You NEED to know this if you invest with M1 Finance
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- Опубліковано 25 лют 2023
- M1 finance is a brokerage that is different from most other brokerages out there. I would not recommend using M1 if you plan to actively trade in and out of stocks and ETFs. M1 is ideal for those looking to automate their investing by dollar cost averaging in commission free fractional shares. M1 is the ultimate set it and forget it brokerage account for your average person looking to invest long term.
(1) Who should NOT invest with M1 4:57
(2) Is my money safe with M1 5:37
(3) High-yield savings account coming in 2023 7:58
(4) Portfolio modeling 9:46
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My dividend growth portfolio: bit.ly/M1portfolio
Vanguard economic and market outlook for 2023: • Vanguard economic and ...
JEPI pays my mortgage every month: • JEPI pays my mortgage ...
The simple path to wealth with dividend investing: • The simple path to wea...
How to invest based on your time horizon: • Dividend ETF Portfolio...
What most dividend investors get wrong: • What most dividend inv...
I'm not a financial advisor and the content discussed today is merely my opinion and intended only for your entertainment. The content expressed in this video should not be considered as professional financial advice. Some of the links above are affiliate links and come at no cost to you.
#DividendGrowthInvesting
![M1 Finance Review [2024] - Investing Made Stupidly Simple](/img/n.gif)
Have a great week everyone!!
Try M1 Finance: bit.ly/TryM1Finance
How to transfer to M1: bit.ly/TransfertoM1
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Instagram: instagram.com/dgi_jake/
Dividend Reinvestment Calculator:
docs.google.com/spreadsheets/d/1W8UvXLZdEpVX-UPTKiHIT1oYIkj7Omvf30FgB3FTKWY/edit?usp=sharing
M1 is great for those fractional share of ETFs like voo
seems odd they have hundreds of millions of insurance per customer yet, on the website it says only $500K 🤔
I like m1...just wish as soon as put money in buy instantly not wait till the next day...my only criticism
yeah it definately takes time getting used to that.
This used to bug me too, but at some point I figured I am putting money in every Monday, the sticks get bought Monday morning. These are not the companies I am trading, so it does not really matter. Those assets are in different accounts with different brokers.
Jake you’re such a dork man, I love it.
Lol :D
I have my taxable dividend portfolio with m1 and my Roth with vanguard. Vanguard has amazing customer service And have been updating their app recently and the UX is getting better and better. would you recommend staying with vanguard or moving my Roth over to m1. I really love the pie charts and ability get precise allocations of my positions, however with vanguard it’s also nice to simply DCA into the money market account until I have enough to buy a whole share
Jacob- how is the customer service with M1 finance ?!
Every time I call Fidelity - I”m speaking with a kid that doesn’t know the answer to my questions !!
Everyone on UA-cam discussing stock, ETFs and financial planning are using M1 finance
Thank you 🙏
I have had bad experience. I tried open one couple years ago. Recently tried again to open a retirement. They asked for statements etc. Sent. Called them. They acted silly on the phone. But said would be transferred in few days. Next got a email reasking. Tried recall and said reply to messages. Never was able to although others may have better luck
I gave up again. So sticking to ib. But wanted a specific retirement. But whatever.
M1 finance high yield is 5% for $3 a month for the plus account
Jake, do you think voo and vgt is too much tech exposure? Maybe vug or vti to replace the other?
I recently emailed m1 to remove security lending. I saw on this year's tax forms substitute payments from lending and they are taxed differently than qualified. That isn't good so opt out of that as soon as possible to save money on taxes.
That funny clip…was the highlight of my day🤣
Suggested M1 Finance to my friend who was looking for a new platform. He told me it was the best decision he has made so far in 2023!
I love the way M1 looks and works for the most part but just cant keep all my $ with them
I love those clips
:D
Hello Jake; great content as usual. Do you have a video detailing your REIT investments?
Hey! I've talked about it in the past, but I have made a few updates since those videos. I will make a future video outlining my entire REIT positions. You can see my current holdings here: m1finance.8bxp97.net/7mZ32O
Thank you sir!
Question, what is the purpose behind having seperate real estate and stock portfolios? Is this simply to get an easier grasp on the dividends / tax implications of each or is it just preference?
Is this spreadsheet still available?
Jake, I’m assuming you being barista retired, you’re doing weekly - monthly withdrawals. Are you paying 100 for their withdrawal fee, is this true, they charge 100 for withdrawal? Seems a little much, how is this better than just making a regular withdrawal from the other bigger financial institutions? Thanks!
I don't pay any fee for a withdrawal of my funds to my checking out.
Lol. We like the funny clips too. 🤣
lol!!
The funny clips are one of the best parts.
M1 needs to give this man a raise
:) thanks for watching Caleb!
Quality as always Jake 🔥
Thanks man! Appreciate you stopping by!
This is so important.
Knowing that your money is safe with a brokerage company will determine whether I open an account with them or not.
That was the most important thing for me!
It would he kind of interesting to hear how many individual companies we should have in our portfolio
As many as you fully understand, so very few.
One of your top meme clips lol!
lolololol
I'm so excited for the HYSA! My credit union's interest rate is abysmal.
Has your opinion on M1 changed now that they are ditching Apex?
Not at the moment. lol I wasn't the biggest fan of them sponsoring that nicki minaj music video...
M1 does not offer Treasury investing. Yeah, they have Treasury ETFs but they are garbage. Much lower interest rate returns term for term and they all charge a fee. Was very disappointed when I discovered this.
I use M1 as both my primary bank through spend and my primary brokerage through invest. I can't wait until the HYSA is released so it frees up some of my spend accounts. I use them in a similar way people use to use envelopes to make budgets.
They make it so easy to simplify everything together.
Now we’re all waiting on your course, Jake 😂
edit: at least we know you can swim 🤣
Is that a Custodial Account for your kid or just another taxable account under your name?
Thanks for sharing! Can you share which stocks or ETFs in your portfolio were qualified, not qualified etc?
All the stocks and ETFs in my Cash Flow portfolio are qualified except for JEPI and JEPQ - which are non-qualified. All the REITs in my Real Estate portfolio are non-qualified.
Amazon Prime Music is even worse than UA-cam Music.
lol
Bout time they come out with the m1 high yield savings other accounts going to be 4 percent or more making this less attractive
Yeah the rates are changing so fast it feels like a month goes by and its completely out dated...
M1's Save account is going to have to do better. Vanguard's cash sweep MMF has a 7-day SEC yield of a little over 4.5%
Yup! Thanks for watching Aren!
But that fund has an expense ratio of 0.11%.
FYI, I reported and blocked your imposter on Instagram. When he messaged me talking about trading Bitcoin, I said that's not the Jake I know.
Thank you!! I tried to find the account but couldn't see it so I guess it get deleted.
Jake, thanks for the video. Great stuff! Are you concerned that you have your REITs in a taxable account? Most say to put them in a qualified account for tax efficiency.
Jake, I bought dgro finally. Took me forever to pull the trigger but I think I understand enough now. Im in voo schd dgro and vgt for now. Thanks for answering my questions about these throughout the videos. Im still a little unsure about the percentages, I don't have m1 so I just need to sit down and do the math for now
Some really great ETFs! Makes life so easy when you keep it simple!
Do you also host Official JaguarGator9? If not, you guys sound exactly the same.
Nope. I'll check him out
I can’t wait for the high yield savings account! Very informative & comprehensible thank you
Same!! Thanks for watching!!
I just consolidated my individual and retirement accounts with Fidelity late last year, otherwise I'd gladly move over to M1 based on the services they offer.
Fidelity is also a great option. I've used them with employer 401K plans in the past.
@@DividendGrowthInvesting i really like fidelity the dividend comes in fast and transfer are faster also
Wow then I am ultra aggressive 😮
:D
Good job Jake! , I've been a dividend investor due to your videos -
I like to see other investors spreadsheets and how they keep track of their investments. I always look for interesting things to track.
I can say doing research like on Seeking Alpha and keeping up with analytics with spreadsheets can be a full time job. I know some days I have to put it away. I just have to know I have good investments and have to have faith in them.
I’m not part of M1 but it does look neat from what you have shown. Maybe one day someday. Thanks as always for you videos and insight.
Is your dividend growth portfolio in a IRA or taxable account? In a taxable you can contribute more or are you using the a roth ira to reduce the taxes?
I don't like micro building positions so M1 doesn't really suit my building style. But i see the appeal. You're basically laying out your own etf and M1 does the balancing.
When it comes to brokerages and the safety of your assets, i think it's important to remember that if you're a shareholder, you're in the books as an owner of that company. So as long as you're not doing anything sketchy with your shares, it doesn't matter particularly which brokerage you use. The record of your ownership exist outside of the brokerage. It will just be hella annoying to deal with getting your assets on a new platform
Great video, it would be great if you can do a video of principal erosion. What i mean is like in Jepi and Jepq if you spend all the monthly distributions, within time is your original capital loss value? Also it would answer the question for CEFs like UTG and BST
Love the videos Jacob 😁👍🏻
I have a high percentage allocated to ETF’s and a low percentage for individual stocks that i like.
Started using M1 since Nov last year, loving it.
I will say, since the M1 HYSA announcement, there have been 2 rate hikes. Other banks I've seen are at 4.1% now. Hopefully M1 increases too, otherwise I imagine most of us will keep our emergency money in the current accounts.
That makes sense. I think th ey will likely only offer around 0.5 - 0.75% higher rate with theirs.
M1 has unfortunately gone from ahead of the competition to playing catch-up. Hopefully they get their act together, it’s getting tougher to justify Plus membership
I love M1, the pie chart and percentage allocation has been something I love tweaking around with. It's one of the best brokerages in my eyes.
same here!
The John Wayne clip was hilarious
lololol!!
😂😂😂😂👏👏👏👏👏
lol :D