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M1 Finance review
3:15 pm | March 2, 2020
Author: admin | Category: Computers Gadgets Pro Software & Services | Comments: Off

M1 Finance is a Chicago based online financial services company. It is also known as Robo-advisor. It is registered with the Securities and Exchange Commission as a broker-dealer and is also a member of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA). 

Founded in 2015, it offered services like Investing, Asset Management, Lending, and other financial services. In 2016, they introduced the ability to automate monthly deposits and maintain a preset portfolio allocation to make the funds withdrawal with ease.

Also, the good thing about M1 Finance is they are available on all modern platforms. M1 Finance has a web-based trading dashboard along with both iOS and Android applications available for a quick download.

View M1 Finance hereView Deal

M1 Finance 1

(Image credit: M1 Finance)

What to expect

M1 Finance offers automated investing with a high level of customization and a unique combination of automated investing allowing customers to create a portfolio as per their specifications. A user can create portfolios containing low-cost ETFs or use individual stocks or both in the same. M1 Finance offers low-cost alternatives that allow fractional share transactions and control over these portfolio contents. 

For the new users, it is quite easy and straightforward to sign up for the M1 Finance account. All the user needs to do is to enter the email address and choose the password, just after this the user will get a pie-building feature where the user can build the pie or choose the made up of ETFs or individual stocks. For help, there are tutorials on the site alongside to guide how the site works.

M1 Finance is also expanding to offer a digital bank along with its investment service. They are also looking forward to launching a service that will sweep your excess cash into a paying 1.5% per year, it includes a debit card that earns 1% cashback on different purchases. The service will be named as M1 Spend.

The M1 Standard limited for the long term users. If the user is looking forward to investing in long term usage then the user will get decent cashback. That’s one of the reasons to go with M1 finance. There are better-paying places to park your funds, also there is a no-fee savings account or a user investment portfolio.

M1 Finance 2

(Image credit: M1 Finance)

Few of the expert pies available for the user are:

  • General investing: The user can set this one up to reflect your risk tolerance and create a diversified portfolio to protect yourself
  • Plan for retirement: This pie is just for the target retirement date
  • Responsible investing: If you are a responsible investor then only you need this pie
  • Income earnings: This pie only works for dividends and income returns
  • Hedge fund followers: This one follows the strategies of reputable and acclaimed investors
  • Industries and sectors: This option lets you invest in certain industries that interest only the user

M1 Finance 3

(Image credit: Future)

There is a no-risk assessment questionnaire that helps you answer the understand the process better. The offers you Individual, joint accounts, ITAs and trust accounts. 

A user can also set up automatic deposits in part of the initial account setup which you can edit whenever you please. Margin loans are allowed and M1 Borrow service lets you borrow up to 35% of the account value at a 4.00% interest for non-investing purposes. 

Fees and charges

M1 Finance does not charge for trading fees. Well, that’s a piece of great news for the user that they don’t need to pay for the custom pies. There is something they charge for, that’s the termination fees. 

Also, there are two versions of spend that you can choose, the free one is M1 Standard and M1 Plus which comes with an annual fee of $100 fee for the first year and $125 per year thereafter. There is also an inactivity fee if the user stays offline for more than 180 days, the platform penalizes a user with $20 for the same. 

M1 Finance 5

(Image credit: M1 Finance)

Support

Customer support is one of the important features on any trading platform. Here you can sort yourself from the issues that you may face during trading. From their Support Center you can go through manage account, transfers, invest, spend and borrow specific queries. Users from across the globe can sign up for trading on M1 Finance. 

Solo Investors get the benefits from both of the worlds. The user can customize the portfolio and invest in any stocks and ETFs s/he wishes. M1 Finance will manage the same for the user. For the medium experienced investors, the company does not provide any advice or recommendations. This service is recommended for experienced users. For the long-term investors, M1 Finance allows trading only once a day.

Final Verdict

This tool is best fit for the starters. If you want to start the active investment portfolios then this may be the best space to start with. M1 finance does automatic maintenance of proportional investment allocation. It offers more control over the investments and provides a fine balance between automation and manual control on the investment, depending on each user.

Stash review
3:02 pm |
Author: admin | Category: Computers Gadgets Pro | Comments: Off

Stash is an excellent option for those interested in micro-investing. It lets you buy a fraction of a stock, which should be an exciting opportunity in itself. Imagine you want to buy a share of Walmart, which would need you t shell out $1000 or so, and you do not have that sort of solid financial strength. No worries, with Stash, you can buy a fraction of that share.

Stash is aimed at making investment approachable for the beginners. It can be an excellent option for those of you who do not have enough money to make huge investments or do not really know what to invest in. It, in essence, acts as a hand holder to help you gain entry into the world of investments.

View Stash hereView Deal

What does Stash do?

Stash is an investment app and helps you select investments quickly and easily for beginners to investments. It was founded in 2015 and was aimed at simplifying the task of investing in multiple portfolios. Most of us find investing an intimidating and expensive option to grow wealth.

Stash lets you sign up for free, and enables you to choose investment options rather quickly. It follows the concept of robo-advisers, where you have no human investment advisers and lets you begin investing by building a portfolio. However, in sharp contrast to other robo-adviser services, it does not manage your accounts by itself but suggests you the ways to achieve it. From that perspective, it isn’t actually a robo-adviser in the real sense of the word.

Stash 1

(Image credit: Stash)

How does it work?

Once you've installed the app, you will be asked a few questions to analyze the kind of investor you are. Are you a traditional investor or an aggressive one who does not fear taking risks? You will then need to connect your checking account to fund your investments. Do note that Stash does not accept any other forms of investment funding.

After you have set up your details and linked the checking account, you will be presented with the recommended ETFs you can invest in. The investment options you are suggested would be in tune with the answers you provided during the initial setup.

It will offer you the list of ETFs and individual stocks in an easy to read format. You will have access to every detail related to the stock:

  • a complete synopsis of what the investment is all about. 
  • a visual indication of the risk involved.
  • a ticker to indicate the last price, the symbol for the stock or investment and expense ratio

Stash 4

(Image credit: Stash)

Features

Some of the features that Stash offers includes:

  • Effective guidance – Stash was established with the aim of introducing beginners to the concept of investment, and this is the area in which it excels in. The Stash Coach is one of the unique and innovative features that simplify the task of providing you with enough education in investing.  
  • Zero minimum Account – You do not need a considerable amount to begin investing. In fact, even a small amount is enough to start investing. The fractional shares are what would make it a great choice. Stash buys the stocks and ETFs. It then splits these stocks for the investors. That would be helpful in building a diverse portfolio with little enough money. 
  • Automated Investments – If you opt for the option, the app will round up your purchases to the nearest dollar. For instance, if you make a purchase of $ 1.53 from linked accounts, it will round it up to $ 2.0 and withdraws these roundups. Once these roundups reach $5, it will be moved to your investment account. The SmartStash feature lets you analyze your bank account, and if it finds any extra money, the amount is directed to an investment account. 

Stash 2

(Image credit: Stash)

The Stash online platform works in an efficient manner with a mobile device as well. Of course, you do not have access to real-time updates. However, it is a fully featured app and does everything you would do with the online platform.

The customer support is also good enough. You will get access to a phone, and email support Monday to Friday between 8.30 am to 6.30 pm. The support channels will work even on weekends (Saturday and Sunday) between 11 am to 5 pm.

Stash 3

(Image credit: Stash)

How much does it cost?

Stash offers you three plans to choose from. In sharp contrast to the earlier AUM fee structure, the platform has now moved to a flat fee structure.

  • Beginner – The plan costs $1 a month and provides you access to a basic brokerage account along with the Stash Banking account. It will also offer you free financial guidance
  • Growth – This plan will cost $3 a month. You can get access to a taxable brokerage account and banking options. It also provides you access to retirement investment options
  • Stash+ - This is the topmost plan and offers excellent functionality. It will cost you $9 a month. In addition to the options available under the above plans, it also offers two custodial investment accounts for your children

The plans are competitive enough when compared to Acorns, but tend to be a little more expensive.

Final verdict

If you are new to stock investing and are looking for an app to handhold you into learning the tricks of the trade, Stash could be a useful option for you. The educational resources offered by the platform would make it a great choice and assist you in making money-saving moves going forward.

The concept of fractional shares is what should help you make a beginning in the concept of diversifying with little money. Of course, once you have gained enough knowledge in the investment arena, you can then move ahead to make your own plan.

Stash review
3:02 pm |
Author: admin | Category: Computers Gadgets Pro | Comments: Off

Stash is an excellent option for those interested in micro-investing. It lets you buy a fraction of a stock, which should be an exciting opportunity in itself. Imagine you want to buy a share of Walmart, which would need you t shell out $1000 or so, and you do not have that sort of solid financial strength. No worries, with Stash, you can buy a fraction of that share.

Stash is aimed at making investment approachable for the beginners. It can be an excellent option for those of you who do not have enough money to make huge investments or do not really know what to invest in. It, in essence, acts as a hand holder to help you gain entry into the world of investments.

View Stash hereView Deal

What does Stash do?

Stash is an investment app and helps you select investments quickly and easily for beginners to investments. It was founded in 2015 and was aimed at simplifying the task of investing in multiple portfolios. Most of us find investing an intimidating and expensive option to grow wealth.

Stash lets you sign up for free, and enables you to choose investment options rather quickly. It follows the concept of robo-advisers, where you have no human investment advisers and lets you begin investing by building a portfolio. However, in sharp contrast to other robo-adviser services, it does not manage your accounts by itself but suggests you the ways to achieve it. From that perspective, it isn’t actually a robo-adviser in the real sense of the word.

Stash 1

(Image credit: Stash)

How does it work?

Once you've installed the app, you will be asked a few questions to analyze the kind of investor you are. Are you a traditional investor or an aggressive one who does not fear taking risks? You will then need to connect your checking account to fund your investments. Do note that Stash does not accept any other forms of investment funding.

After you have set up your details and linked the checking account, you will be presented with the recommended ETFs you can invest in. The investment options you are suggested would be in tune with the answers you provided during the initial setup.

It will offer you the list of ETFs and individual stocks in an easy to read format. You will have access to every detail related to the stock:

  • a complete synopsis of what the investment is all about. 
  • a visual indication of the risk involved.
  • a ticker to indicate the last price, the symbol for the stock or investment and expense ratio

Stash 4

(Image credit: Stash)

Features

Some of the features that Stash offers includes:

  • Effective guidance – Stash was established with the aim of introducing beginners to the concept of investment, and this is the area in which it excels in. The Stash Coach is one of the unique and innovative features that simplify the task of providing you with enough education in investing.  
  • Zero minimum Account – You do not need a considerable amount to begin investing. In fact, even a small amount is enough to start investing. The fractional shares are what would make it a great choice. Stash buys the stocks and ETFs. It then splits these stocks for the investors. That would be helpful in building a diverse portfolio with little enough money. 
  • Automated Investments – If you opt for the option, the app will round up your purchases to the nearest dollar. For instance, if you make a purchase of $ 1.53 from linked accounts, it will round it up to $ 2.0 and withdraws these roundups. Once these roundups reach $5, it will be moved to your investment account. The SmartStash feature lets you analyze your bank account, and if it finds any extra money, the amount is directed to an investment account. 

Stash 2

(Image credit: Stash)

The Stash online platform works in an efficient manner with a mobile device as well. Of course, you do not have access to real-time updates. However, it is a fully featured app and does everything you would do with the online platform.

The customer support is also good enough. You will get access to a phone, and email support Monday to Friday between 8.30 am to 6.30 pm. The support channels will work even on weekends (Saturday and Sunday) between 11 am to 5 pm.

Stash 3

(Image credit: Stash)

How much does it cost?

Stash offers you three plans to choose from. In sharp contrast to the earlier AUM fee structure, the platform has now moved to a flat fee structure.

  • Beginner – The plan costs $1 a month and provides you access to a basic brokerage account along with the Stash Banking account. It will also offer you free financial guidance
  • Growth – This plan will cost $3 a month. You can get access to a taxable brokerage account and banking options. It also provides you access to retirement investment options
  • Stash+ - This is the topmost plan and offers excellent functionality. It will cost you $9 a month. In addition to the options available under the above plans, it also offers two custodial investment accounts for your children

The plans are competitive enough when compared to Acorns, but tend to be a little more expensive.

Final verdict

If you are new to stock investing and are looking for an app to handhold you into learning the tricks of the trade, Stash could be a useful option for you. The educational resources offered by the platform would make it a great choice and assist you in making money-saving moves going forward.

The concept of fractional shares is what should help you make a beginning in the concept of diversifying with little money. Of course, once you have gained enough knowledge in the investment arena, you can then move ahead to make your own plan.

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