Regular bonus was 10$ this month only 20$
http://www.m1finance.c
This is a fantastic deal. The app, is very slick as well. I really like being able to auto-invest into a portfolio of my choosing (though you can invest in their off the shelf portfolios as well.
DP: You do NOT need to invest the money in to any investments, only open the account and deposit the money, which makes this deal SIGNIFICANTLY better in my opinion.
Found this info on reddit.
https://www.reddit.com/r/Landa/co…ties_with/
M1 Finance is an investing service with a unique approach: fractional share investing of a "pie" of stocks and/or ETFs (funds consisting of many stocks, like ticker VGT) of your choosing, for no fee. Think of it as making your very own ETF in a way, with no expense ratio (except if you add actual ETFs to it, which have their own expense ratios). M1 has been around for at least a year, and has a fairly active subreddit and a thorough help section with detailed articles on all of the things I will cover below. I’ll then explain the $100-$2,500 brokerage transfer bonus and the current $20 referral bonus for January 2020.
First, the pie. Your entire portfolio is considered your "pie." When you set up your "pie," you can break it up into "slices," each of which you can allocate from taking up 1% all the way to 100% of total dollar value of your pie (you can have a maximum of 100 slices, then, and minimum of just 1). Each slice can be a stock or an ETF, and basically every stock and almost every ETF is available at the same expense ratio as you would find anywhere else (no additional fees from M1 finance). As a neat little feature, your slices can themselves be "pies" with those smaller pies having slices of their own. For instance: Your portfolio pie contains two "slices" that are actually pies called "CAR STOCKS" and "TECH STOCKS." The "CAR STOCKS" slice can contain TSLA as well as, say, KARS, which is an ETF. Your "TECH STOCKS" one can also have any number of slices with either ETFs or stocks within it, allocated from 1% all the way up to 100%.
Importantly, your "pie" represents your target portfolio. When you schedule an investment into your pie, you invest into your "pie" as it’s set up by you at that very moment. You can change the pie and all of the slices within it at any time — this would mean you are just changing the target allocation of all the slices. It does NOT mean that you’d instantly be selling off any stocks — this only happens when you choose to "rebalance" one of your pies and both sell and buy to get all of the slices at your target allocations. If you increase the target allocation of TSLA, M1 will of course buy TSLA in the allocation you set for it. And, of course, if the value of TSLA rises and it consists of less of your pie than the target percent, M1 will buy more of it for you to bring it up to the target allocation. M1 shows via color-coded and differently sized slices what both your target pie and your current allocations look like in both the app and the website, both of which have essentially the same functionality.
The rest of the app is pretty straightforward as a sort of mix between a robo-advisor that can autoinvest for you during one set trading window daily at 9 AM and a Robinhood type pick and choose stocks and ETFs app. Poke around and it’s pretty easy to pick up how it all works. One note: If you intend to use a pie you make pie as a "slice" in your portfolio, then you make that pie beforehand in the "Research" tab under "My Pies" and then add it to your actual pie as a slice under the "Invest" tab.
For the help section with detailed articles, see: https://support.m1finan
Brokerage Bonus
The brokerage bonus essentially involves transferring your assets, starting at minimum of $20,000, over to M1. Here are the bonus tiers as of January 2020, and of course do consider doing the referral bonus (see below) when opening for the brokerage bonus.
Get $100 for $20,000 – $100,000
Get $250 for $100,001 – $250,000
Get $500 for $250,001 – $500,000
Get $1,000 for $500,000 – $1,000,000
Get $2,500 for $1,000,001 and higher
Full instructions of what the transfer entails and the terms and conditions: https://support.m1finan
https://www.reddit.com/r/Landa/co…ties_with/
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