M1 Finance – A Review

This is the story about how I earn my title as a “Dividend Brother.” If you’ve been keeping up with my Trade Journal entries, you might be wondering, “Where are all of Joseph’s great dividend stocks?” The answer is they’ve been here all along, I just haven’t gotten around to writing about them until now. So, let me tell you about my dividend investing strategy, M1 Finance, and why you might consider using a similar strategy with this broker.

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2020: Week 13

A couple things became very clear to me this week. First, I have to modify my trading strategy and style slightly due to the pandemic crisis and due to my microscopic funds. Second, for the same reasons I need to stick with trading one ticker for the time being. I bet if I let you all take a guess, those of you who have read my previous journal entries would be able to guess which ticker symbol that will be.

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Fear and Greed in a Pandemic

Warren Buffett is likely the most quoted investor of all time. One of his most popular quotes has never been more relevant or bandied about then it is right now.

“Be fearful when others are greedy and greedy when others are fearful.”

Warren Buffet

The fear in the market has created deep discounts and bargains in every sector. It is overwhelming and tantalizing. Companies with strong balance sheets, decades of dividend reliability, and bulwark business models, even in a recession, are now trading at levels investors could only dream of a few months ago.

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2020: Week 12

It was time to pay the piper this past week, and pay I did. The options I sold long before the pandemic hit expired. Options sold in the first week of the pandemic expired. In the former case, I can take the losses with my chin up. I followed my strategy and I got hit by the unexpected. In the latter case I’ll be taking those losses right on the chin. I jumped into a volatile situation I did not fully grasp and it cost me. My premature decision along with my older position set me back $143.

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Hello, Neighbor

It’s been hard for me to write about finance, trading, or the markets lately. Not because they haven’t been wildly interesting (and a little frightening), but because they seem a little less important right now. I am still paying very much attention to the markets, but I don’t feel I have anything to say about the situation that many other people aren’t already saying. Then, yesterday, it finally hit me. I can write about the other kinds of dividends I am pursuing. Since my brother and I started this website, it has been my plan to include articles about what I am calling “Life Dividends.” Because there is so much more to having a rich life than money. So, here’s the first one.

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