M1 Monday: A New Beginning

I have been sharing my investing progress on the M1 app since May 17, 2021. M1 is a brokerage app that allows its users to create their own personal collection of stocks called “pies”. My M1 portfolio is named J.O.S.E. and consists of four pies that I named: 1.) Raging Bull, 2.) Income Every Day, 3.) Top Shotta, and 4) Flavors of the Day.

I’ll explain those wonky names as well as the composition of each in another post. M1 is a beginner-friendly app that allows its users to easily automate both their investments and automatic deposits via scheduled bank drafts.

Click here to view my M1 portfolio

It costs $100 to get started, which is kind of steep for a free investing app, other brokerages allow you to start trading with an initial deposit as low as $5. On the bright side, with M1 your $100 initial deposit gets split between all of the stocks in your pie.

For me, my initial deposit of $100 was split between 100 individual stocks and ETF’s, which in hindsight wasn’t the best decision. If you open an M1 account, I suggest starting with 25 stocks unless you’d rather build your account up to $300-$500 before you start seeing progress.

Below you will find a summary of my M1 account history. All of the deposits and stock purchases were chosen automatically, all I had to do was tell the app to deduct $15 from my account and tell the app when to make the purchases. The M1 app chose which stocks to buy and the app automatically processed the stock purchases.

M1 Transactions: 12/27/21 to 1/3/22

Morning Trading – Dec 31, 2021
95 Stocks Excluded, Buy count: 2

    CGNX Cognex Corp.
    GNTX Gentex Corp.

Dividends Issued – Dec 31, 2021

    +0.04 SPG Simon Property Group, Inc.
    +$0.01 LANC Lancaster Colony Corp.
    +$0.01 BDX Becton, Dickinson, And Co.
    +$0.01 TROW T. Rowe Price Group Inc
    +$0.01, GILD Gilead Science, Inc.

$11.55 invested – Dec 28, 2021
86 stocks Excluded, Buy count: 11

    CB Chubb Limited
    YUMC Yum China Holdings Inc
    DD DuPont de Nemours Inc
    MMM 3M Co.
    BDX Becton, Dickinson And Co.
    AND Air Products & Chemicals Inc,
    MAC Macerich Co.
    LMT Lockheed Martin Corp.
    VFC VF Corp.
    EWJ Shares MSCI Japan ETF

Deposit of $15,00 – Dec 27, 2021
Amount +$15.00