Investing

M1 Finance vs Charles Schwab | Best Commission Free Brokerage?

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(FREE TRAINING) M1 Finance For Beginners: https://ryanoscribner.com/m1-training
Sign Up For M1 Finance: https://ryanoscribner.com/m1-finance6

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DISCLAIMER: Ryan Scribner, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Ryan Scribner’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence.

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39 Comments

  1. Ryan Scribner
    July 22, 2021 at 8:09 pm

    (FREE TRAINING) M1 Finance For Beginners: https://ryanoscribner.com/m1-training

  2. Edge of David
    July 22, 2021 at 8:09 pm

    I’m an expat. Their checking account reimburses all atm fees and the brokerage account is on par with m1 finance if not better. So for me it’s Schwab all the way.

  3. Rob Burke
    July 22, 2021 at 8:09 pm

    I don't understand why people in their 20s-30s are using these apps. Shouldn't you be maxing out your 401k or workplace retirement accounts first?

  4. ayla wonderland
    July 22, 2021 at 8:09 pm

    Is webull a good option for long term investing?

  5. Melody Browser
    July 22, 2021 at 8:09 pm

    Do Schwab offers Index Funds?

  6. H McGill
    July 22, 2021 at 8:09 pm

    Thanks, this was very helpful

  7. Jimna Hilaire
    July 22, 2021 at 8:09 pm

    Very helpful for a beginner…thank you

  8. Mr. Stranger
    July 22, 2021 at 8:09 pm

    Does Charles Schwab have financial advisors?

  9. Chad N Melissa
    July 22, 2021 at 8:09 pm

    I have a question about charles Schwab checking and the company in general. I've watched alot of videos from different youtubers and they all say great things about them. On the other hand, I've read reviews on Yelp, Wallethub, and even B.B.B, better buisness bureau, they all have horrible reviews on all 3 of these review websites. Why is this? And what's the real story, who should we trust with our money? These are horrible reviews on these websites. Can you help explain this.

  10. Bruce Rowe
    July 22, 2021 at 8:09 pm

    Thanks M1 is a beginner's platform, and sounds restricted in many ways. I trade penny stocks, and had a previous brokerage firm, and they did not list the stock I wanted to buy. I couldn't trade the stock until I called the brokerage firm and had them list it, that took a week, needless to say that stock started going up and I could not buy into it at a good buy in point. With Schwab I have found that they have all the stocks listed. But than again I have more experience, even though I still have a lot to learn. Thanks for telling me about M1.
    Doesn't sound like M1 would be something one would stay with long term.

  11. Jon Smith
    July 22, 2021 at 8:09 pm

    Schwab also offers custodial account while M1 Finance doesn’t.

  12. Republic
    July 22, 2021 at 8:09 pm

    I transferred all funds outta schwab into M1

  13. Ryan James
    July 22, 2021 at 8:09 pm

    BIASED

  14. SAGEM1A4Me
    July 22, 2021 at 8:09 pm

    I appreciate the fact you did mention fractional shares in the video. I just wanted to say that in the future it may be worth writing on the board as I think it is a big deal to many people especially those wanting some Berkshire, Amazon, or possibly Tesla here pretty soon. I have outgrown my brokerage and am looking for the next one and fractional shares are the think that's eliminating many brokerages for me. I think I'll be going with Schwab

  15. Coach Jason Larkins - Let’s Talk Cheer
    July 22, 2021 at 8:09 pm

    For a ROTH IRA account with M1, after the $500 initial investment, is there a minimum amount to transfer from your bank account?

  16. BLACKAHTnVEEZY
    July 22, 2021 at 8:09 pm

    Ryan are you using Schwab? So is there a point in using Robinhood anymore? The competition between these companies causes a constant moving around of your funds from account to account. I'm exausted lol. I just want an all in one place to be. For free, with hopefully a decent APY lol, would you say Schwab is the package deal? Also, is it $0 minimum for Schwab retirement? And do they really charge if you try to leave Schwab? Thanks.

  17. MJL
    July 22, 2021 at 8:09 pm

    I've been using Schwab for over 20 years, they are great. I can call and talk to someone with no issues and they always satisfy my requests.
    Good video.

  18. Dan
    July 22, 2021 at 8:09 pm

    can I use Schwab from Romania as a long term stock investor? (hand picked stocks); how would any gains be taxed and how often? by the US and Romania

  19. Dan
    July 22, 2021 at 8:09 pm

    their robot is still both very conservative and gives subpar longterm results, probably because it deducts means though which they would gain their own profits. For example, if a value should double over 12 years, with Charles Schwab you only get x1.9

  20. tammy johnson
    July 22, 2021 at 8:09 pm

    Thanks

  21. David Smythe
    July 22, 2021 at 8:09 pm

    Schwab has 24/7 live support with real people. M1, your lucky to get a reply to your email for support within a week if ever.

  22. AJ
    July 22, 2021 at 8:09 pm

    M1 offers a second trade window with plus.

  23. Hich Am
    July 22, 2021 at 8:09 pm

    vS charges a hefty fee for I international stocks, If you like Ali Baba for example you better be careful what brokerage you choose.

  24. Dennis B
    July 22, 2021 at 8:09 pm

    Thanks Ryan always a good video thank you

  25. Kenny Nofal
    July 22, 2021 at 8:09 pm

    Schwab is a way better company hands down

  26. old school nomad
    July 22, 2021 at 8:09 pm

    Another down side of M1 is the limited availability of Preferred stocks other than in an ETF so far I have found only 7 preferred stocks in M1. ECCA, ECCB, ESGRO, FITBI, HBANO, NGHCO, AND BPOPN.

  27. MrOliverWilliams
    July 22, 2021 at 8:09 pm

    CS fractional share is already live. FYI.

  28. Kevin Bailey
    July 22, 2021 at 8:09 pm

    Another advantage of M1 is the ability to set up automatic periodic investments ("dollar cost averaging"). You can buy dollar amounts in stocks, and do not have to buy whole shares. For example if you like Schwab U.S. Dividend Equity ETF (SCHD), but can only commit, say, $50/month, you can set up the automatic investment monthly and have all the money invested instead of waiting until you have sufficient funds in cash to buy a whole share.

  29. Silentninja
    July 22, 2021 at 8:09 pm

    It was nice knowing you m1 finance

  30. Cole Berhorst
    July 22, 2021 at 8:09 pm

    Does Charles Schwab have auto reinvestment based on portfolio weights like M1? Also M1 just has a very nice interface. Though Charles Schwab has credit card offerings for some fairly nice cards if I remember.

  31. BubbaHensleyCoach
    July 22, 2021 at 8:09 pm

    Cool Video. Bro the Dow is kicking a** today as of 3:15 Eastern

  32. Nick Kaboom
    July 22, 2021 at 8:09 pm

    Doesn’t Schwab have more research and data available?

  33. Mr. Berry
    July 22, 2021 at 8:09 pm

    Charles Schwab, but I do like M1 Finance for dividend investing.

    * CS for IRA accounts.
    * M1 for long-term dividend hoarding.

  34. Invest The Market
    July 22, 2021 at 8:09 pm

    Great video ryan I current use freetrade which is Uk based but I’ll be sure to look at these two 🙂

  35. Gabby Gilbert
    July 22, 2021 at 8:09 pm

    So you need $100 to open an account with M1. But every time you add money does it need to be at least $100 or can you add $10 at a time?

  36. Moki Finance
    July 22, 2021 at 8:09 pm

    You forgot to mention Schwab charges a fee if you close your account with them

  37. Al fishtung
    July 22, 2021 at 8:09 pm

    Never been the second commenter. Not bad for the first time.

  38. David Caruana - Investing
    July 22, 2021 at 8:09 pm

    Great video Ryan! I personally use and love M1 Finance, i think the pie system coupled with their DRIP feature is incredible. I do think with the limited trading window M1 Finance is really tailored towards Long Term Dividend Investors. I do think over time competition will make them rethink those trading windows limitations.

  39. HappleR
    July 22, 2021 at 8:09 pm

    Thanks for the video ryan,
    You should definitely do a platform review of charles schwab on both Mobile and pc. No body has done this on youtube and i think doing that will definitely help people understand how to clearly use Charles Schwab. I’m thinking of switching there from M1 however I’m hesitant on the ease of using their app. I’m very comfortable using M1 App thanks to you. Good day!