M1 Finance, Free Automated Investing Plus $30 Signup Bonus
M1 Finance is a free automated investing platform. This service offers a combination of automated investing, but with a high level of customization that allows clients to create a portfolio tailored to their specifications. You can set up a weekly or monthly transfer that is automatically invested in a “pie” made up of stocks you select. M1 Financial is geared towards more experienced investors, but it is also an option for beginners.
M1 Finance has no trading fees or asset management fees. But, accounts with less than $20 and no trading activity for 90 days are charged a monthly fee. Portfolios with ETFs can incur management fees on the underlying funds that range from 0.06% to 0.20%. Now there is also a $30 M1 Finance bonus for new customers.
M1 Finance Bonus
M1 Finance usually has a $10 signup bonus. Now the bonus has been tripled. Here’s how you can earn $30:
- Create a new account.
- Fund it with $100 (or open a retirement account and fund it with $500)
- Must keep funds in the new account for 30 days from the date of deposit.
Once credited, you will see a $30 Promotional Credit in Activity.
- Offer available to U.S. citizens and Permanent Residents only.
- M1 reserves the right to terminate this offer at any time.
- This promotion expires at 12:00pm ET on December 31, 2021.
I have several investing apps, and M1 is one of them. The auto invest feature stands out. I have set a weekly deposit. It is invested equally in four stocks that I have selected. If you sign up now, you will get a $30 bonus, which is better than the usual $10. You can also refer friends or family members and earn a $30 referral bonus as well. So if you are in two player mode, you can make a quick $90.
More Free Stocks and Cash
Here a full list of investing platforms that are offering free stocks or cash to invest:
- TradeStation – $100 Bonus
- Moomoo – 4 Free Stocks
- WeBull – 4 Free Stocks
- SoFi Invest – $50 in Stocks
- Robinhood – $5 Signup Bonus
- Firstrade – 1 Free Stock
- Nvstr – $10 Signup Bonus
- Public – $10 in Stocks
- TradeUP – 2 Free Stocks + $50
- Stash – $25 Signup bonus + $50 with Direct Deposit
- Acorns – $5 Bonus plus $200+ with 4 Referrals