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M1 Finance Dividend Reinvestment - How To Reinvest Dividends With Less Than $10 - YouTube
Channel: BrentInvesting
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hello everyone and thanks for tuning
into the financial investor channel my
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name is Brent and today we're gonna go
ahead and learn how to reinvest our
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dividends without hitting that $10
threshold now the last time I did this I
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had gone through and sold a portion of
my equity in order to reinvest my
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dividends in today's video we're gonna
go into the m1 finance platform and just
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set a buy order of the amount of cash
that I have sitting in the account and
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if it goes through then it will work for
you so if you are brand new to the
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channel have not yet subscribed hit that
subscribe button below I cover the stock
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market dividends real estate personal
finance if you have any questions
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comments you'd like leave some
information drop it into that comment
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section I do you read and reply to all
your comments and of course if you do
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like this video I would HIGHLY
appreciate if you hit the thumbs up and
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let's go ahead and get into the video
I'm gonna go ahead and flip my shirt
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around here and we're gonna be inside
the m1 finance platform m1 finance was
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currently running a referral program
here in July so if you guys are
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interested in checking out m1 finance
definitely check it out there will be a
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link down in the comment section below
it's a great platform you get free buys
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and sells partial shares retirement
accounts you can schedule deposits to
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hit your mo finance portfolio your
account when you want it Monday through
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Friday or every week or every month or
just whatever works for you and you can
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set it up to have Auto investing
features so that every time you add ten
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dollars or more into the account as far
as equity it'll automatically reinvest
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into your portfolio based off your
target percentages you have preset so
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that is m1 finance there in a nutshell
so here up at the top we have two
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dollars and 61 cents setting in cash now
this is from dividends I recently
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received a dividend it does not look it
doesn't show up my tivity tab at all
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I know m1 finance we can see here cash
261 but there's really no way of knowing
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what paid that out without going into
the holding company but here if I select
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here on trading it will not show me
where
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this cash came from I just have two
dollars and 61 cents sitting in there I
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would normally be able to come down here
and take a look and say okay dividends
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that were paid out to 67 from vu but
this was back on April 3rd 2019 we're
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now three months from them and that is
why we are giving this here in July
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because vu recently paid out two dollars
and 61 cents but we're gonna go ahead
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and reinvest this didn't so what we want
to go ahead and do is here on the main
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screen is select buy now we're gonna go
ahead and do that orders must be more
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than $10 let's see what happens if I
make a $10 buy order that allows me to
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do that I go ahead and confirm and now
dream the next trade window and one
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finance should automatically invest my
two dollars and 61 cents back into the
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account I don't have to sell a portion
of Voe in order to hit that ten dollar
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threshold here I set a buy order for $10
but I don't have ten dollars in the
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account so it should take my two dollars
and 61 cents of cash and automatically
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reinvest that back into ticker symbol vu
now that of course tracks the S&P 500
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I'm gonna go ahead and wait until Friday
because currently it is it is currently
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July 3rd 2019 the markets closed July
4th this tomorrow happy Independence Day
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for all of you and the markets are
currently closed here on the 4th so I
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will be doing an updated video going
over if this trade had gone through and
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then we'll kind of include this here
towards the end so I'm gonna go ahead
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and skip ahead to the next day and we'll
continue it there okay we have jumped a
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head end time end up at the top we now
have a cash balance of zero dollars now
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what we did was earlier the day prior we
had set up our buy order of $10 now we
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only had two dollars and some change
sitting in the account m1 finance if we
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take a look at our activity tab now
reinvested those dividends of two
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dollars and 61 cents back into ticker
symbol vu which tracks the S&P 500 so
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here I can go ahead and select the
activity and I could go ahead and show
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that dividends that were paid out or two
dollars and 61 cents and we had a buy
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order of two dollars and 61 cents so by
doing this process I was able to
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reinvest those dividends 100 percent
free I did not need the ten dollars
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sitting in the account in order to hit
that threshold and m1 Finance performed
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that on the next fall teen on on the
following day once the markets were back
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opened after the fourth of July so that
is pretty much what took place again
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what you need to do is you have cash
sitting in the account and you want to
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have it invested into a exchange-traded
fund or into a single stock or pie what
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you would want to do again is select
your specific PI target it by hitting
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buy sell in here you would specifically
target at least a minimum of ten dollars
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hit continue and confirm what this will
do is every time you have any sort of
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cash sitting in the and the balance
there and one Finance will take whatever
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cash is there and it will roll it into
whatever stocks or exchange-traded funds
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that you have specifically targeted
those funds to sit here you can see I
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have a pending buy of ten dollars now I
don't have any cash that in the account
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but the next time that I have a referral
a link is in the comment section below
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if you guys haven't checked out my
finance
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they are currently running a twenty
dollar referral here in July so if you
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were to select that sign up for the m1
finance platform you and I would both
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get twenty dollars the cash dear I have
a pending buy of ten dollars and one
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finance would automatically trigger that
$10 into boom so that is it I wanted to
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cover for today's video I hope this was
really beneficial for you you can see
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here that we've jumped up a few days
here it's July 8th now this is the
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performance we had a slight
a positive day here on Tuesday go it
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into the Fed on Wednesday but we're
exactly right where we were at 22.5 5 up
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but now we've actually been paid and
earned that full $9.33
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within this portfolio so that is it for
today's video if you guys have enjoyed
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this video hit the thumbs up I
appreciate those thumbs up if you have
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not yet subscribed to the channel I
would appreciate it if you hit the
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subscribe button below I cover the stock
market dividend let's say personal
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finance and of course if you have any
questions about the stock market
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dividends real say m1 finance or other
broker that you see here covered on the
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channel let me know in the comment
section below I do read and reply to all
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your comments and thank you all for
tuning in I will see you next time have
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a great day bye
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