I’m dropping M1. It came highly recommended by Jonathan I think, and I was using the free version, with weekly contributions. Now they are changing it to charge everyone $3/month instead of a free version and a pro version for $5/month.
I understand their change, but I don’t see the need to pay the monthly subscription.
Transferring assets into, bring my portfolio up to $10,000 (and waiving the monthly fee) would cost $75 so that’s not worth it.
Transferring assets out of it and closing my account will cost $100, so I’m not doing that either. Instead I’m selling assets and closing my account and reinvesting at my other broker. I’ll be paying taxes on gains and bumping up my baseline.
Unfortunate, but I don’t want to pay the fee.