12/13/2023 0 Comments M1 portfolio![]() ![]() This is definitely a step in the right direction from what the finance industry is traditionally accustomed to. Your account performance is relatively easy to both view and understand. It walks you through step by step what to do. The website is also very intuitive and easy to use. You can do everything on the app that you can do on the desktop version. The mobile application is well put together and easy to use. M1 has both a mobile app and a desktop website that is made available to users. Users can upgrade to another service called M1 Plus that costs $125 a year to lower that margin rate and to get the additional services discussed later on in this article. M1 offers a competitive interest rate on borrowed funds through margin accounts. Retirement accounts, however, require an initial investment of $500 which is less than many brokerages. After reaching that threshold, deposits can be any amount above $10. M1 has a minimum account balance of $100 to get started. Portfolios with ETFs, however, have operating expense ratios (OERs) on the underlying funds that range from 0.06% to 0.20% just as they will at any other brokerage. Portfolios held in stock only will not have any fund management fees associated with them.
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