In this video I discuss my Robinhood and M1 Finance portfolios. I also discuss the two methods I use to add additional money to my portfolio (outside what I earn at my job). I take advantage of my Discover credit card's cashback program. I receive 1% cashback on everything, 5% on select rotating categories, and at the end of a year Discover will match the cashback I've received over the year. Since I opened the credit card account, I have received $70 in cashback which was how I was able to earn $70 of "free" stock as I invested my cashback into my M1 Finance portfolio.
Please note I pay off my credit car in full every month so that I do not get charged interest. If you sign up with this link below for a Discover card, we both receive a $50 statement credit when you make your first purchase.
Discover Card:
Please do your own research on credit cards and determine if a credit card is right for you.
My M1 Finance portfolio consists of dividend stocks. My goal for this portfolio is to grow the dividend payments I receive over time. This portfolio owns companies like Coca Cola (KO), Wal-Mart (WMT), Waste Management (WM) and many more.
Join M1 Finance and we each get $20 to invest.
My Robinhood portfolio is made up partly of dividend paying stocks, but also some growth stocks like Chegg.
Join Robinhood and we each get a free share of stock.
The goal for my M1 Finance dividend portfolio is to get to the point to where I can pay bills with the dividends I receive. My Robinhood investment portfolio is more focused on capital appreciation and overall growth.
M1 Finance is a great platform for passive investing and dividend investing. Robinhood is better for active trading and swing trading of stocks and ETFs.
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