M1 Finance Just Beat Every Other Brokerage (Massive Update)

Рет қаралды 10,870

Күн бұрын

Пікірлер: 41

@BrendanEvan 5 ай бұрын

March 15, 2024 UPDATE: They just made it even cheaper! Crazy, here's the update video on the latest changes: kzbin.info/www/bejne/faPIcmyVnbuIfck

@P.I.P.E.L.I.N.E_Podcast 7 ай бұрын

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🥰💞

@m8tinajero 7 ай бұрын

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!

@BrendanEvan 7 ай бұрын

🙌 6 months is pretty awesome when they could probably get away with 1!

@user-bm6wu9zw9m 7 ай бұрын

M1 for the win 🤑

@TheBlawdfire 7 ай бұрын

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

@BrendanEvan 7 ай бұрын

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.

@maxwellglass 7 ай бұрын

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

@BrendanEvan 7 ай бұрын

Ha, they keep battling back and forth with each other! Yeah I have a video coming out soon discussing that transfer issue!

@boodles07 7 ай бұрын

Love me some Robinhood!

@OscarCastillo-fl9dw 5 ай бұрын

Love Robinhood

@njvanhorn 6 ай бұрын

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?

@BrendanEvan 6 ай бұрын

Sounds like a great question for M1 Finance support, sorry that’s happening

@kdkragt 5 ай бұрын

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?

@BrendanEvan 5 ай бұрын

Literally just recorded a video about this. Hang tight, posting in the next hour or so

@BrendanEvan 5 ай бұрын

Video is processing. KZbin 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

@Constitution1789 7 ай бұрын

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...

@BrendanEvan 7 ай бұрын

I think that’s a good policy to not move money around too often

@PapaBigFlame 7 ай бұрын

W Video

@camai75 7 ай бұрын

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.

@conggao5565 7 ай бұрын

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.

@MindsetMoney2 7 ай бұрын

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!

@BrendanEvan 7 ай бұрын

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?

@MindsetMoney2 7 ай бұрын

@BrendanEvan Yes I have plus the entire time. But M1 still has earn on freeze for new customers. Maybe you can find additional information?

@JWarrenPhilly 4 ай бұрын

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...

@7techno77 7 ай бұрын

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

@BrendanEvan 7 ай бұрын

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.

@ClownCash 5 ай бұрын

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.

@TalesOfJulio 29 күн бұрын

Horsepower

@TheAllAmericanDriver 6 ай бұрын

Yes to race car

@BrendanEvan 6 ай бұрын

🏎️

@bradbrowne4987 6 ай бұрын

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

@BrendanEvan 6 ай бұрын

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.