M1 Finance is gaining momentum as a leading robo-advisor by providing exceptional service and features. As more investors flock to their platform, you might be thinking you are missing out on something good- and rightly so. M1 Finance is a popular way beginners start investing.

If you are considering opening an account with M1 Finance, you have come to the right place. We break down the top 3 ways to invest with M1 Finance and provide all the details you need before hitting that “install” button on your phone. For additional information about their service, check out this tremendous M1 Finance Review.

If you want to leave with ample knowledge to start growing investments within M1 Finance’s app, read this entire article!

M1 Finance Pies

M1 Finance offers its users a unique way to diversify their investments in their account with its pie investing. Their pie system lets users pick and choose individual stocks or “slices” they want to invest in and assign target allocation percentages for each.

The pie slices can be individual stocks, bonds, or electronically-traded funds (ETFs).

Once your pie is made, you can invest more into the pie. Investing in the pie is an easy and automatic way to diversify your portfolio. Plus, it saves you the time of having to invest individually in each stock.

You can manually rebalance your M1 pie at any time and edit your stock choices for the pie. If you do not want to own an investment anymore, you can remove it without selling your whole pie and starting a new one.

You can own 30 stocks in your pie or just a few. Whatever your preference is, M1 Finance makes investing in your favorite companies all at once very simple. You can also invest in M1 Finance’s “expert pies” which have allocations preset by experts to make investing even more effortless. Here are a few examples of their expert pies:

• General Investing
• Income Earners
• Stocks & Bonds
• Hedge fund followers

One of M1 Finance’s pie system’s best parts is that it is entirely free to use. Yes, that is right. It costs $0 per month to invest in all your favorite companies and ETFs. You can even set automatic deposits into your pies.

M1 Recurring Investments

With M1 Finance, you can set up recurring investments to fund any investment pies and individual investments. Your recurring investment has to be at least $10; you can set your investment frequency to any of the following options:

• Monthly (choose any day of the month)
• Specific Week (choose the 1st, 2nd, 3rd, or 4th week and the day of the week)
• Weekly (choose the day of the week)
• Biweekly (i.e., every other week, choose the day of the week)

Recurring investments are a great way to dollar cost average (DCA) by using the principle of saving pennies a day and compounding interest.

Besides recurring investments, M1 Finance has a fantastic tool called Smart Transfers available only in M1 Plus. Smart Transfer will invest your extra money automatically as it becomes available. How does it know when to invest? For this to work, you set up specific rules for your account to follow.

Here are some examples of rule M1’s Smart Transfers can utilize:

• Automate Borrow — Automatically pay back your loan with extra cash above your set threshold in your M1 checking account.
• Spend your dividends — Any time you get dividends, they are automatically sent to your M1 Spend checking account. Look at investing in these high dividend stocks to help fund your checking account.
• Max out your IRA — extra money from your checking and savings are swept into your IRA to maximize your contribution.

M1 Finance’s recurring investments make it easy to invest often, a fundamental tenet of becoming independently wealthy.

M1 Finance’s Additional Accounts

Besides an individual brokerage account, M1 offers various accounts to help you better manage your finances. These accounts are designed to connect with one another and optimize your savings; here is a list of their complete offerings:

• Taxable brokerage
• IRA — Traditional, Roth, SEP, and Rollover
• Checking Account — M1 Spend

By opening an IRA with M1 Finance, you will be completing one of the first steps to saving for retirement.

Combining all of these accounts into M1 is a great way to get your investments working for you. Coupled with auto-investing and Smart Transfers, M1 Finance really shines as one of the best ways to invest and grow your money.

Conclusion

M1 Finance is worthwhile and is one of the leading robo-advisors waiting to help you invest and grow your money. If you are still unsure about M1 Finance, M1 is often compared to Betterment. Check out this link for a great comparison of M1 Finance and Betterment.

M1 helps you invest easily and more efficiently with their pie slices, automatic investments, and through their variety of account offerings. If you want to make your investing simple and tailored to what you want to invest in and have a pleasant experience, choose M1 Finance.

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