How to Use M1 Finance: Avoid this Costly Mistake

Описание: I'm about to save you from a tax headache that I unfortunately had to learn the hard way.

I also go over how to use M1 Finance, diving into the basics of the platform... from account setup to an explanation the most common pages.

After watching this video you'll have a very good understanding of the platform. And be sure to watch until the end for the bonus tip.

I mean, you could just jump to the exact spot by going to the timestamps I left below, but that's like jumping to the end of a movie... you miss the build up.

🔴 Subscribe to Join the Wealth Building Journey:
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🔴 Use My Exact Factor Investing Portfolio:
https://bit.ly/FactorPortfolio

The number one idea that I want you to take away from this video is to invest consistently. Use the automated investing setting that M1 Finance provides and just let it do the work.

Also, really think about if you want to invest in a taxable or non-taxable account. I chose to invest in a taxable account because I didn't want to be limited in what I could contribute and I don't want to wait until 59 and a half to retire.

🕘 Timestamps:
0:00 - Video Start
0:14 - Importing the Pie
0:50 - Was There a Problem Importing the Pie?
1:44 - The Portfolio Section
2:14 - What Does the Portfolio Rebalance Button Do?
3:02 - Are You Investing in a Non-Taxable Account?
3:26 - How to Edit Your Allocations
5:28 - The Activity Section
7:43 - The Holdings Section
9:24 - The Funding Section
11:50 - Bonus Tip Because I Think You're Cool
12:51 - The Wrap Up

The last thing I wanted to mention is that building wealth is a slow and boring process. Please don't get tempted by the flashy lights of trading... investing is what 99% of folks should stick with.

The style of this video is similar to Ryan Scribner and Joseph Carlson in parts. A large influence on this series has come from content creators like Graham Stephan and Andrei Jikh.

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🎬 Playlists That You May Like:
Personal Finance:
https://bit.ly/ElevatePersonalFinance

Live Abroad to Retire Early:
https://bit.ly/LiveAbroadRetireEarly

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📸 Join Me on Instagram:
  / johnathoncase  

DISCLAIMER:
Always do your own due diligence. Anything expressed in this video is not to be considered legal or financial advice and is for entertainment purposes only. Any ideas are my own and are not investment, tax, or any other type of advice.

#howtousem1finance #m1financetutorial #m1finance