Sponsored by

On Thursday I decided to transfer all my assets from M1 Finance.

I have been a user of M1 Finance for a few years now but as of this week, I no longer have any money with M1 Finance. I think their platform is great, however due to my main brokerage offering pretty much the similar experience, I decided to consolidate all my assets into one place, Fidelity. The decision was a few months in the making, but I decided to just go for the full transfer. Here is why I am pretty much solely with Fidelity (minus some fun money at Robinhood).

Are you ready to take your investing game to the next level?

We empower investors like you with a daily newsletter which includes the insights needed to stay informed and make profitable decisions in the stock market.

Join Millions Who Trust The Early Bird

• Discover daily recommendations

• Unlock hidden opportunities

• Make informed investment decisions

By receiving our #1 stock tip delivered straight to your inbox every day at 6:59 am—completely FREE.

Seize the Opportunity:

Join the ranks of millions of investors who trust The Early Bird. Sign up now to receive today's #1 Trade of the Day and unlock a world of exclusive benefits.

Your success in the market is just one click away!

I was using M1 Finance for two big reasons

1. The auto investing feature

2. The pie feature

A few years ago, these features were limited availability or not even on Fidelity. M1 Finance was ahead of the game. However, in the past few months, Fidelity has rolled out two new features:

1. Auto Investing

2. A similar “pie” feature

Auto Investing

I did this on M1 every week and in the past, to my knowledge, Fidelity did not offer this on ETFs. Now they do.

You can set up a pretty robust auto invest capability. So this now takes over the first reason I was with M1. Here is how to set up auto investing on Fidelity:

The Pie Feature

Another reason I liked M1 Finance was the ability to create your own pie (essentially create your own ETF) & auto invest into it. Well, Fidelity recently announced their “basket portfolios” which allows you to do pretty much the same thing. There is a $5/mo fee to do this on Fidelity & I have not set it up yet, but this now takes over the second reason I was with M1.

Read more about Fidelity Basket Portfolios here

The main reason I left?

Now that Fidelity offers both of these I just decided it would be easier to consolidate the accounts in one place. My investing amount won’t change, rather it will just be all in one spot. To me, that simplification will make it just a tad bit more convenient.

The journey to $200,000!

After the transfer this account will be valued around $180,000. This means I am now $20,000 away from the $200,000 mark in this account. Will update every step of the way! Brick by brick!

Real quick, my podcast called The Decade Investor Podcast releases new episodes every week. This week I dropped three new episodes:

1. 51: I am Leaving M1 Finance & Going to Fidelity

You can listen to them on any podcast playing app here: https://thedecadeinvestorpodcast.buzzsprout.com/share

The goal of my newsletter, my podcast, my social media is to help educate you on money & make sure you set yourself + your future generations up for success with money!

(x)Tweet of the Week:

Pretty wild stat. If the stock market works for the wealthy, it can work for me to!

Thank you so much for reading & I will see you next week! Until then, keep buying assets.🙂 

- Decade Investor