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Webull free stock promotionWebull is a free stock trading app that can allow you to earn compound interest by investing in the stock market.
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Webull is a commission free stock and crypto trading platform. Right now, Investing Simple readers can get up to 12 free stocks with their current promotion. Open an account to receive 2 free fractional shares worth $3 to $300. Deposit any amount of money to receive 4 to 10 more free fractional shares worth $7 to $3,000. Promotion expires 10/31/2022.
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Written by Cari Scribner on October 5, 2020
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How Does M1 Finance Auto-Invest Work?

One excellent way to handle the indecision is to find an online broker that offers automatic investing.

When you auto-invest, you contribute money to your account at specific intervals without any effort on your part. You set it and forget it.

The funds may be contributed through regular, automatic withdrawals from your bank account.

You can use auto-invest within parameters you set, such as having withdrawals done weekly, twice monthly, or even once a month.

In addition to using online apps to do this, an employer might also offer automatic investment plans to their employees in which a percentage of their incomes is automatically contributed to retirement accounts such as 401(k) accounts.

If this is available to you, take advantage of it!

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M1 Finance Auto Investing

M1 Finance offers auto-investing. It is the most frequently used option by M1 Users.

With auto-invest on, any time your cash balance meets or exceeds $25, M1 will automatically invest your cash balance into your portfolio. All you will need to do to get into this is turn auto-invest on and set your minimum cash balance to $0.

If you want to invest manually, you can turn this off at any time.

Example 1: If your set minimum is $0, M1 will initiate trading whenever your cash balance reaches or exceeds $25. They will invest all your cash, so $0 will remain in your cash balance.

Example 2: If your set minimum is $1,000, M1 will trade whenever your cash balance reaches or exceeds $1,025. They will invest all cash in excess of $1,000, and $1,000 will remain in your cash balance.

Don't Auto-Invest My Cash

If you select this option, M1 will not automatically invest your cash. Instead, deposits from your bank and paid dividends will accrue as cash in your account.

To select this option, turn Auto-Invest off.

With Auto-Investing off, you can use the cash in your account to arrange buy orders for fractional investments or whole individual securities.

Automated reinvestment of dividends allows you to earn compound interest, so most experts recommend it.

M1 Finance Free Training

We put together a free 30 minute video training that walks you through the entire process, step by step. This training will help you get up and running in no time at all.

GET THE GUIDE

Article written by Cari Scribner

Platform Reviews

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
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