How to keep a minimum cash balance in my M1 Invest account

 

All accounts have Auto-invest enabled with a $0 minimum cash balance and a $25 trading threshold 

All accounts have Auto- Invest turned on by default and a minimum cash balance of $0 with a $25 minimum threshold required to trade. This means that any time your cash balance meets or exceeds $25, M1 will automatically invest that entire cash balance into your portfolio. 

 

Increase your minimum cash balance

M1 allows you to increase the minimum cash balance amount that you want to keep uninvested in your account. With your auto-invest turned on, once you exceed the $25 minimum trading threshold above your minimum cash balance amount, that $25 or more above your minimum cash balance will be automatically invested into your portfolio. This way, you can let your cash trade automatically, while ensuring you have a minimum cash balance to cover any fees and prevent sells of securities in your portfolio. 

 

Below are examples on how to set your minimum cash balance on M1’s web and mobile versions of the platform: 

 

Web:

1. Go to the Invest tab. 

M1 Finance web account screen Invest tab

2. Turn Auto-Invest on. 

M1 Finance web account screen showing auto invest as turned on in Invest tab

3. Set your minimum cash balance to the amount you’d like to remain in cash. 

M1 Finance web account screen showing minimum cash balance as $1000

Example: If your set minimum is $1,000, trading will be initiated whenever your cash balance reaches or exceeds $1,025. All cash in excess of $1000 will be invested, and $1,000 will remain in your cash balance.

 

Mobile:  

1. Go to the Invest tab. 

M1 Finance mobile account screen showing portfolio on Invest tab

2. Swipe up on the bottom bar where it shows your cash balance. 

M1 Finance mobile account screen showing auto invest settings when swiping up on bottom bar

3. Click on the “Auto-invest” blue bar and toggle Auto-invest on. 

M1 Finance mobile account screen showing auto invest turned on

4. Click on “set auto-invest minimum” under the Auto-invest toggle. 

M1 Finance mobile app showing minimum cash balance at default of $0

5. Set your minimum cash balance to the amount you’d like to remain in cash. 

M1 Finance mobile account screen showing auto invest minimum as $1000

If your set minimum is $1,000, trading will be initiated whenever your cash balance reaches or exceeds $1,025. All cash in excess of $1000 will be invested, and $1,000 will remain in your cash balance. 

M1 Finance mobile account screen showing auto invest showing minimum account balance of $1000

Learn more about Auto-invest settings. 

 

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