M1 Finance Review 2021: Is It The Perfect Investment Platform?

Investing is hard due to a myriad of factors ranging from behavioral to psychological.

Getting started with investing and continuing with investing should ideally be automated so we do not second guess ourselves; trying to time the market or chase the next hot sector.

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Characteristics Of My Perfect Investment Platform

My ideal dream platform would have zero fees, wide selection of low expense ratio funds and very low minimum investment. In addition to these basic characteristics, it should help one get started with a basic asset allocation.

Zero fees:

In this day and age when almost anything can be done online; it is criminal to charge fees for the act of investing.

Selection of Funds:

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Vanguard, Schwab and Fidelity have an extensive selection of funds; albeit restricted to mostly their own fund families.

Most Vanguard index funds have a minimum of $3,000 and some like the technology index fund have a whooping $100,000 minimum.

Minimum Investment

Auto Invest:

The best results from investing come from putting money to work in the market with regular frequency. It is hard to know what causes the markets to rise and fall on a daily basis.

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