Core Portfolios is good for novice investors who want a hands-off approach. However, the $500 minimum investment amount and 0.30% annual fee make this type of account somewhat less easy to get started and more expensive to have when compared to industry competitors, many of which have a $100 minimum investment to open an account and lower advisory fees.<\/p>" } } , { "@type": "Question", "name": "How Much Is a Core Portfolio on E*TRADE?", "acceptedAnswer": { "@type": "Answer", "text": "
E*TRADE Core Portfolios customers must have $500 to open an account and pay a 0.30% annual flat fee. The fee is based on your account balance, so a portfolio with a minimum amount of $500 would pay $1.50 annually.<\/p>" } } , { "@type": "Question", "name": "Is M1 Finance Good for Beginners?", "acceptedAnswer": { "@type": "Answer", "text": "
M1 Finance is much better suited to more experienced investors. Because there is so much flexibility with what investments you can choose and no initial questionnaire to guide investing choices, it is important that a client know what their goals, risk tolerance, and time horizon are and be able to choose their own investments to reach those goals.<\/p>" } } ] } ] } ]