Blog Posted In Finance

M1 Finance Review


By | source: Jul 13th, 2020

M1 Finance is an investment and banking service for tech-savvy DIY investors. They encourage long-term investments to build sustainable wealth to carry you into retirement. 

In other words, this isn’t a service for day traders or beginners (or at least, not for beginners who don’t fancy a bit of research). In our M1 Finance review, we’ll look at the platform’s features, pros and cons, and pricing to determine who is a good fit. 

 

m1 finance review

What is M1 Finance?

M1 Finance lets technologically savvy investors manage their investments and money in the same place. The service offers a variety of benefits and tools for investors, such as:

  • Self-directed and automated investing
  • Single and fractional share trading
  • Borrowing on margin
  • Investor resources

That said, M1 Finance is built for do-it-yourself investors who don’t need an advisor guiding their decisions. The service combines automation, FAQs and blogs, and “expert” portfolios to point you in the right direction. But at the end of the day, every trade decision is yours to make.

M1 Finance Accounts

M1 Finance offers four accounts to choose from: Invest, Borrow, Custodial, and Spend. Each provides ways to customize your financial journey, although features vary based on whether you use M1 Basic or M1 Plus. (We’ll cover the differences in our pricing section.) 

M1 Invest

M1 Invest offers users the choice of four investment accounts:

  • Individual
  • Joint
  • IRA
  • Trust 

Once you’ve chosen your account, you can buy whole or fractional shares of any stocks and ETFs of your choice. Or you can pick one of the site’s 80 “expert portfolios” to model your own investments after if you’re unsure of yourself. 

M1 Borrow

If you don’t have enough money in your account to complete a trade, the M1 Borrow margin account has your back – as long as your portfolio is worth at least $5,000. You can borrow funds at 3.5% interest in a basic account or 2% interest with a Plus account. 

M1 Custodial Accounts

M1 Finance Plus members can also open a custodial investment account for minors. With this account, you can give your kids and grandkids a head start with a well-funded, diversified portfolio. 

Users can deposit and trade funds until the designated user reached the age of majority in their state (usually 18 to 21). After that, the recipient can cash out their account or transfer the securities to an account in their name. 

M1 Spend

M1 users can also open a Spend, or checking account, complete with a debit card. The account links with your investment account so you can move money around as needed. 

 

m1 finance investing

Features and Benefits

M1 Finance offers a host of features and benefits for its users. Let’s take a look at some of the best.  

Pie Investing

Pie investing is simple. Each stock or ETF represents one “slice.” The size of each slice shows you how much of your portfolio is comprised of that one security. Then, the outside edge of the pie grows or shrinks based on how much money you pour into your investments. 

The goal of pie investing is to provide users with a simple visual chart of their portfolio. When you first sign up, you’re invited to build your first pie by selecting investments and customizing each “slice” as an introduction to the platform. Then, you can save your pie or build a new one later. 

And if you’re not confident in your investing skills, M1 offers 80 “expert” portfolios to model your own investments after!

Dynamic Rebalancing

M1 offers automated, dynamic rebalancing to keep your portfolio within your specified limits. By accounting for both your deposits and the price fluctuations of your assets, they can help you reduce drift. You can also rebalance your portfolio manually at any time. 

No Trading or Portfolio Management Fees

M1 Finance is one of a few robo-advisor services that charges no trading or portfolio management fees for its basic account. Plus, you don’t have to pay to deposit, move, or withdraw funds. 

Investor Resources

M1 Finance is a DIY investment platform. That said, they don’t leave you completely in the dark. With dozens of FAQs and blog articles (not to mention its newsletter), you can brush up on investing and saving tips, retirement strategies, and improving your investment approach. 

Clean User Experience 

Both M1’s desktop portal and mobile app are designed to be simple, clean, and fully functional. Both guide you through the sign-up and investment process in just a few simple steps. And once you’ve funded your first investment, they provide plenty of dashboards to track your progress and move your money. 

 Drawbacks

Every service comes with its pros and cons. And if you’re new to investing, M1 Finance’s downsides are doozies. 

No Financial Advisors on Board

As a DIY investment service, M1 is sorely lacking when it comes to beginning investor resources. While their blogs and newsletter articles cover the basics, M1 doesn’t offer any advisory services to get you started. Plus, they lack both a beginner’s questionnaire and goal-setting abilities to help you track your progress and risk tolerance. 

Customer Service

Unfortunately, M1 also falls behind with its customer service, with only phone and email support available. Even then, many users report receiving subpar service or being directed toward the website’s FAQs for answers. And with no financial consultants on board, all interactions are limited to using the website. 

Limited Investment Choices 

If you’re interested in diversifying your portfolio beyond stocks and ETFs, you’ll have to look elsewhere – that’s all M1 Finance provides. (Aside from its Spend account, of course.)

m1 finance stock market

Pricing

The basic version of M1 Finance is free for all users. With this account, you’ll get:

  • Only one daily trade window in your Invest account
  • 3.5% interest rates on borrowed funds
  • No checking APY
  • $10,000 daily transaction limit
  • 1% international transaction fees, plus ATM withdrawal fees

But if you’re willing to shell out the $125 per year for M1 Plus, you’ll upgrade to features such as:

  • Two daily trade windows plus access to automatic transfers
  • 2% interest on borrowed funds
  • 1% APY plus 1% cashback on your Spend account
  • $50,000 daily transaction limit
  • No international fees and ATM fee reimbursements

M1 Finance Review: Is This Investing Platform Right for You?

M1 Finance serves investors who want to take charge of their financial future with self-guided investments and a clean, well-designed platform. 

While you have access to customizations galore, you’re also responsible for doing your own research, understanding basic market trends, and knowing whether an active or passive approach is right for you.

Blog Posted In Business, eCommerce, Internet, Social Media

Must-Have Tools for High-Quality Translators’ Work


By | source: Sep 26th, 2022

The times when a translator had to stock up only with paper, a pen, and knowledge of at least two languages ??are long gone, and modern interpreters use at least a computer or tablet. In addition, the development of technology makes it possible to simplify the work as much as possible, making it faster and more efficient. So, what are the best tools you should better download on your device for a more convenient work process?

Time Tracking and Managing Projects with Trello

Organizing all projects and setting time for each task has become easy with Trello! This instrument is inevitable for planning your schedule and getting things done without pressure or tension. It’s a perfect planner, allowing you to analyze productivity: for instance, if you decide to make a break and play live casino Canada, you can add it to your schedule to track the time. Trello is perfect for competently forming a to-do list, planning all tasks, and, of course, leaving time for breaks and rest.

 

 

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Grammarly for Checking Your Texts

Even professional translators sometimes make mistakes or typos, and Grammarly is an excellent tool to make your text polished. You don’t always want to proofread texts manually, so this program will do everything for you! Its functionality includes:

 

  • Checks the final text for mistakes and typos
  • Offers more interesting alternatives that are used in one or another language
  • Checks the punctuation properly
  • Provides synonyms and more suitable expressions

 

This program will significantly simplify the translator’s work and increase its efficiency. Once you start using this instrument, you won’t understand how you’ve lived without it before!

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Smartcat: The Best Cloud Technology

It’s an easy-to-understand and convenient instrument that is mostly used by freelancers and translating agencies. You can switch to it if you have used CAT technologies or even learn everything from scratch inside the program. The main benefit it has is its own marketplace, allowing it to involve other specialists in the work process.

XBench for Better Quality of Translation

This program is great for young professionals or those who want to improve their performance. XBench controls the texts’ quality and manages terminology, which is incredibly convenient for translators. Its main features that are highly appreciated by users are:

 

  • Grammar, punctuation, and accuracy checks
  • The possibility of uploading files in both languages
  • Adding sources of terminology
  • Creating quality reports, allowing the translator to see all pitfalls and mistakes
  • Helps to automatize tasks to avoid making them manually

 

Thousands of translators use this tool to control the quality of their texts. It’s also suitable for editors – save time and allow the program to help you.

Wordbee for Managing All Translations

This platform has all basic CAT functions and is suitable for tracking all texts and translations and keeping them in Wordbee’s memory. This tool has a built-in spellcheck, and a convenient interface helps to translate and check everything in a few clicks. Moreover, it is great for managing projects since it allows general access from multiple accounts.

 

Blog Posted In Education, Food, Health, Lifestyle

The 5 Health Advantages of Quantum Water Bottles for Your Body and Mind


By | source: Sep 19th, 2022

Source

Since the magnitude of the quantum water trend has hit, we’ve heard about all the benefits that come with it. Users explain how it can increase hydration, flush toxins, and manage blood sugar. There are so many options available in today’s market. Different vessels cater to all kinds of needs, whether you need an on-the-go hydration solution or an insulated container to keep your drinks cold for extended periods. That’s all great to hear, but you may be wondering “What is quantum water?” and what are the specific advantages of a quantum water bottle over any other drinking vessel?

Quantum water results from water passing through a process that infuses it with beneficial electrolytes. When we consume this water, it enters our bloodstream, where it can provide us with essential hydration for our entire body. Here are five advantages of buying a quantum water bottle:

1. It Can Reduce Inflammation In The Body

When it comes to health, we want to avoid inflammation at all costs. Many diseases, such as cancer and heart disease, are caused or worsened by excessive inflammation in the body. As we age, our bodies naturally produce more inflammatory agents. While this is a natural part of the aging process, we can protect ourselves by reducing the number of inflammatory agents in our system. 

2. It Can Fight Free-Radical Damage

Quantum water can also fight free-radical damage by strengthening your immune system. The nature of this “molecular water” creates a superoxide radical, a powerful antioxidant, making it a powerful agent for fighting free radicals. While this isn’t the only way a quantum water bottle can help protect your body from free radical damage, it is one of the most significant advantages of this product. When exposed to harmful toxins, such as pesticides and chemical agents, which many of us are, they can cause damage to your body. Free radicals are the by-product of this damage and can lead to illness, aging, and death.

3. It’s Good For Your Skin And Hair

Many of us drink water to stay healthy and hydrated, but did you know that drinking water can also keep your skin and hair healthy? Water is essential for preventing premature aging, which is why we recommend drinking enough of it every day. Your skin can become dry, dull, and irritated when you don’t drink enough water. When you’re dehydrated, your body naturally pulls moisture from your skin. It pushes it towards your organs, leaving your skin feeling dry, so staying hydrated is essential. Water also helps your hair follicles retain moisture, preventing hair loss. When dehydrated, your body naturally pulls water away from your hair, making it look thin and brittle. Drinking enough water can reduce hair loss and prevent hair from breaking, which can later help delay severe hair loss.

4. It Can Help With Weight Loss

When you drink enough water, you naturally flush out toxins from your body, which can help with weight loss. When your body is healthy, it can adequately metabolize and process nutrients, which can help with weight loss. When your body is less toxic, it can focus more on burning fat rather than just trying to remove the toxins from your body, which can help speed up the weight loss process.

5. Help In Digestion

The unique water from drinking quantum water has been found to help digestion. Many people with digestive issues such as irritable bowel syndrome and Crohn’s disease have found that drinking water with ions has helped them with their health issues. It has been found that the water has a neutral pH level which is very beneficial in digestion. It can also help with any stomach pain.

Conclusion

When it comes to your health, you should always be aware of the dangers of consuming toxins. Luckily, with a quantum water bottle, you can protect yourself from harmful toxins while enjoying the many health benefits of drinking more water.

Blog Posted In Tech

Transcription for Academic Purposes: The Complete Guide


By | source: Aug 22nd, 2022

Transcription for academic purposes can seem daunting, but with the right tools and techniques, it can be a breeze. In this guide, we will walk you through everything you need to know about transcriptions for school projects, research, and beyond. 

We’ll start with the basics of what transcription is and how it’s used, then move on to specific tips and tricks for getting the most out of your transcripts. By following our guide, you’ll be able to transcribe any document with ease!Read More

Blog Posted In Education, Lifestyle

Things You Should Know Before Signing a Prenup (2022)


By | source: Aug 19th, 2022

Despite being frowned upon and viewed negatively in society, a prenup is actually a useful and legitimate contract that clearly sets out what happens in case of the death of one spouse or separation of a married couple. 

Though it is still not the best topic to talk about before marriage, you would be wise to raise the subject. But there are things that you should know before signing a prenup and that is exactly what this article will educate you about. Read More

Blog Posted In Health, Lifestyle, Recreation

Top 8 Safety Tips to Follow When Riding a Bike on a Busy Road


By | source: Aug 9th, 2022

Cycling is a wonderful activity with many advantages. Most cyclists enjoy being outside, getting some workout, and taking in the view. On the contrary, cycling on the road can be risky. In the case of a crash with a motor vehicle, you are more likely to sustain injuries if you are a cyclist. When cycling on roadways, it’s crucial to abide by some fundamental safety precautions to keep yourself safe.Read More