hello everyone and thanks for tuning into the financial investor channel my
name is Brent and today we're gonna be doing a video and response to a question
I was asked on one of my m1 finance videos they an ask the question do I get
charged a trading fee when purchasing a stock over on m1 finance either on the
Roth IRA or the individual count they had mentioned that they use
Vanguard for the Roth IRA they don't get charged any fees when purchasing a
Vanguard ETF but if they were to buy a single stock such as Apple Amazon there
would be a commission I believe vanguards Commission are about five
dollars my response was great question I've never been charged a fee to buy
sell rebalance or keep the account active for both the Roth IRA an
individual account for the past eight months that we've been on the platform
so this is my wife's Roth IRA over on m1 finance she's been using it since
January 8th 2018 she's me actually made a hundred plus trades I just did the
count here we're gonna take a look at it and she's never been charged a fee she's
paid zero dollars and trading fees or any fees period plus you can make your
very own sort of ETFs what they use as PI's and you can actually create your
own essential ETF so I made a video covering the essential for T which is
Kevin O'Leary's or mr. Wonderful's ithi F with 40 essential companies here of
the future but in our example we had zero expense ratio and we were still
invested in 40 different stocks so I said that's a great video idea I'm gonna
go ahead and make a video here shortly covering all the trades for 2018 or at
least some information so I can show that we've never paid any sort of fees
to keep the account active or to really buy any sort of stocks for the account
so here we're starting off here on m1 finances the Roth IRA account a little
bit of history of behind the account we started at near the market highs back in
January 8th 2018 you can see here from this point we did gain a little bit here
back in you know 36:59 was one high points on january 28th before the
market came down falling roughly 10% so we lost a good chunk of the portfolio
you can see here the equity in the portfolio had actually fallen to fifth
five thousand one hundred and thirty four dollars you know losing three
hundred and eighty dollars you know right off the bat that would scare a lot
of people but so we we invested our fifty five hundred dollars for 2017 that
gave us another fifty five hundred dollars to contribute towards 2018 so we
came up with the plan we wanted the schedule every Monday to deposit money
into the account we knew that m1 finance gives you zero
dollar trading fees there's no fees for the account and you can buy partial
shares so if you make an account such as a Roth IRA all your dividends your
capital gains would be 100 percent tax-free they also allow you to buy
partial share so you need five hundred dollars to start a Roth IRA with five
hundred dollars you could buy Apple Google Amazon you could buy what are
some other songs out there that people are buying I'm gonna go ahead and
mention you know Walmart Praxair you know you could buy a number of stocks so
you could buy 1520 socks with five hundred dollars you don't need to buy a
complete share Amazon's over a thousand dollars near two thousand dollars but
with five hundred dollars you could buy a quarter of a share of Amazon and own
that company or just put two hundred dollars towards that company you don't
have to buy a complete share that's why this platform was great especially for
retirement accounts in the way that we're investing here so came up with a
plan and you know we scheduled $10 every Monday to go into the platform so here
we can click on our activity here and take a look at how long we've been a
mess in and how many trades that we've made for 2018 so January 8th 2018 we
started off with $5,500 going into the account
that's $5,500 going to the 15 trades if you were to go 15 by 5 that's $75 in
Commission fees that you would you know get hit with if you want a platform that
charge $5 per trade and sure what all these platforms are
charging but I know a lot of people use Robin Hood but there are individuals out
there who are using fidelity Vanguard Merrill edge and they're getting in
charge these commission fees when they're buying ETFs or single stock
allocations so here I just saved myself $75 I was able to buy 15 individual
stocks with my complete $5,500 now that was not the end of the trades so far for
the remainder of 2018 you can see here there have been four trades here in the
second week four four two four four all the way up you could see the number of
trades that we've made even five trades here so what is our plan right now
well our plan is this account generates dividends almost every single week here
so you can see here every single week there are some amount of trades that are
taking place that is because every Monday I'm gonna go back to this five
trades for example every every week the accounts paid out some sort of dividends
from the 15 holdings in this account here for example we had two dollars and
four cents from Praxair $2.49 from Johnson & Johnson that gave us four
dollars and 53 cents to invest well we scheduled a $10 deposit every single
Monday because Monday through Friday I believe Monday is the best read day to
invest Monday's you're gonna get a lot of drama from Friday either you know
through the weekend as well some political trade war talk you know what
goes on in the weekend who really knows but Monday's statistically speaking I
feel like it's the best day to invest because the markets are generally very
low and suppressed and give you the best bang for your buck so by adding $10 on a
Monday this automatically triggers the threshold needed to invest so we take
that $10 we add the dividends from the previous week
that gives us $14.53 to begin doing our trades and here for example it purchased
four dollars and 47 cents of Johnson & Johnson kimberly-clark Altria AT&T and
Walmart so $14.50 purchased five different
companies here that's five trades right there 21
if you were invest on Vanguard or some whether the platform that charges you a
commission if your Commission's two dollars five by two that's still ten
dollars in commissions that would take up my complete you know the money needed
there to purchase these in the first place so here we can see that we have
some cash in an account that means that we were just paid out a dip in here
pending activities it shows a dividend I can click on it I just got paid out this
week from Caterpillar on August 23rd today is the 24th right now it's Friday
and recording in the morning so caterpillar paid out a dollar ninety
four on Monday this following week I'm gonna be adding ten dollars in the
account that's going to be eleven dollars and ninety five cents because we
have a dollar ninety five sitting in cash so $11.95 is gonna get
automatically invested in the market the way the m1 finance invest it takes a
look at your actual percent the equity to your target percent equity so here we
can see Apple for example the actual is eight point one out of the target of
seven so it would not choose Apple to invest in it would look down the list
and say hey Cisco know Cisco is actually 0.5 over so let's take a look here
caterpillar is down at five point six out of six so it's down point four
here's one Praxair that's down point five so it would probably look up
Praxair and say hey you're down point five let's go ahead and buy into Praxair
here a little bit so it may invest five dollars and may invest $10 into Praxair
that will lower the unit cost on that and you know initial investment it'll
increase my yield on cost it'll increase my my my dividend payouts for the year
and it'll give me a great discount buying into this because right now i
bought into the stock two percent higher and now i'm buying this at a discount so
if this is my favorite candy bar at the store and they were normally a dollar i
would only be paying ninety eight cents instead to buy my favorite candy bar so
i'm able to buy it at a discount and I'm getting paid out more from buying these
shares at a cheaper discount than I would if I purchased it at full price
so in this example here what I did is I copied every single one of my traits
here money invested for the year and copied it into a spreadsheet right here
okay so for the year here these are the little numbers for the trades here that
we had so starting way down here back on January 8th 2018 where I've made my 15
trades I copied each one of these trades and put them into a column right here so
for the year we made a hundred and one trades now if you were getting charged
five dollars for every single trade that's a hundred and one trades right
there that's five hundred and five dollars of just straight Commission fees
to purchase a hundred and one trades I didn't have to pay anything for that
here if I highlight this column this is gonna give me a total of five thousand
nine hundred and eighty dollars and six cents this includes my trades this
includes the money I've invested this includes my initial investment so we're
just gonna say this is the column total I've made a hundred in one trade so I'm
taking away that number from fifty nine eighty now I'm taking away my initial
investment and m1 Finance has paid us a hundred and thirteen dollars and forty
four cents of just great dividends so that's why I had this number here so
money invested so far in 2018 we've only put two hundred and sixty-five dollars
in sixty two cents of our money into this account so I mean initially we
invested fifty five hundred dollars but every week that we've put in ten dollars
or whatever this may be slightly off here the total number but we're just
saying as an example we put in fifty five hundred dollars initially and
throughout the last eight months we've only added three hundred and sixty-five
dollars and we've saved five hundred and five dollars in trading fees we haven't
been paying any sort of account fee m1 finance has been great for them it's a
great platform if you guys haven't tried it out I do have a referral link in the
description below it doesn't affect your Roth IRA account but if you were to
start an individual account put in $100 you and I would both get $10
you can get your 110 dollars pull it back out and then start a Roth IRA and
then put your hundred and ten dollars into your Roth IRA plus four hundred and
ninety no three hundred and ninety additional dollars because you need five
hundred dollars to start in Roth IRA or a retirement account and you only need
one hundred dollars to start a individual account so that is everything
I wanted to cover in this video so again I've paid absolutely nothing to trade a
hundred and one times on m1 Finance I've paid no fees to keep the account active
for the past eight months and it's been a great platform having no expense
ratios because all of these stocks here in the portfolio are 100% you know no
expense ratio so I'm not sure where I can click on my PI's let's go ahead and
click here click on my Roth IRA so here zero expense ratio current dividend
yield is 3.5% so for every hundred dollars that you're investing three
dollars and 52 cents it's coming back out and that is great so that is it for
this video if you guys have any questions let me know in the comment
section below but so far m1 Finance has been a great platform for investing if
you are choosing to invest over on m1 finance there's a hundred dollar minimum
for individual accounts 502 minimum for retirement accounts but you get to start
a retirement account which is 100% tax-free you can buy partial shares zero
trade fees zero account fees if you have any other questions let me know
or check out my playlist here on m1 finance I have it here top right corner
or it's gonna be in the card at the very end so check it out let me know what you
think and that's it thank you guys for tuning in I will see
you next time if you haven't subscribed to the channel hit the subscribe button
if you did like the video hit the thumbs up button below and if you have any
questions at all leave them in the comment section I'll do a reply in a
video and see you guys next time have a great day bye
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