How To Get Started Investing With M1 Finance 2019 – The Best The Best Beginner Brokerage


hallo everyone and thanks for tuning
into the channel my name is Brent and
today we’re gonna be taking a look at
the m1 finance platform from the eyes of
a brand new Besser on the platform what
we’re going to be doing is going over
some of the best benefits of the m1
finance platform what they offer and
then we’re going to be jumping over into
the dashboard covering what exactly you
should be doing as a brand new investor
on this platform from the get-go so if
you are brand new to the channel have
not yet subscribed hit that subscribe
button below I cover the stock market
dividends and real estate if you’re
interested in any of those three topics
definitely hit that subscribe if you do
enjoyed this video find a helpful with a
thumbs up and if you have any comments
questions or anything over m1 finance
the stock market dividends or real
estate definitely drop it into that
comment section I will read and reply to
all your comments and let’s go ahead and
get into the video so right off the bat
I want to go over some of the best
platform highlights from m1 finance and
how I’ve been using it the past year and
a half now I was turned on to m1 finance
in early 2018 when they came out with a
notification that they were gonna begin
offering the platform for free that
means $0 trade on stocks and
exchange-traded funds that was a big win
right there
but Robin Hood and other platforms
already provided that service I was
using Robin Hood and Merrill edge at
that time and the second big one that
really won me over with this platform is
that they allowed partial shares I could
own point one ten thousand of a share
with only ten dollars that means over on
Robin Hood and Merrill edge we’re not
had to possibly spend $100 or $1,000 or
$2,000 here for Amazon in july 2019 i
can now control a piece of that company
with only $10 i could potentially buy
point zero zero zero zero zero one share
of amazon and partial shares was a big
winning point for me moving on to this
platform now another thing was
retirement accounts i didn’t have access
to retirement accounts over on Robin
Hood I could use them on their own
agendas
retire
accounts if you want to open up an IRA a
SEP IRA or a Roth IRA you’re able to do
that on this platform you can also
schedule deposits on the platform so if
you know how to budget you’ve set up
your budget you can allocate $10 or $100
or maybe even $500 every single week or
every single month or every day you want
to put some piece of way for yourself
you can do so using the automated
deposits on the m1 finance platform and
the other big thing was the auto
investment feature now m1 finance has an
auto investment feature on this platform
that with only ten dollars or more
cashed in an account it’ll automatically
sweep those funds if you have the auto
investment feature turned on into stocks
within your portfolio or an
exchange-traded fund or your PI based on
the target percentages that you have set
up within your portfolio so those are
some of the big things number one zero
dollar trades on stock and
exchange-traded funds number two partial
shares down to one ten thousandth of a
share number three you can open up
retirement accounts and number number
four you could have scheduled deposits
and number five you could have automated
investing where it would invest based on
your target allocations completely for
free and easy without having a touch or
mess with any of the settings so with
the basics out of the way I’m gonna go
ahead and flip my screen right now and
show you what you should be doing when
you’re getting into the platform to get
started on this platform correctly so
I’m gonna go ahead and flip the screen
right now okay so I flipped the screener
right now and we’re inside the m1
finance platform initially when you’re
sending it for a brand new account
you’re gonna go through and have options
to open up and add an account so in here
you’re gonna be able to open up an
individual investing account which is
basically a taxable account you’re gonna
be able to open up a joint investing so
if you want to open one up for you and
your significant other you can do so
within here it’ll ask for both person’s
personal information before creating the
accounts you can also open up retirement
account so you can open a traditional
IRA a Roth IRA a SEP IRA or you can
rollover in existing 401k into an IRA or
a Roth
arrey of your choice or you can open up
your own trust account so they have many
different options here from a taxable to
retirement into even business accounts
on here with that set buyer right once
you have your account set up here I’m on
the dashboard this is what you’re going
to come to initially now I’ve label
these pretty easy so that you’re able to
see what exactly they are we have the
taxable count and we have the IRA which
is a retirement account now we’re gonna
start off with the taxable account first
now if you’re a brand new one the
platform and you start a brand new
account here what you want to do is if
you started taxable account you want to
deposit $100 that is gonna get you
started on this platform with a hundred
bucks you’re gonna get started you’re
gonna get investing plus you’re gonna
have this ability to also refer out to
your friends your family your co-workers
this platform and right now in July
you’re able to refer and earn up to
$20.00 by you know sign it up through a
referral link or having other sign up
through your referral link you and them
would then get 20 bucks so it’s an easy
way to spread this news and also get a
benefits a win-win for both of you with
an enjoyable platform so it’s a triple
win there so with that said you get $100
deposit into the account you do so by
going into your funding here you’re
gonna have to equip a bank here that
you’re gonna be able to deposit fundings
from and then you’re going to go ahead
and schedule deposit you’re going to go
ahead and schedule deposit you’re going
to punch in your hundred dollars that is
all it takes to get started here on this
platform if you want to set up a
schedule you can do so but just to get
started all you want to do is set up
$100 and go ahead and confirm what this
is going to do is on the next trading
day it is going to take your hundred
dollars and what other funds you have in
your portfolio
whatever stocks you have in your pies or
exchange-traded funds that you have in
this account it’s going to automatically
invest these funds into your account if
you don’t want to do this if you want to
deposit $100 $500 $1000 $10,000 into
this account but you don’t want it swept
into your portfolio yet what you want to
do here underneath the funding tab is go
down and select do not auto invest my
cash and save that what has happened to
me in early 2018
when I was getting started on its
platform I created my retirement account
I put in fifty five hundred dollars and
it was all swept into the account at
all-time highs in January 2018 so I
don’t want you to make the same mistake
I did learn from my mistake whatever
cash you have put it into the account
depositing and turn off that auto
investment feature until you feel
comfortable averaging and dollar-cost
average it in either daily or weekly
until you have your funds completely
allocated into your portfolio now you
can also come down here and set a set up
a schedule if you would like right now
we have one pending activity of a
hundred bucks and we’re gonna go ahead
and leave that as it is
now this portion is done we’ve set up
our hundred dollar minimum requirement
in order to begin invest in or taxable
account and because we don’t want this
may be investing right away we’ve also
turned off the auto investment feature
within the cash balance the cash balance
control system now the next thing is
going into your portfolio and choosing
some stocks do you want to start with
individual stocks or do you want to
possibly start with an exchange-traded
fund
my recommendation again I’m not a
financial advisor or you know any sort
of I’m just a guy out here on YouTube is
to start with an exchange-traded fund
that is something very similar to track
in the market it could be the S&P 500
ticker symbol Vuh which is vanguards SMP
500 fun it could be the total market
Vanguard fund which is DTI they can be
any one of those in this case I have
gone ahead and added SP lb this is the
invest ago SP low volatility fund if you
want to go ahead and change what stocks
are inside your aportfolio you can do so
by selecting edit and you can go in here
and add additional accounts by selecting
or you can look them up by symbol if you
type up top you can type in view add
them into your basket and now they’re
gonna be allocated down here on the
bottom and you’re gonna go ahead and add
these in here now this is where you set
up your talent your target allocations
if you want to be 33% split between each
one of these you can do so either by
selecting on equalizing them you’re
gonna have that one sitting at 34 or you
can go in here and say manually I’m
gonna go ahead and I want the S&P 500 to
be
eighty percent I want Microsoft to be
10% and I want invest go to be 10% it
has to have a hundred percent total
allocation in here and then you can save
this it’s gonna see that your want to
confirm your changes
any stocks exchange-traded funds that
you remove from this portion here when
you’re editing will automatically get
sold out on the next day anything you’ve
added in will just be added into your
portfolio and kind of proceed here now
on the dashboard now because we’ve added
those brand new funds in here we don’t
have any funds in here but you can see
here our target allocations are set as
we have just set them 80% with our
Vanguard S&P 500 fun 10% with their
invested and 10% with our Microsoft fund
so say later on down the line you have
actually wanted to consolidate your
portfolio you are not really interested
in investing in Microsoft or the S&P 500
any longer what you do not want to do is
go down in here and select your position
and sell it off this will not actually
sell this position completely out of
your portfolio say you have $100 sitting
in the SP 500 fun with vou if you go in
here and specifically target that fun
and sell it you’re gonna sell a hundred
bucks but it’s still gonna remain within
your portfolio what you really want to
be doing in here is head back to your
portfolio dashboard select your edit
button in the same way that you added it
into your portfolio you want to remove
it from your portfolio so here for
example we want to go ahead and remove
ville and I’m gonna go ahead and remove
Microsoft as well and I’m gonna go ahead
and select remove now I have to change
the allocation for my SP LV back to 100%
otherwise if I leave this at 99% and
select saved it will not allow me to
save it I have to have this at a hundred
percent and I’m gonna go ahead and hit
save and it’s gonna tell me the exact
same flashing warning confirming me of
the changes anything that I’ve just
entered it and removed will be sold on
the next trading day and they will be
completely cashed out they will no
longer be part of my portfolio and here
I can go ahead and confirm and those
positions on the next trading day Monday
through
Friday will be sold completely out of
the account regardless of how much
equity is in there they will be cashed
out in the only fund or individual stock
that will be in here is whatever was
left remaining within the account which
in this case is the fund s plv so that
is some of the basics of buying and
selling how to deposit fund your account
stop your account from automatically
invested into your portfolio when you
don’t want it now the same features are
available over on the IRA the only
difference here I flipped over to the
IRA now just using this little drop down
here it’s very nice little feature here
is that the IRA it has a minimum
requirement of five hundred bucks so the
exact same process has to be done on
here you have to go over into your
funding tab here we have to set up my
deposit so for example our minimum
deposit here that we can have set is
$500 to get started with an IRA or Roth
IRA or a SEP IRA on this platform you
want to go ahead and confirm it towards
the 2019 year if your starting this if
you’re watching this video in the future
anywhere from January through April
fifteenth of the full end of the current
year you will have the option to invest
and deposit towards the past year so if
it’s January 1st 2020 and you’re looking
to get started here on my finance you
can actually back target 2019 up until
April 15th when you do your taxes that
year so that’s a great thing of there if
you’re getting started in 2020 you can
actually make 6000 towards 2019 6000
towards 2020 for a total of 12,000
dollars being invested into the market
so here I only need $500 to get started
in this retirement account I’m gonna go
ahead and deposit 500 bucks and I’m
gonna go ahead and continue and confirm
just like what we did on the tax pool
side we’ve set the minimum up to deposit
within this account and the next thing
that we want to do is we may not want to
be investing at all-time highest maybe
we want to dollar-cost average into the
market again you want to go in down here
and turn off the auto investment feature
and save it okay from this point we’re
gonna be jumping back into our portfolio
and doing our first buy how can we buy
on the m1 finance platform
so jump over to your portfolio tab now
there’s a few different ways to buy here
on this platform
first if you have ETFs that you have
already funded into your accounts such
as I have here you can see that the
equity in this portfolio jumped from 0
to now 501 dollars and 43 cents I just
made a video a few weeks ago with my kid
this account will be used to teach him
how to make his money make more money
it’ll be also used to teach them how to
invest in the market not be scared of
red days take that as a discount but
that is beyond the point let’s go ahead
and go back to buying our portfolio now
if you want to buy your total portfolio
down here underneath the portfolio tab
you’ll have the option to buy and sell
now by doing this option you are body
you are buying all of your portfolio
your equity here that you add towards
these funds will be split up based on
your target percentages and their
current equity so if you add a thousand
dollars into this account it’ll try and
target you’re underweight positions
bring in them up to their target
percentages as much as it can now
sometimes you do not want to be doing
this function and if you go in here and
you only have three dollars sitting in
the account and you try and save three
dollars they will not let you do this
you have to make a buy order of at least
ten dollars and you’re able to confirm
it even though I only have one cent
students account and one Finance will
let me invest that one cent it will
actually go through I have a few videos
here on the platform of doing that whole
process where I use change to buy one
ten thousands of a share here on the m1
Finance platform now say you bought your
portfolio but you don’t actually want to
buy your portfolio you have an
opportunity in your portfolio to buy
something that is negative at a discount
in your opinion it is a discount instead
you go up here and you click cancel and
now your buy order has been cancelled
buying your total portfolio instead if
you have stocks individual stocks if you
have ETFs or if you have PI’s you can go
in here in deep dive into your PI’s to
select your ETFs or your individual
stock
or for example I only have two ETFs
within this pine or this portfolio so I
can see here that the investigate
is positive here at point zero six
whereas my s PhD fun there is down three
point four six so what I can do here is
I want to go ahead and lower my unit
costs increase my yield on cost and
increase my overall dividend income
averaging down on this specific ETF so
what I can do here is I’ve selected that
specific ETF the ambassador Co S&P 500
high dividend low volatility fund and I
can go ahead and select buy and sell in
here and again we have to make a minimum
by order of ten dollars we can go ahead
and hit continue and confirm now back on
the dashboard on our portfolio you will
see here that we have some estimated
trades you’ll see a little indicator
here that the trade is going to be
buying s PhD now we are not buying our
total pi we are specifically targeting
one ETF within this portfolio again if
you had a PI that you had multiple PI’s
here within your portfolio say you were
had your portfolio built up by sectors
you could go into that PI target the
specific stock target the specific ETF
and do a buy order for that specific
fund or single stock so it works the
exact same way so this is how you would
buy your dip discount within your
portfolio as long as it you believe then
that company so that is it as far as
buying on the m1 finance platform so
that is pretty much all I wanted to
cover as far as the main dashboard goes
we’ve sorted we’ve already covered the
main platform highlight so number one
zero dollar Commission’s on stocks and
exchange-traded funds number two you can
use partial shares with ten bucks you
can own Amazon Google Apple you’re not
pigeon holed into buying stocks that are
– your price you if you only have
hundred dollars or so to deposit into
your account once you’ve allocated that
hundred dollars that five hundred
dollars into the taxable and retirement
accounts you can
then set up automated deposits of $10
and you can have that automatically
investing to portfolio all our cost
averaging for you every single day every
week every month using partial shares
number three you could open up
retirement accounts so if you’re looking
to get starting your very own IRA Roth
IRA you can do that on this platform
number four it you can set up deposits
weekly deposits monthly deposits daily
deposits really easy on this platform
and the fifth incentive is that you can
set up the auto investment feature so
now that you have your cash invested
into the market you have your initial
hundred you have your initial five
hundred you set up a schedule of
depositing ten dollars every week you
can go in here turn your auto investment
feature back on and by doing this every
week that you add ten dollars it’ll
automatically allocate into your
portfolio based on the percentages that
you have set on your dashboard so if you
have 50-50 split between the S&P 500 and
the total market fund and the S&P 500 is
up ten you know five percent at fifty
five percent target allocations of fifty
and the other fund that you have in
there is forty five percent at a 50
percent allocation it’ll automatically
dollar-cost average into your lower fund
in order to bump it up and make it the
50/50 split target allocations between
those two funds so that is it for
today’s video guys I hope you guys have
enjoyed this platform this whole
overview of getting started with m1
finance don’t make the mistake of having
your total funds automatically invest at
at all-time highs use dollar cost
averaging to your advantage turn off the
auto investment feature and take
advantage of what m1 Finance has to
offer if you are looking to get started
on this platform I do have a referral
link down the description below
it does help out the channel so if you
are brand new to the channel have not
yet subscribed I would HIGHLY appreciate
if you do go down there smash that
subscribe button
again I cover the stock market dividends
and real estate if you’re interested in
those topics hit that subscribe if you
did enjoy this video find a helpful a
the thumbs up and if you have any
comments or questions drop it into the
comments section I do read and reply to
all your comments and thank you all for
watching I will see you next time
have
by

4 thoughts on “How To Get Started Investing With M1 Finance 2019 – The Best The Best Beginner Brokerage

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  2. Thanks for a clear overview of the M1 platform. It's great for long term buy-and-hold, but may not be optimal for trading. Each time I've removed a slice (or position) from the portfolio, the proceeds will be automatically invested in other slices based on the set percentages. This is despite the Cash Balance Control being set to "Do Not Auto-Invest."

  3. Very well explained.👍 In my experience with M1 Finance the one time window to invest could improve. We can't have it all I know. lol. It is good for long term investments though.

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