Introduction
Investing can be a daunting task, especially if you’re new to the game. With so many investment platforms available, it can be challenging to decide which one to use. However, M1 Investing has emerged as a top choice for many investors. In this review, we’ll explore why M1 Investing is the best investment platform in 2023.
What is M1 Investing?
M1 Investing is an investment platform that allows you to create a customized portfolio of stocks and ETFs. The platform offers a unique feature called “pie investing,” which allows you to create a pie chart of your investments. Each slice of the pie represents a different stock or ETF, and you can adjust the slice size to reflect the percentage of your portfolio you want to invest in that particular asset.
Low Fees
One of the most significant advantages of using M1 Investing is its low fees. Unlike many other investment platforms, M1 Investing does not charge any commission or transaction fees. This means that you can invest your money without worrying about unnecessary fees eating into your returns.
Automated Investing
M1 Investing also offers automated investing, which means that the platform will automatically invest your money according to your portfolio’s allocation. This feature is perfect for those who don’t have the time or expertise to manage their investments actively. With M1 Investing, you can set it and forget it, knowing that your money is being invested according to your preferences.
Customizable Portfolios
Another advantage of M1 Investing is its customizable portfolios. As mentioned earlier, the platform allows you to create a customized pie chart of your investments. This feature is perfect for those who want to invest in specific industries or sectors or who want to diversify their portfolio by investing in a variety of assets.
Flexibility
M1 Investing also offers flexibility in terms of account types. The platform offers individual, joint, and retirement accounts, allowing you to invest according to your specific needs and goals.
Mobile App
M1 Investing also has a mobile app, which makes it easy to manage your investments on the go. The app allows you to view your portfolio, make trades, and monitor your performance, all from your smartphone or tablet.
How to Get Started with M1 Investing
Getting started with M1 Investing is easy. All you need to do is sign up for an account and create your customized portfolio. You can fund your account with a bank transfer, and then M1 Investing will automatically invest your money according to your portfolio’s allocation.
Conclusion
M1 Investing is the best investment platform in 2023 for many reasons. Its low fees, automated investing, customizable portfolios, flexibility, and mobile app make it an ideal option for both new and experienced investors. If you’re looking for an easy and efficient way to invest your money, M1 Investing is the platform for you.
