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Thursday, October 22, 2020

Roth IRA Tutorial with M1 Finance – Investing for Beginners

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Step by step tutorial on how I setup my Roth IRA (personal retirement account) using the M1 Finance investing app

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ABOUT: The M1 Finance App is an amazing tool for buying and selling stocks. Today, I guide you through the process with a step by step tutorial how to set this up for yourself.

While there are literally thousands of choices between stocks, funds, bonds, and ETFs, I will also show you exactly what I’m purchasing to put inside this retirement account. I chose the Roth IRA because it’s the most tax advantageous for my purposes.

Initially, I was debating between going with M1 or Vanguard, but ultimately I picked M1 due to it’s approach to investing basics, ease of use, flexibility, and low cost to start investing in the stock market.

Usually I use Robinhood, however, Robinhood does not offer a retirement account. While I’m also primarily a dividend investor that focuses on high quality dividend paying companies, I wanted to show beginners how to set up a Roth IRA with this incredibly easy to use finance app.

Now I have the perfect trio, Robinhood, WeBull, and M1 Finance to complete the set of the best investing apps. The instructions in this video are simple and easy to follow along!

If you want to learn how to be rich slowly, this is it!

*Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

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