Roth IRA Tutorial with M1 Finance – Investing for Beginners m finance review

by autisticchiaNGMAI



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

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► M1 Finance Roth IRA:
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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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Roth IRA Tutorial with M1 Finance - Investing for Beginners

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Roth IRA Tutorial with M1 Finance – Investing for Beginners
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35 comments

Andrei Jikh 15/12/2021 - 7:12 Chiều

Do you guys prefer the Roth IRA or Traditional IRA?

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Jose Eduardo Castañeda 15/12/2021 - 7:12 Chiều

I wish you could invest in bitcoin cause you would make a tone of many tax free!

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Paul Covington 15/12/2021 - 7:12 Chiều

Does M1 Finance let you invest in Bitcoin or other Cryptos? If not, who do you recommend for that?

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Jason Merrill 15/12/2021 - 7:12 Chiều

Great video! Was going to mention that lighting but you fixed it mid-way through haha.

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Karen Franco 15/12/2021 - 7:12 Chiều

I can’t believe I’m enjoying a YouTube video about finances/ investing SO MUCH! I’ve been scrolling through hundreds of YouTube videos trying to find 97% of the information that you just provided in this video in just 13 minutes 🙌🏽👏🏽 I love you. ❤️😅

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rockin roadways 15/12/2021 - 7:12 Chiều

When is the last day to transfer $ to Roth IRA account for each year? If I start on December, thx

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Shadow Palkia 15/12/2021 - 7:12 Chiều

Can someone explain to me what the difference between a Roth IRA and stock investing on an app like Robinhood is? I can buy ETF's and stocks on both but I would assume the difference is in the tax advantages? Let me know if I am wrong, thanks!

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Benjamin 15/12/2021 - 7:12 Chiều

What would happen if you didn't contribute the full $6000 for some year?

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eric marino 15/12/2021 - 7:12 Chiều

What if you can’t max out the maximum every year?

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Cody Leon 15/12/2021 - 7:12 Chiều

VTI vs VOO?

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PLANTONE 15/12/2021 - 7:12 Chiều

Only available to Americans?

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JMC 15/12/2021 - 7:12 Chiều

Safe to say that Andrei jinxed himself in this video to start getting that YouTube money

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nathan mc dermott 15/12/2021 - 7:12 Chiều

The app doesn’t exist for me in my country of Ireland

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Aky Rozyyev 15/12/2021 - 7:12 Chiều

is it only for usa citizens ? can i also invest eventhou i am not american ?

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Shashi 15/12/2021 - 7:12 Chiều

You look completely different now 😁

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G To The J 15/12/2021 - 7:12 Chiều

This video aged well! Hadn’t seen that income change yet lol. I’m glad you finally did!

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carlos lovato 15/12/2021 - 7:12 Chiều

You're editing or editor is amazing.

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Chandler Meredith 15/12/2021 - 7:12 Chiều

Quite impressed with this. Haven’t made a million yet but I’m sure I’m my way to doing that as investing in the trade market has paid off handsomely.

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Mike Speed 15/12/2021 - 7:12 Chiều

I'm 2 years late but is that $6000 maximum contribution a year or a month

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Porn Danielle 15/12/2021 - 7:12 Chiều

SUCCESS IS NOT FINALURE; IS NOT FATAL :IT IS THE COURAGE TO CONTINUE THAT COUNTS. BUSINESS OPPORTUNITIES ARE LIKE BUSES, THERE’S ALWAYS ANOTHER ONE COMING.

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Edwin Funez 15/12/2021 - 7:12 Chiều

Thanks

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aReason YT 15/12/2021 - 7:12 Chiều

So let’s say I want to retire at 40 I can withdraw everything no problems?

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Danny Gonzalez 15/12/2021 - 7:12 Chiều

finished setting it up! great video!

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Mike Hawk 15/12/2021 - 7:12 Chiều

Do they send you a tax form at the end of the year to pay taxes on it or what

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Verenci 15/12/2021 - 7:12 Chiều

Should I do this at my bank instead ? My grandpa said if I do that the it will be like 1.8 mil when I’m 65

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Redjedi Gaming 15/12/2021 - 7:12 Chiều

VTI at $224 per share today. Great investment!

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James Tippins 15/12/2021 - 7:12 Chiều

Interesting thoughts…

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Tj Lewis 15/12/2021 - 7:12 Chiều

Great info Andrei! Love your content. What is the process of backdoor from and M1 Traditional to an M1 Roth account?

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Walter Harris 15/12/2021 - 7:12 Chiều

Just show

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Logan Ogletree 15/12/2021 - 7:12 Chiều

It's crazy how different M1 looks in just a year. :O

But fantastic app & video Andrei 🙂

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Laguna Eye Capital 15/12/2021 - 7:12 Chiều

No where near yet but look you made it

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marcus anderson 15/12/2021 - 7:12 Chiều

The youtube money joke at 5:25 is definitely incorrect in 2021

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Adler Joseph Albert 15/12/2021 - 7:12 Chiều

your intro and outro is insane

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Adler Joseph Albert 15/12/2021 - 7:12 Chiều

your my finance guy

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Daniel Soto 15/12/2021 - 7:12 Chiều

yeah right, you are not at $120k plus a year… yeah right….

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