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by rryyan
3107 days ago
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Thanks! M1 is like Robinhood in that you can own any stock/ETF you choose. The biggest difference is that Robinhood is a traditional brokerage, where you must manually buy and sell individual securities. This is good if you are a trader, but pretty annoying if you are a typical investor. For example, let's say you are investing in a diversivied portfolio of several stocks and ETFs -- whenever you want to invest more money, you must calculate and enter exactly how much of each holding to buy in order to keep your portfolio proportions in balance. (And further, you're limited to buying only full shares.) M1 automates all of this for you. You set the target proporitions for your portfolio, and whenever you deposit money, we intelligently buy exactly the right amount of each holding to keep you in balance. Our aim is to be a new kind of brokerage -- the easiest and most convenient option for a modern investor. |
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