Introducing the Ultra Portfolio at M1 Finance

Categories: investing
The Ultra Cap Fund is an equal weight portfolio comprised of the 4 largest companies in the world by market cap. This M1 Finance Pie shows the portfolio - https://m1.finance/fG8FgwOlkT83. Today on May 29, 2020 the largest four companies in the world are Apple, Microsoft, Amazon, and Google. Their services encompass all things - laptops, groceries, software, cloudspace, advertising, self-driving cars, and everything in between. They also have massive manufacturing capabilities and operate the largest and longest logistics chains in the world.

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Drawbacks of M1 Finance

Categories: investing
Today lets continue discussing M1 Finance. People tout the benefits of M1 but not many go into its drawbacks. Perhaps the sweet seductive siren song of the $10 referral payola sways their opinions. Of course not. There is absolutely no referral spam on the internet. lol. People get drawn into talk of pies and being able to invest small amounts over time. They forget the biggest contributor to wealth is savings rate and not compounding 7% annually on a measly monthly $100 contribution.

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M1 Finance and Fees

Categories: investing
One of the key issues I have with making M1 Finance my primary brokerage and bank is their fees, which to be frank, are annoying. For example lets look at their $25 IRA Conversion Fee. If you perform say a Backdoor Roth at M1 and can swing the maximum $6000, this comes out to a cost of 0.42% or enough to pay all expenses of the Vanguard S&P 500 Fund, VOO, for 14 years!

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My M1 Finance Pie

Categories: investing
Today lets talk about my M1 Finance Pie. My M1 Finance Pie into which I’ve invested a grand total of $25 is split into two slices - Outta Control and Going To Zero. Outta Control is a copy of the hedgefundie portfolio which a 55/45 ratio of UPRO, a 3x leveraged S&P fund, and TMF, a 3x leveraged long duration treasury fund. Looking through the threads on the bogleheads forum, I think I have a 10% chance of losing it all and a 90% chance of becoming a multi-millionaire.

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Thoughts on M1 Finance

Categories: investing
I finally got around to setting up my M1 Finance account two years after I first applied. When I applied two years ago, in 2018, they asked me for a utility bill and a picture of my driver license. I sent those in and then they ignored me. Others on the M1 subreddit report this is common and expected. Two years later (like last week), while ruminating on the hedgefundie thread on the Bogleheads forum, I decided to check up on M1.

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