Name: M1 Finance Tutorial | How To Use M1 Finance For Beginners!
Uploaded: 2020-02-25T09:53:08.000Z
Duration: 11 min 48 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

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- So in this video today we are going to be doing

a tutorial of the M1 Finance investing app.

I'm gonna be showing you guys around the app

and talking about some of the basic functions

as somebody who is investing with this platform.

Now that being said, if you decide at the end of this video

that you want to open up an account with M1 Finance,

I have a link for that down in the description below.

It is an affiliate link so if you do use it

I will earn a small commission in the process.

So if you decide you want to give back to me

for putting this video together, that is an option for you.

And one other thing I want to mention real quick,

I have been getting a lot of questions from people

So I actually put together a completely free

everything you need to know to get started with M1 Finance.

If you want to check out that free 30 minute training

But we're gonna cover most of the basics right here

Okay, so here we are inside of my M1 Finance portfolio.

This was originally a $100 investment I made,

to show people what this app actually looks like.

was 50% of my portfolio into the Vanguard S&P 500 ETF

30% into Amazon stock, and then I had 10% in Apple stock,

and then I also put 10% of my money into Microsoft stock.

Now obviously this portfolio has actually

It's up about 17 percent, closer to 18 actually.

And this is the first thing you have to understand

about M1 Finance, is that everything comes back

So with M1 Finance, you are doing portfolio-based investing.

And that's where it's different than apps

like Robin Hood for example where you're just buying

whole shares of stocks, and then having those stocks

Well with M1 Finance, you design a portfolio yourself,

And then as you add more money to that portfolio,

it's gonna be spread evenly across those allocations.

So in my case here, when I initially invested that $100,

50% of that money went into the Vanguard 500 ETF.

30% went into Amazon, 10% went into Apple,

Now I already have my portfolio or my pie in here built,

but when you actually get started with M1 Finance,

But I'll show you guys what that looks like now

so you see what this looks like step by step.

So now we're gonna go through the process

of building a completely new M1 Finance pie from scratch.

And like I said when you start off using the app

of how to build your first M1 Finance pie.

So we'll go ahead and hit the plus icon here,

and then we're going to begin adding slices

and each of the stocks and ETFs that you can select

can make up as little as one percent of your portfolio.

So if you wanted to put 100 different stocks

in your portfolio, I don't know why you would,

So we're just gonna make a random portfolio here

just so I can show you guys what it looks like.

That's just one that's coming to my mind here.

3M Company, so we're gonna add that to this pie.

We're gonna also go with Procter & Gamble

We'll add Procter & Gamble to this portfolio.

an ETF to this portfolio for some passive investing.

You can move over to the ETF or Funds column,

Actually it's right here, VOO, the Vanguard 500 fund.

So we'll add that to the portfolio as well.

And let's say these are the four components

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M1 Finance Tutorial | How To Use M1 Finance For Beginners!

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