M1Finance Tutorial📈How to Open M1 Account🤑Using M1 Investing Platform
Автор: Make / Save / Invest
Загружено: 2020-09-03
Просмотров: 842
Описание:
00:00 - Intro
0:44 - How to open m1finance account
5:02 - Using M1Finance
9:10 - M1 Automation & Pies
9:58 - Why I opened M1Finance account
📈Webull (get your 2 free stocks when you open and fund the account with $100): https://act.webull.com/k/e7s9dUVeE3lV...
📈M1Finance (get $10 when you open and fund the account with $100): https://m1.finance/Yh794DAif4KI
🌐Blog: https://finance2025.blogspot.com/
📚Get my new book “Becoming Financially Free”: https://www.amazon.com/gp/product/B08...
📚Book: “Making Money While Sleeping”: https://www.amazon.com/Making-Money-S...
👉This is a M1Finance tutorial. First we will open the account, then once inside of it; we’ll go over how it works.
I’ll tell you the pros and cons about the platform.
And at the end of the video I’ll add a few thoughts on why I picked this platform, why I bought the companies I bought and why it is so important to understand the world has changed.
Disclaimer: I don’t work for M1Finance. They don’t pay me to say this. I wish they paid me but they don’t.
I’m sharing my experience opening the account and using the account after opened.
👉How to open M1 account
Let’s open this account together!! And see how it goes!!
👉Using M1Finance
Once the account is opened. You can see stocks, you can research them. M1Finance provides graphs with the lines going up or down so you know how companies are doing today or how they have done in the past.
As you see on this graph 1 year return, 2 years return and 5 years. The percentage growth next to it and on top here the 52 last weeks value range.
But what M1 is really big on and I had never seen before in other investing platforms were the pie charts.
It was a real mind opening seeing a new approach to this.
As you see here the companies I picked. The percentage chosen for each company and what is the portion they take or represent on the pie chart.
You pick the companies you desire. This is my watch list example here.
You choose which companies you want to put on the pie. On this sample we have Amazon almost $4k a share, Google reaching for $2k per share and even Apple and Tesla after their share splits are still not just pocket change. At least not for most regular people.
👉Thoughts to consider
And this is the reason I opened the M1 account. M1 supports fractional shares. You can invest any amount of money, big or small.
And there is no limitation with change. With M1 you don’t need to own 1 or 2 shares. You can 1.1 share. Or 1.71 of shares.
This way you can reinvest any amount of money and don’t have to wait to accumulate $132 to buy a portion of Apple or almost $4k to start owning Amazon stock.
After you picked the companies you desired they will be shown on your pie as you see here.
Then there is the percentage down here, you just increase or diminish it.
It is very easy, not confusing. The total amount of the pie will always be 100%. If you are under or over it does not let you save your changes.
👉M1 Automation & Pies
M1 is real good for automation. You can set it up and if so desire automate account deposits, weekly or monthly. Anything you want.
Once you choose the companies and set the percentages. Automation can keep following your instructions and take care of everything for you.
As I mentioned earlier M1 is real big on pie charts. You can also have pies inside pies.
And you can also invest in a pie that is inside a pie!!
Thanks to technology and companies innovating today we have free trades and investing is more accessible than ever before.
👉Why I opened M1Finance account?
Fractional shares is the reason I opened this account. I want to be invested in some of these companies that cost so much money without selling any of my current positions to be able to afford it. And it does not seem that their prices/valuation will go down anytime soon.
Some of these tech companies are part of the new planet we live on after the beer bug.
Just like we have AC and BC, after Christ and before Christ we now have BB, before beer bug and after the beer bug.
Online orders, home deliveries and streaming are some of the new things we already had but now more than ever is here to stay. Even with a cure today some of the changes that have happened are permanent or very long term.
Changing human behavior is hard. It was hard to get where we are today. So even if the bug disappear today which is not guaranteed will happen; it will be hard and take time to make things be once again just like they were before.
📑Leave your comments, questions, opinions and ideas down below!! I read & reply to all comments!!
💖Thank you so much for watching this video!! Check out some of my other videos coming up on the next screen!! Have a wonderful day!!
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