Are You Potentially Losing Thousands Due to M1 Finance?

Is M1 Finance costing you money every time you buy stock? Let's look into the issue and figure out what it could mean for the long-term investor with M1 finance. Start Investing at M1 Finance: OTHER VIDEOS TO WATCH: ✅ Market Order vs Limit Order - What's the Difference? ✅ Watch This Before You Invest at M1 Finance - ✅ Which Free Brokerage Should You Be Using? ✅ The Ultimate Dividend ETF Portfolio - Manage Your Finances and Investments with Personal Capital: Support My Channel! YouTube Membership - Patreon - Music In My Videos From Epidemic Sound: - - Connect with Me On My Socials - Instagram: Facebook: Twitter: #m1finance #pfof #stockmarket A bit about my credentials...I have a B.S. degree in Finance, I've spent my entire career working in various corporate finance roles, and have been an active stock market investor for over 20 years. While all of this means I know what I'm talking about (most of the time!), it does not mean you should act solely on my word alone. I am not intending to, nor licensed to give personalized financial advice. I'm merely trying to share my knowledge and experience so that you are able to make better financial and investment decisions for yourself based on your own research! Put another way... DISCLAIMER: Jay Fairbrother, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Jay Fairbrother’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence. AFFILIATE DISCLOSURE: This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. However, this DOES NOT impact my opinions and comparisons. Thanks for your support! ...(read more)

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M1 Finance is a popular investment platform that has gained traction among both new and experienced investors. With its user-friendly interface and sophisticated features, M1 Finance has appealed to those looking for a convenient and customizable investment experience. However, many individuals may not realize that M1 Finance could actually be costing them thousands of dollars in the long run. One of the main attractions of M1 Finance is its claim of being a commission-free platform. While it's true that M1 Finance doesn't charge traditional trading commissions, there are other hidden costs that can eat into your returns over time. One such cost is the spread, which refers to the difference between the bid and ask price of a security. M1 Finance earns money by executing trades at prices slightly less favorable than the market, meaning you end up paying a hidden fee for each trade you make. Moreover, the practice of fractional share trading offered by M1 Finance may seem appealing, especially for those with limited capital. However, this feature comes at a cost as well. M1 Finance bundles fractional shares into "pies," which are essentially pre-determined portfolios of stocks and ETFs. While this makes investing much simpler, it restricts your control over individual stock selection. Additionally, the rebalancing feature, which automatically adjusts your portfolio to maintain your desired asset allocation, can lead to unnecessary trading fees and taxable events. Another aspect to consider is the lack of control over timing your trades. M1 Finance aggregates all your buy and sell orders and executes them once a day, typically during market hours. This means that you may not be able to take advantage of market volatility or make timely decisions based on the latest news or events. In the fast-paced world of investing, this can be a disadvantage and may lead to missed opportunities or potential losses. Furthermore, M1 Finance offers limited support for margin trading. Margin trading allows investors to borrow money against their investments to increase their purchasing power. While this can be a powerful tool if used responsibly, it also comes with additional risks and costs. M1 Finance's limited margin offering, along with its interest rate of 3.5% for borrowing, may not be as favorable as those offered by specialized margin trading platforms. Finally, it's crucial to consider the overall cost-effectiveness of M1 Finance's investment strategies. While the platform offers a variety of "Expert Pies" created by reputable financial institutions, these may not always align with your specific investment goals or risk tolerance. Customizing your portfolio outside of these pre-built options can be cumbersome and may require manual adjustments regularly. In conclusion, while M1 Finance may provide a convenient and easy-to-use investment platform, it's important to be aware of the potential costs it may be imposing on your portfolio. The hidden fees associated with trading spreads, the restrictions on individual stock selection, and the limited control over timing trades can all add up over time. It's crucial to carefully evaluate these factors and consider alternative investment platforms that may offer more flexibility and cost-effectiveness to ensure you're maximizing your investment returns. https://inflationprotection.org/are-you-potentially-losing-thousands-due-to-m1-finance/?feed_id=121290&_unique_id=64c18dd7e1d7d #Inflation #Retirement #GoldIRA #Wealth #Investing #ism1financeascam #ism1financegood #ism1financesafe #ism1financeworthit #m1finance #m1financereview #m1financetradingwindow #problemwithm1finance #SpousalIRA #ism1financeascam #ism1financegood #ism1financesafe #ism1financeworthit #m1finance #m1financereview #m1financetradingwindow #problemwithm1finance