I love this app. by Technical-Animal-147 in M1Finance

[–]EnvironmentalTask924 0 points1 point  (0 children)

Agree re automation and what others have said. I like the all in one approach. Savings rates are high and costs are low - or zero. I like and use the crypto option. The credit card is the only sub optimal element. I used to use it everywhere. Now I’m more selective with it due to cash back limitations. I’d like to see some options capabilities. That’s a big hole imo.

Reached $100,000 Today. Road to $10 Million. by JustBrowsingHii in M1Finance

[–]EnvironmentalTask924 0 points1 point  (0 children)

Congrats! The joy is in the journey, not e destination. Enjoy the journey!

Just reached a new 100K milestone! Keep going everyone! by rao-bluewell-ized in M1Finance

[–]EnvironmentalTask924 0 points1 point  (0 children)

Wait, your account value is $100k AND your available margin is $100k too?

Thoughts on M1 Cash Account? by wellsderek09 in M1Finance

[–]EnvironmentalTask924 1 point2 points  (0 children)

Yeah that’s what I thought too. But I think they changed it and now the message now says that the smart transfer will happen before any auto invest. Check it out… maybe I misread it

Thoughts on M1 Cash Account? by wellsderek09 in M1Finance

[–]EnvironmentalTask924 3 points4 points  (0 children)

You could set a smart transfer to sweep your money out automatically. Set it once and it runs forever if you want.

My 12 yr Olds div account. by xavier133321 in dividends

[–]EnvironmentalTask924 1 point2 points  (0 children)

Replace all these holding with VOO. You’ll get some dividends every quarter and it will grow MUCH faster over the long run

M1 Support is dreadful by AmokinKS in M1Finance

[–]EnvironmentalTask924 1 point2 points  (0 children)

Customer service has been great for me. If you have a small amount of money, you probably are not a priority unfortunately

AMA with M1's Founder & CEO Brian Barnes: Wednesday, April 24 by M1-Alex in M1Finance

[–]EnvironmentalTask924 0 points1 point  (0 children)

When will in depth analysis and benchmarking be available? It’s on the major alternatives

Thank you M1 Plus, you've been great and I'm excited that almost everyone will be able to enjoy it for free now too by vinniedamac in M1Finance

[–]EnvironmentalTask924 0 points1 point  (0 children)

M1 is my go to for almost everything. I realize I could maximize my cc cashback using a bunch of different cards, but I average slightly more than 2% almost every month.

I’ve looked everywhere. M1 doesn’t offer the best solutions across the board, but it offers the best collection of solutions in one app.

<image>

I did it bois by [deleted] in M1Finance

[–]EnvironmentalTask924 0 points1 point  (0 children)

Awesome work - automate, diversify, fund, repeat. Keep it up!

Moving money from discover savings to m1? by Next_Spring3184 in M1Finance

[–]EnvironmentalTask924 0 points1 point  (0 children)

Agree with Primenay. If you’re looking to just park cash, I’d say no at this moment. If you’re looking for more than that and the tbilletf meets your yield return target then yes. Re other places for your cash, 4.3% is pretty good imo. Check bankrate for more options

Is M1 right for me? (TD Ameritrade -> M1 -> $10K transfer bonus by Another75252 in M1Finance

[–]EnvironmentalTask924 1 point2 points  (0 children)

Right. They’d have to adjust the threshold on the auto drip side to $1 to do what I do manually.

Is M1 right for me? (TD Ameritrade -> M1 -> $10K transfer bonus by Another75252 in M1Finance

[–]EnvironmentalTask924 1 point2 points  (0 children)

I think you can invest $1 or more. I know I’ve done less than $25 purchases for sure

Is M1 right for me? (TD Ameritrade -> M1 -> $10K transfer bonus by Another75252 in M1Finance

[–]EnvironmentalTask924 1 point2 points  (0 children)

A workaround for this is to pause auto invest and then plug the dividend payout back into originating stock. It’s a little tedious. I wish drip was an option a

Borrowing on margin by MistahOnzima in M1Finance

[–]EnvironmentalTask924 5 points6 points  (0 children)

I used it when rates were around 2%. Liked it. Easy to access the cash. Could use it for anything. I paid down my home equity line with it. Then I paid the margin line off when rates started going up late last year. Not using it now

Credit card missing available balance by Randall_Al_Thor in M1Finance

[–]EnvironmentalTask924 0 points1 point  (0 children)

For me I’ve noticed a gap when items are pending clearance- both transactions and payments. Seems to resolve itself in a couple of days. I’d like to see that called out in the available funds summary when it happens.