanks for the great video!
I just double checked my account now to make sure I’m not crazy and mine is working. Have money deposited and earning interest. But I also have M1 plus…maybe that has something to do with it? Do you not see the option at all?
@BrendanEvan Yes I have plus the entire time. But M1 still has earn on freeze for new customers. Maybe you can find additional information?
Your last video convinced me to switch over to Robinhood 😅 I think these updates to M1 are in the right direction but still seem limited. Hopefully my transfer from M1 to Robinhood is smoother than your experience
Ha, they keep battling back and forth with each other! Yeah I have a video coming out soon discussing that transfer issue!
Love me some Robinhood!
Love Robinhood
Wonder if I should stick with prizepool. Paying $100yr (now 120) for 4.x% apy but chance to win prizes. Not sure that evens out
Yeah it has to make sense for you, I still have Prize Pool too. Then there are totally free options like Webull with 5% cash management or just buying a CD for 12-36 months and locking in a high rate before they come down...someday.
Prize pool has pretty much turned into $1.10 each Friday 80% of the time with maybe 1-2 times higher and the rest extra points. I don’t pay for their stacked option and it seems I’m less likely to win much since they started offering it. Im not closing it but I’m reducing my cash held there. Was definitely more fun before they added a paid option.
I recently purchased Bitcoin through M1, and the price at which I bought it was more than $1,000 below my "share price." This implies that my buy rate was significantly higher than it actually was. Also, the app's calculation of my returns, both positive and negative, doesn't seem accurate when comparing the share price it lists to the actual market rate. I understand factors like actual purchase price, spread, fees, etc. can impact the figures, but the difference appears significant. Thoughts?
Sounds like a great question for M1 Finance support, sorry that’s happening
Yes to race car
🏎️
I appreciate your perspective. However:
1. Other banks offer savings account rates at or above 5% and they don't require you to pay $36/year
2. M1 offers poor order spreads, anyone trading enough to care about additional trading windows should likely be using a trading-friendly platform
3. Other platforms offer free crypto trading and they don't require you to pay $36/year
4. There are incredibly few situations in which you could financially justify borrowing against your stock portfolio
M1's free percentage-based portfolio is great and probably the best available, but this video feels more like an ad than an actual analysis of the value it provides
I wish it was an ad, then I’d have made money on it! There’s definitely other options that cost less, I mentioned WeBull for example.
This is only so funny now that they have force closed the M1 Credit Cards on a bunch of people if not all over the next few weeks. M1 is trash. They have no support and no direction. The offerings are in a constant state of flux which is not good for an investing/finance platform. They are horrendous in all areas outside of the idea of using a pie. Wow! I just cannot imagine why another broker couldn't copy that design...
I'm very, very hesitant to move money around unless there's a very, very, VERY good incentive. And this change isn't good enough for me. That trade window is weird and fishy. It's like a mutual fund. 😂 You can buy stocks only twice a day? Huh...
I think that’s a good policy to not move money around too often
No more "Plus" membership? $3 a month fee for my kids Roth IRA's (less than $10k). Fees like this is why I choose M1 in the first place. Now they are charging them. Is Vanguard the place to go to avoid these fees?
Literally just recorded a video about this. Hang tight, posting in the next hour or so
Video is processing. UA-cam says 4k will take 70 minutes but I think it normally is quicker. May publish it before then just to get it in your hands even if its 1080. 👍
Edit: set to publish at 11:31am...in 14 minutes
hopefully M1 doesn't bail on me lol. I get nervous because I have a large majority of my net (roth,crypto,monthly investing account) on there that I've been reoccurring into for 3 years now My biggest fear is in like 20 years from now I see M1 is a scam and my life savings are gone lol
Don't forget that SIPC Insurance is a thing! It won't help with crypto but otherwise, even if M1 fails you should be covered. Here's a lot more info: www.sipc.org/for-investors/what-sipc-protects#:~:text=SIPC%20protects%20against%20the%20loss,a%20%24250%2C000%20limit%20for%20cash.
What a herb
I have an M1, and Fidelity. I’ll probably be closing my M1. To much bs, and horrible customer service. I hate there is not a phone number to call for help. Fidelity has someone you can actually talk to, and extremely helpful and knowledgeable.
i just did tranfer to fidelity today and got a rention offer, but won't change my mind. Most of my accounts are with fildiety and they support the auto invest with stock/etf as well, which is what I need.
This hasn’t aged well.
lol new video is going live in 10 minutes on the update they just made this morning
March 15, 2024 UPDATE: They just made it even cheaper! Crazy, here's the update video on the latest changes: ua-cam.com/video/GreA9_hVUGg/v-deo.html