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This is an M1 Pie using the Betterment SmartSaver portfolio

Betterment Smartsaver-style M1 Pie

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More Thoughts on Betterment Vs M1

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Betterment has a superior user interface in most regards. You can drill down and see how many shares you have in each fund in your underlying portfolio, the charts are reasonably easy to understand and you get a nice bird's-eye view of all of your accounts after logging in. While M1 has a superior fee structure (free!), if you truly want to mimic Betterment, you're probably going to be opening a couple of different accounts. You can lump all of your taxable investments into one account holding multiple pies (similar to Betterment). However - the key difference here is that you can't put money directly into one pie like you can apply funds to a goal at Betterment. Your deposits are distributed by the percentages you allocate to the pie. This can, quite possibly, hinder your investment goals. For example, let's say you have two very different goals in one account - one Savings, one Growth - Your start with $1000 in each pie and the Pie contributions are split 50/...
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Not High on Marijuana Stocks

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The marijuana industry is starting to shape up as legalization keeps gaining speed in the United States and Canada. Right now, Canada, with nationwide legalization, will look to be the litmus test in terms of publicly traded companies with truly nationwide reach. The United States is quite a bit more fragmented as states have pursued legalization independent of the federal government's authority. In terms of the United States - here's what I'm seeing: Alcohol and Tobacco companies will plant a foot in the market. While there has been a lot of news about marijuana-infused drinks coming out I believe the greater opportunity is in distribution. Large tobacco and alcohol businesses have a significant advantage in operating in multi-state distribution of highly regulated products. The downside I see is that these larger businesses may be slow to enter, giving room for smaller distributors to learn to adapt to multiple regulatory environments. If this is the case, these smal...
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Portfolio Visualizer

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While I've written about my use of M1 and Betterment - and provided a high-level overview of what can be done, I have also been looking for ways to improve - including managing risk A great site you should consider is PortfolioVisualizer . It is a nice suite of tools that allow you to backtest various scenarios as well as run optimizations, backtests and simulations. Although my personally-saved portfolios can not be viewed directly, you can see one-such strategy I've been toying with here . Here's a quick snapshot of what I've come up with: The Hypothetical System: The Timing Portfolio consists of four ETFs: BND BNDX VTI VXUS UPRO TMF In this strategy, at the end of every month I look back over the prior 5 months and pick the 3 best performers and weight according to inverse volatility. It may be the same ETF selection for a few months with different weightings. It may be all selections from the list of ETFs. Every month you end up with a m...
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