M1 Finance Reviews
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M1 Plus perks
I've been using M1 for a while now and so far, my experience with their platform has been pretty good. However, I do think they could step up their game when it comes to the perks offered with M1 Plus. While I do like what M1 has to offer, I feel like they should bump up the spend interest rate for M1 Plus to make it a more attractive option. Also, the $125 fee for M1 Plus seems a little high given the perks currently available. It would be nice if M1 Plus included things like no trade windows, better credit card rewards such as 2% cash back, or more competitive benefits to justify the cost. The main perk of M1 Plus seems to be the borrow rate, but since I don't really use that feature, it doesn't really add much value for me. With other financial institutions offering great rates and perks, I'm starting to think twice about renewing my subscription to M1 Plus unless they lower the price or increase the spend rate.
M1 Finance: A Solid Investment Platform with Room for Improvement
As a user of M1 Finance, I can honestly say that I have been quite happy with the platform. The interface is user-friendly and easy to navigate, which is always a plus. I appreciate that I can easily set up automatic investments and reallocations, as well as the ability to customize my own portfolio or choose from pre-made expert portfolios. The fees are also very reasonable, which is definitely a selling point for me.
One aspect of M1 Finance that I particularly appreciate is the "Pie" feature, which allows me to see my asset allocation at a glance. It's a great tool for keeping track of my investments and making sure that my portfolio is well-diversified.
Overall, my experience with M1 Finance has been positive. It's a solid choice for anyone looking for an online investment platform that offers a good balance of convenience and customization.Automated investing product
The investing tool I've been using has completely transformed how I handle my money. It's super easy to use and has saved me from making mistakes that often come with trying to trade stocks actively or ignoring my investments altogether. The platform is really easy to figure out and great for both seasoned investors and newbies. My only suggestions are to add a mobile deposit option, which would be super useful for people like myself - small business owners and consultants who need to deposit money while on the move. Also, being able to transfer money from different banks would make things even more convenient for users.
Investment platform
My experience with this investment platform has been pretty good so far. It's easy to get around and there's a lot of different investments to choose from. But there are a couple things they could do to make it even better. Like, it would be cool if you could pause or lock auto-invest or selling on specific investments to have more control over your portfolio. And setting end goals for each investment, like reaching a certain number of shares, would be helpful. It would also be nice to see how much money you're making in real-time instead of waiting for statements or updates.
Bank connection issues
Man, this place is seriously terrible, I can't deal with it. Trying to connect my bank account was like trying to teach a fish how to ride a bike, just couldn't make it happen. Kept failing and had to call them to switch to a different bank. Such a pain! Nobody should have to deal with all that, buddy. Take my advice, find somewhere else.
Quick Invest Account
I was initially attracted to the quick invest account, but the customer service has been so-so and I'm pretty frustrated and disappointed. I'm fed up with wasting my time and money here. I suggest checking out other options like Meta/Blue*, they really come through with great service and keep their promises.
Investment account review
The investment platform is pretty good overall, but I think there's definitely room for improvement when it comes to the transfer rules. Right now, the smart transfer rules can be a bit confusing and sometimes they don't quite match up with the minimum cash allocation needed before you start investing. It would be really helpful if the cash allocation didn't override the smart transfer rules, that way users could have a more seamless and consistent experience.
Platform services
Keep it up with features such as yield on cost, comparison charts to the S&P500, dividend safety metrics, and future cash flow charts.
Investment platform experience
I thought the investment platform's interface wasn't great compared to other options out there. It was a bit hard to use and not as easy to figure out as I was expecting, which made managing my investments tricky. The customer service I got when I tried to do a rollover wasn't the best either. I ran into a lot of obstacles and had to deal with being passed around between different reps a bunch of times. The lack of clear communication and support left me feeling frustrated and caught in the middle of two different banking systems. On top of that, I wasn't happy to find out about all the extra fees with the platform, which made it less attractive and cost-effective for me as a customer.
Initial deposit and confusion over methods
I just put some money in this bank and man, it was so confusing at first. I did eventually get it all sorted out, but it definitely wasn't as easy as I thought it would be.
Investment scam
I was scammed by an online investment platform that promised huge returns but wouldn't let me take my money out. It really bothered me since I thought I was making a wise choice by investing in my future, but it turned out I was fooled into handing over all my money. I really wish I had discovered "CALMOSHUB" earlier because they allow me to withdraw my profits and appear way more reliable than the first company. Seriously, steer clear of investment scams like the one I fell for!
Credit card double charge issue
I was using this finance app and they accidentally charged my credit card twice. When I requested a refund, they said they were going to hold onto the money for a bit. They mentioned issuing a refund, but it's going to take forever and be sent as a check. Who even writes checks in 2021?
Trying to close an account
I've been trying to close my account for 18 days already. It's just taking forever and nobody can tell me why. They're saying I have to give up the bonus money I already received just to get the rest of my money back. That doesn't seem right at all!
Deceptive high-yield savings account
This company is a total scam. They lied about offering high-yield savings accounts on their site, but when I joined, it turned out to be an investment account. I gave them my bank details through Plaid, assuming I was getting a savings account, but got stuck with an investment account I didn't want. When I tried to fix the issue, they gave me a hard time, wouldn't close the account despite me not depositing any money. They blamed some random regulation as their excuse. Don't trust their tricky ways - steer clear.
Transfer IRA account
I really regret moving my IRA to this place. I can't stand the pie system they use. My regular account did great because I invested during Covid. But my IRA messed up by investing the whole account instead of just $50k. Now I'm down $10k. The user interface is terrible. I'm not a beginner at this!
Invest limited options
I really like the PIE system and having all my spending in one place. But, it can be annoying that there aren't many investment options based on volume. Not being able to invest in mutual funds is a bummer, and only having two times to trade is a pain. Sometimes a stock drops in price during the day and I want to buy it, but by the time I can trade, it's bounced back up. So frustrating to miss out on making money like that.
Traditional IRA rollover to Fidelity
Dealing with them has been a real headache. I've been trying to transfer my traditional IRA funds to Fidelity for over a month now, and it's been a struggle. The whole process has been anything but easy, and they've been making it harder than it needs to be. Their customer service hasn't been much help either, so I've had to keep bugging them for updates. I suggest steering clear to save yourself from this frustration.
Review with most votes
M1 Finance: A Solid Investment
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