Show HN: M1 Borrow – free investing and 3.75% APR portfolio line of credit (opens in new tab)

(m1finance.com)

11 pointsrryyan7y ago3 comments

3 comments

Hello HN, M1 Finance is introducing our newest feature today: M1 Borrow. M1 already lets you invest in the stocks you want for free, and now we also offer a simple, low-cost way to borrow against your portfolio.

Borrow up to 35% of your account value instantly at 3.75% APR and pay back anytime. Use the funds for any purpose: make a large upfront purchase (car/wedding/remodel/etc.) without selling positions, refinance other debt, or just leverage your portfolio.

I lead the product team at M1, and would love your feedback!

Veraticus7y ago

This is pretty exciting; having margin available for the less-than-ultra-wealthy is neat. What's the minimum amount necessary to invest that gives access to borrowing?

rryyanOP7y ago

Taxable (non-IRA) accounts with at least $25k are eligible to borrow against.

j / k navigate · click thread line to collapse

3 comments

rryyanOP7y ago

I lead the product team at M1, and would love your feedback!

Veraticus7y ago

This is pretty exciting; having margin available for the less-than-ultra-wealthy is neat. What's the minimum amount necessary to invest that gives access to borrowing?

rryyanOP7y ago

Taxable (non-IRA) accounts with at least $25k are eligible to borrow against.

j / k navigate · click thread line to collapse