"M1 Finance, Acorns, Robinhood. Stash, etc What's your experience?"
I currently have Robinhood, it's cool. But I just jumped in with M1 and it seems to be more robust and is equally user-friendly. My wife uses Acorns and she loves it. But M1 seems to be the way to you want to buy fractions of stock, add an IRA, or just build these pies with as many stocks as you want to help with growth and balance. M1 is great for novice folks too because of their Expert Pies that are pre-built for low risk.
So, what are you using and how has it been going?
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"I cannot see how nature could have created itself. Only a supernatural force that is outside of space and time could have done that. ~ Francis Collins
"Whatever you do, do it enthusiastically, as something done for the Lord and not for men..."~ Co
1. "Currently not any, but have a friend that loves Acorns" In response to Reply # 0
She says its great for a service industry person because you're always looking for ways to stash money away anyway and not spend it all on after work hang outs and siphoning the extra change off card purchases is real easy to relate to coin jars and siphoning off half of cash tips for rainy days. I keep thinking to get it going but never get to it.
2. "I think you'd like M1, There is a $100 account deposit requirement " In response to Reply # 1
But that money is going to be what you use to invest and there are NO fees.
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"I cannot see how nature could have created itself. Only a supernatural force that is outside of space and time could have done that. ~ Francis Collins
"Whatever you do, do it enthusiastically, as something done for the Lord and not for men..."~ Co
legsdiamond Member since May 05th 2011 79586 posts
Wed May-08-19 11:36 AM
3. "I need to turn my acorns back on" In response to Reply # 0
I had it but I was broker than a mug so I kept dipping into it
I also have a Roth IRA I started contributing to again
Need to up my investment game a bit.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
4. "You should check out M1" In response to Reply # 3
I think you are up on things enough to make some good decisions and real impact.
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"I cannot see how nature could have created itself. Only a supernatural force that is outside of space and time could have done that. ~ Francis Collins
"Whatever you do, do it enthusiastically, as something done for the Lord and not for men..."~ Co
Already up a few dollars. Going to get my wife in on it too.
I’m thinking about rolling my 401K from the last gig and another account into this platform. I looked at the fees on one of my chase accounts and they are gouging me.
I like the way this is set up too.
I love how you can by fractions of stocks.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
I have most of my money in it. I only have just enough in my regular savings to cover for any cash emergencies I might need immediately. My emergency fund is in their new "Everyday Savings" account and currently getting 2.38 APY. A smaller amount is in a regular Investment account set to moderate risk. I have regular auto deposits set up for both.
Performance hasn't been that great but its better than just leaving it all in a regular savings account collecting dust. I like the app. I have no clue about stocks and investing and am not really interested in it so it works for me.
I’m mad aggressive with this new investment I just started.
Also have the kids 529’s.
Just trying to have a few things in the mix.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
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