Відео

Simple path to wealth with dividend investing!!

Just in the US for now.

Yeah if the account balance is under $10k I believe they charge $3 a month. They now offer all M1 plus features without a fee (before it was I believe around $120 ish a year). I personally am not the biggest fan of paying the $3 a month, but if you get value out of the brokerage and grow your account to $10k, I think it could be worth it to start out with. Otherwise, may be something to look at transferring into once you have $10k invested.

Never mind i see you added your wife’s income :)

yeah pros and cons with it for sure. Now you have a lot more control of how you invest with M1.

Hey!!! Glad to see you again! Yeah the safety/security piece has always been a big deal for me. I'm happy using M1.

Well its all relative. You have lower costs for healthcare for example. So it all depends on your expenses. My $2M might be your $1.4M due to lower costs. It all depends on your particular situation.

​@@DividendGrowthInvesting Thank you, sir :)

Yeah I'm excited to track my income directly in M1! I like the direction they are taking the platform. If you aren't looking to actively trade and just want to passively invest, I think M1 is great!

You bet!

Yeah I can understand that. It’s a pretty simple approach by automating everything. It’s not flashy or too exciting. But I mean investing should be boring if you really want to build wealth.

Thank you! Yeah I agree. It’s not for trading though so it comes down to what you’re trying to do.

That’s fair. No need to trust a stranger. Hopefully the video was helpful for you.

Check out my videos on the simple path to wealth with dividend investing. I think that video will help you.

Yeah they have introduced some things then pulled them back. I think if you have at least $10k with them and avoid the monthly fee, it can be a great platform to automate your investing.

@@DividendGrowthInvesting I had quite a lot with them. The credit card reward got lowered, the debit card and checking account were taken away, the dollar amount needed to be reinvested was increased, and the TurboTax integration gone was enough for me to switch to fidelity. I hope they don't continue that methodology in the future. Good platform for most new investors though. Great content as always!

They opened up all the M1 plus features to everyone without a fee now. The introduced the $3 fee on accounts that are below $10k. May be something to consider transferring to M1 once you have $10k invested if you don't get value from the M1 plus features

@@KietNguyen-up9vx yeah it will make it a lot easier!

@@user-bm6wu9zw9m hey!!! Thanks for watching!

No clue. I would check with m1. They are always fast to respond to my ticket requests.

@@DividendGrowthInvesting I checked with M1. They dropped the ball big time. And this is coming from a 6 year M1 user. Also a long time viewer of your channel. 😀 I tried contacting M1 multiple times over multiple days. I've loved the platform, but their handling of customer service requests has been concerning to say the least. Sent emails, called them, and used the chat feature. No explanation.

@@avinashnarine7070 ya I think so as well!

@@norttorres yeah the $3 is not ideal for small accounts. You could consider starting with a free brokerage and then transferring to M1 once you get to $10,000. Whatever makes the most sense for you

That's why I'm switching out. It's going to be a minute before I'm over that hump.

Hey Mike! Yeah the dynamic rebalancing is actually one of my favorite features. Yeah the dividend CAGR and even a dividend safety metric would be nice to have. Yeah the interactive view you could do in the research section in a manual way. You would just update different pies. All in all I like the direction of m1. I’ve been using m1 for 5 years and I really enjoy it for what I’m trying to do. If I traded in and out of stocks it wouldn’t work for me. All depends on your goals I guess.

@@DividendGrowthInvesting it does depend on your goals. And given you shared a video about your full investments and your trading of options, you cannot say you don't trade 😁. I do the same. I find different accounts for different purposes helpful. Maybe one day I will have a big enough pile where I can live solely on the dividends, but that is not this day. Hell I still have a full time job.

@@mikesurel5040 ya I sell csp and covered calls in a different account for income. You should check out barista fire. You may like it more than full retirement.

Thanks so much!! It was great chatting with Brian.

Thanks for watching!!

Hey Robert! Great to see you! Yeah these are very different videos than what I normally make on the channel. Brian mentioned that the new M1 dividend features are going to be just on desktop for now and rolled out to mobile later. You can log into M1 on your desktop and update the distribution for SCHD.

@@DividendGrowthInvesting Yep, already set up! I assume there's no lag, but since the payout already shows "pending", you never know. Thanks for sharing this huge new feature. I know you're already in Utah... I'll be in Austin the end of July for a software "bootcamp". Unbearable heat in Texas right now. Hope you and yours are well!

@@robertricker3575 Glad you got it set up. Dang... I wish I could have met you in Austin while you are in town. omg.. it is hot here in Utah as well.

Really glad to hear you enjoyed it! Yeah the new dividend features are great!

Yeah I transferred from Robinhood and also from Vanguard a few years ago. It takes a few days, but pretty simple. Here is a link to help you understand the process: dgitofi.com/TransfertoM1

Hey!! Yeah I was thinking about signing up to a dividend tracker but no longer need to. Yeah the mobile version will take some time he said. I like the under promise over deliver approach. Glad you enjoyed the video!

Agree....100%

Hey Michael! I’m the same way!! I personally would use the dynamic rebalancing option if I was still dca ing in my portfolio

⁠@@DividendGrowthInvestingthank you for bringing us this conversation. Now I have another financial hero.

Yeah I’ve heard a lot of people talk about that. I would also like that available. They release new features every year so something to keep an eye on

@DividendGrowthInvesting I mean If i own 1k shares of a company I could sell covered calls every week to just make more revenue to buy more stocks

The simple path to wealth with dividend investing!!

You have it backwards, SCHG should be your biggest holding. SCHG 70% DGRO/SCHD 30%

@@dividendfire855 dividends continued to grow when the appreciation of the growth stops during the last dip. And within years the dividends will cover about half of my bills after my mortgage. Without ever touching the principle to pass on to the next ones. It’s mainly just there as a reserve to buy more of the other two in case they dip for better DCA. I’m good with dividend etfs they greatly benefit my portfolio and belong at their percentages.

@@dividendfire855 Thanks bro. What about QQQM?

Hey Mike! haha yeah next week you can expect to see a lightning round with Cramer ;) It was really great chatting with Brian. Thank you so much for watching!!

Thanks for watching!!! Happy Sunday!

Yeah that would open up a lot of new choices for people. I'm personally keeping an eye on covered calls coming to M1 in the future.

If M1 offered covered calls, I’m switching from Fidelity Basket Portfolios, ha!

@@alt-thinking I had that for 1/10 years or 10% of the time. Take a look at where I started. You have to remember that it’s very expensive in America. Health insurance is not free. It’s all relative.

Hey there!!!

lol what… how do you not pay taxes as a W2 employee. The government takes it out before I even get paid. Not sure what you’re thinking. Assuming the worst in people is no way to live life. Not everyone exploits renters. You may want to consider new friends. A little positivity makes life a lot nicer.

@@DividendGrowthInvesting Yes cause you moved to Austin Texas for the great weather… right. You have a masters degree which gives you a great advantage and endless oppurtunities but your solution to working a job that you felt was going to kill you was to work it more? How inspiring! Why not work a job that’s rewarding and brings fulfilment to your life? Unless working in Sales is the kind of fulfilment you seek.

@@DividendGrowthInvesting I don’t know you and I’m sure you are a great guy, I simply disagree with your logic on how to achieve financial freedom. I rather surround myself with individuals who are passionate about what they do instead pf ones who care about an arbitrary number going up on their banking application as a means of coping with a life they don’t enjoy.

I appreciate that!