M1 Finance Update 2024

[@noveltyrobot]

I used to like these men... Now I LOVE these men.

[@chessdad182]

I've been using M1 for years. I enjoy the pie structure. Just received a nice dividend from M1 holdings today.

[@paulmerriman2947]

Thanks for sharing your experience with M1.

[@xaldath4265]

Been with m1 since July of '21. So far, no real gripes. For the DiY investor who wishes to invest using the same principles you guys share, I believe they are amazing. So many of the negatives I hear are from people who don't want to invest in the way M1 encourages anyway. They want to use limit orders, get interest on their settlement funds, and trade options...all things related to *active* investing.

[@paulmerriman2947]

Most of the complaints I have heard have to do with expectations beyond what M1 offers. They don't do everything but for those who fit they seem to be an excellant choice.

[@chriskpedersen]

That's great to hear and consistent with my own experience. I agree that it's an excellent solution for DIY buy-and-hold investors.

[@ld5714]

Thank you Paul and Chris for this vidoe. I am going to be working with my grandkids and encourage them to use this platform to get started. It was difficult to follow as the image on the screen was very small so difficult to see well. It also needed info on the account types that could be opened; such as traditional IRA, Roth IRA, Brokerage, 529, HSA etc - what all are available? I'll have to do a bit more research. Thanks for all you do at the foundation and keep this great content coming. Larry, Central Valley, Ca.

[@paulmerriman2947]

Thanks Larry. Good luck in helping your grandkids. I've done that for all of my grandkids and so far everything seems to be on track. Of course I won't know if my intitial dreams will be fulfilled. A list of investment products is good suggestion for the next piece we do on M1.

[@robertthomson9340]

first off I want to thank you guys for everything you do and have done. My question which someone below also noted is the information on the screen is so small that I can't really read much of it. I can follow the general steps but I would love to view and understand every thing all the data that is presented on all the screens as you go through the example. Is there anyway to do that or is this sample example you use available to us to try out somewhere perhaps at M1 web site with out being commited to starting an account thanks again bob t;

[@chriskpedersen]

I'm sorry about the small fonts. This video was based on the M1 Finance web interface. The application has larger fonts, but it may be less comfortable for some viewers to do phone transactions. I've used Camtasia in the past to zoom in while doing demos like this, but it complicates redacting personal information. I'll keep working with M1 to see if there's a better solution for our next video. In the meantime, maximizing the viewing window by clicking the four-corners icon in the bottom right corner of the video window should help.

[@robertthomson9340]

Thanks for the idea

[@1977NOBODY]

People are fleeing from places like M1 after the whole yotta incident……When you realize your money may not be as safe as you think it is……Especially the savings account😑The fdic insurance may not help you because m1 isn’t actually a bank and if M1’s partner banks where they store your cash have issues with their books then it becomes a dispute and fdic insurance won’t kick in because the banks didn’t actually fail