Is M1 Finance good for long term investing?
M1 Finance is nearly perfect as an investment platform for long-term investors
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How M1 Finance Works
M1 Finance allows you create a super customized portfolio. This may be a bit overwhelming at first, but the process is straightforward.
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Would you recommend M1 finance?
I do recommend M1 finance . For long term investments M1 finance is the best. M1 Finance is close to being the perfect all-around investment platform.
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PROS:
1.Just $100 to start 2.Create custom portfolios with robo management 3.Rebalances your portfolio for you 4.$0 commission or management fee
PROS:
5.Borrow against your portfolio balance 6.Buy fractional share 7.Pre-made portfolios created by M1's expert
CONS:
1.J1.No cryptos, options, or mutual fund 2.No tax loss harvesting 3.No human financial advisor
CONS:
4.Learning curve to create pie 5.Only offers stocks and ETF Only one trading window per day.