El_Mero_Mero
All Star
Last year I was buying and selling stocks on my phone with Robin Hood and M1 Finance. This year I have only been using Robinhood. I am just curious, does anyone here still use M1 Finance?
Anyone here still use M1 Finance?
- Thread starter El_Mero_Mero
- Start date
Ghostface Trillah
God-level poster
That whole $100 deposit and account maintenance fee is a huge turn off with all these free and low fee apps. I don't even open the app anymore.
El_Mero_Mero
All Star
When I first downloaded it, it was free. It isn't as useful to me as Robin Hood though. I was getting fractional shares, and I felt that at that rate I wasn't getting anywhere quickly enough. Robin Hood just makes more sense to me.
Mindfield333
Superstar
Just downloaded M1 finance yesterday. I’m sending Robinhood to the bushes
InGodWeTrust
Tall & Handsome in ATL
What are the fees/cons of M1 vs Robinhood?
All I know is Robinhood is in some fukkery for some reason.
All I know is Robinhood is in some fukkery for some reason.
M1 is for long term investing. Robinhood is for everything. M1 has a trade window in the first 30 mins the market opens and your trades are done then. M1 is also built on partial shares. You have a pie of multiple investments and when you deposit money it splits that money into all of them depending on the weight you assign to each slice.
Here is my pie. 10 slices 10% target. Started last month.
M1 Finance - Free Automated Investing
