12 Things You Can Do With M1 Finance

M1 Finance is a free investing tool that allows you to invest commission-free into the application with no hidden fees. M1 Finance is a mix between an investment brokerage firm and a digital investment advisor. The M1 finance platform allows for either self-managed investing, or you can direct the application to invest for you. It’s a great application to use if you want to be able to pick some stocks but would rather leave the majority of the work to the professionals. Read our M1 Finance in-depth review to know more about the M1 platform.

If you are curious about what else you can do with M1 Finance, here are the top 12 things you can do with the platform.

1. Control and Automate Your Money

With M1 Finance, you’re always in full control of your money. It offers the best in borrowing, investing, and cash management in one easy to use, automated platform. With the M1 Finance platform, you get to control and pick the investment portfolio that best fits your wants and needs. After you’ve chosen your portfolio, you can set it and forget about it. M1 Finance will automatically work for you to invest and maintain your portfolio. Everything is accessible through the M1finance portal. You can log in at any time to see and control your money.


2. Build your investment portfolio for free with the M1 Pie

With the M1Finance platform, you have the ability to completely transform the way you invest using the M1 Pie Method. First, you are able to select the investments you would like to be a part of and add them to your pie. Each investment you choose is considered one “slice.” You have the ability to adjust just how much weight you want to give to each of your slices. You can choose any percentage that you wish for your slice, from 5% to 95%. Once you have your pie completed, you’ll set up your payment method to fund your pie. Investments will automatically be taken out of your account to grow the value of your pie.

3. Payback your loan or invest automatically on a schedule and set up direct deposits with M1 Spend 

M1 Spend is an FDIC insured debit card and checking account that can integrate with your current M1 Finance account. It allows you to automate tasks like depositing into your investment account or manage and pay your bills. It functions as a digital bank account, allowing you to pay back loans or even set up direct deposits right from your M1 Spend account. The best part about the cash sitting in your M1 spend account is that it is automatically pushed into investments to make sure it’s continually working for you, unlike money sitting in your bank account, which is continuously depreciating.

4. Own stocks and ETFs, regardless of share price, with fractional shares 

If you’ve ever been interested in owning stocks in big companies like Tesla or Facebook but don’t have the cash to cover the entire stock price or want to have the ability to invest some of that money elsewhere, fractional shares are for you. Fractional shares allow investors to purchase a part or slice of stock, depending on how much money they’d like to invest. Fractional shares help to make investing accessible to anyone, regardless of their income. You will even receive all benefits of owning that share, such as being paid out dividends.

5. Smart borrowing

Smart borrowing is a unique feature that allows you to borrow money at a rate as low as 2%. It works by letting you borrow up to 35% of the value of your current portfolio. Unlike other loan corporations, Smart Borrowing has no paperwork and no payment schedule, allowing you the flexibility to pay back the loan on your own terms. The borrowing rate is a variable and will change as the Federal Funds rate goes up or down.


6. Smart cash management with Digital Banking

M1 Finance is the future of cash management. You can use M1 for everything you need to do, such as spending, borrowing, or investing your money all in one place. Just like a regular debit card, you can use your card at any merchant that accepts Visa cards. Whenever you spend on your card, you earn 1% on all qualifying debit purchases and make an APY of 1%, which is 25 times higher than the national average. You can even set up rules to automatically pay your bills or transfer money to your investment accounts. M1 Finance allows you to control your money and be able to review and manage your accounts with a click of a button.

7. Earn, access, and discount more with the smartest perks when you upgrade to M1 Plus

M1 plus offers a variety of tools to make your finances more manageable. If you’re ready to earn discounts and access exclusive benefits, it’s time to join M1 Plus.

  • M1 Plus allows you to set rules on your money according to how you want to spend, invest or borrow your money.

  • If you’re tight on cash, you can borrow directly through the M1 Borrow platform. By using M1 plus, you’ll be able to receive a 1.5% reduction on your base rate, which can end up saving you thousands of dollars.

  • If you have over 25,000 dollars in your investment portfolio, you’ll receive the flexibility to invest in the morning or afternoon. You’re no longer limited to only the morning time frame.

  • Don’t forget about the fantastic checking account benefits like 1% cashback on all qualifying purchases or 1% APY on your checking account.

The best part? Right now, M1 Finance is offering a free year trial of M1 Plus if you sign up before the end of February. Signing up for this trail is a no-brainer if you’re interested in experiencing M1’s incredible benefits.

8. Reduce the amount owed on taxes

No one wants to dish out extra money when tax season approaches. With M1 Invest, you have the ability to make sure that the investments you sell are tax-efficient. M1 finance does this by using an algorithm to determine which securities should be sold based on your portfolio targets to minimize the tax implications. They first sell off any losses that will offset future gains, securities that result in long term gains, and lastly, securities that result in short-term gains. When it comes time to file your taxes, you can be sure that you’re going to pay a lower amount on your taxes.

9. Get Referral Credits with M1 Referrals

If you refer your friends to M1, you can receive credits to your account. If you’re a current M1 member with a funded investment account, you can generate a unique referral code to give to your friends who are not current members of M1. Once your friend signs up with your unique code, they can start to invest in their account. They have to at least invest $100 in an individual account or $500 in a retirement account. If this balance remains in their account for at least 30 days, both parties will receive a $30 credit. There is no limit on how many people you can refer to M1, so invite as many friends as you can. Read M1 Referrals to guide you better on how M1 referrals work.

There are other promotions other than the M1 Referrals, check out M1 Finance Sign-up Promotions. It’s good to take advantage of such promotions to boost your earnings.

M1 Finance Referral Bonus

10. Take control of your retirement

M1 Retirement offers free IRA’s to help you maximize your own retirement. You have complete control over the funds and stocks you choose to fit your risk tolerance or financial goals. With M1 Finance’s multiple options, from fractional shared to automatic investment, you can feel comfortable taking control of your retirement.

11. Rollover your old 401(k) accounts with M1’s Rollover Concierge

M1 offers a Rollerover Concierge to take out the work of rolling over your other 401k accounts. The goal is to make the transition as easy as possible, so you don’t have to figure out the necessary steps or fill out a ton of paperwork. You’ll be paired up with an advisor who will be there to answer any questions and work on your specific case.

12. Learn more about finance with M1’s Education Articles 

With all of the different options you have regarding investing, the terminology and process can sometimes be a little overwhelming. With M1’s educational articles, you can be prepared to take on the investing world and learn new concepts or phrases to help step up your investing game. There are multiple topics, from understanding mutual funds and taxes on dividends to understanding your return on investment and micro-investments. M1 finance even created a specific guide to give the best advice for investing depending on your current age and retirement goals. If you’re still confused or have questions, M1 makes it easy to reach out and talk to a professional.

M1 Finance offers a variety of tools, from investments and bank accounts to loans and retirement help. If you haven’t checked out M1 Finance, take advantage of one of their sign up bonuses, and reap the excellent benefits of their platform. If you’re curious how M1 Finance makes money click here.