How to auto invest in m1 finance

## Auto Investing with M1 Finance

M1 Finance is a modern investment platform that offers a unique and automated approach to investing. Its Auto Invest feature allows users to set up recurring investments based on their financial goals and preferences, making it effortless to build and grow their wealth over time.

### Benefits of Auto Investing

Auto investing with M1 Finance offers several advantages:

* **Convenience:** Automating your investments eliminates the hassle of manually making contributions and adjusting your portfolio.
* **Consistency:** Auto investing ensures regular contributions, regardless of market conditions or your personal schedule.
* **Discipline:** By setting up automatic investments, you remove the temptation to deviate from your financial plan.
* **Effortlessness:** Once configured, Auto Invest takes care of the investment process, freeing up your time and attention.

### How to Auto Invest with M1 Finance

**1. Create an M1 Finance Account**

To start auto investing with M1 Finance, you first need to create an account on their website or mobile app. The account creation process is straightforward and involves providing personal and financial information.

**2. Set Up Your Investment Pie**

An M1 Finance “Pie” is a personalized investment portfolio made up of stocks, bonds, and ETFs. When setting up your auto investments, you’ll need to create a Pie that aligns with your risk tolerance and financial goals.

**3. Configure Auto Invest**

Once your Investment Pie is in place, you can configure Auto Invest by following these steps:

* Navigate to the “Auto Invest” tab in your Dashboard.
* Select the Investment Pie you want to auto invest with.
* Determine the frequency of your investments (daily, weekly, monthly).
* Specify the amount you want to invest each time.
* Choose your funding source (checking account, debit card, etc.).

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**4. Enable Auto Invest**

After configuring your auto investment settings, review them carefully to ensure accuracy. Once satisfied, click the “Enable Auto Invest” button to activate the feature.

### Advanced Auto Invest Features

M1 Finance offers advanced auto invest features that provide even greater control over your investments:

* **Dynamic Rebalancing:** Automatically adjust the allocation of your Investment Pie based on market changes and your target asset allocation.
* **Dividend Reinvestment:** Automatically reinvest dividends back into your Investment Pie, compounding your returns over time.
* **Tax-Loss Harvesting:** Automatically sell underperforming assets to offset capital gains and reduce your tax liability (available for taxable accounts only).

### Managing Your Auto Investments

Once you’ve set up Auto Invest, it’s important to monitor your investments regularly to ensure they continue to align with your financial goals. M1 Finance provides various tools and reports to help you track your progress and make adjustments as needed.

**1. Dashboard Overview:** The Dashboard provides a quick snapshot of your investment performance, including your Pie’s progress towards your target allocation.

**2. Performance Report:** The Performance Report offers a detailed analysis of your investments, including returns, asset allocation, and tax information.

**3. Account Statements:** Account Statements provide monthly or quarterly summaries of your investment activity, including contributions, earnings, and withdrawals.

### Conclusion

Auto investing with M1 Finance is a convenient and effective way to build a diversified investment portfolio and reach your financial goals. By automating the investment process, you can ensure consistency, discipline, and effortless growth of your wealth over time. Whether you’re a new investor or an experienced trader, Auto Invest can help you simplify and enhance your investment strategy.

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