How to Sell Stocks and Withdraw Money on M1 Finance

If you have an M1 Finance portfolio and you need to withdraw the cash you earned from dividends or you want to sell your stocks and withdraw your money, this is the video for you. The process to sell your stocks is super simple. But remember, don't panic sell! You should do this when you're ready to capture your profit.

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~~~Investment disclaimer~~~
All investment strategies and investments involve the risk of loss. Nothing contained in this video should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

00:00 Start
00:15 Intro
01:18 Tutorial Begins

[skywalker]

I’m actually selling stocks this week from my M1 account that I have gains in…only leaving VTI to build up in there👌🏾

[enchantedangel]

I know...not related to the poll you requested but this vid made me wonder about monitoring. How often do you monitor your stocks? And if you have stocks that pay dividends, how do you know it? I'm on Robinhood and still haven't figured this out. I know you've posted a vid on dividends but I need a real beginning look at how to manage them to my benefit. Thank you for all the tips you give us! Always a pleasure on my Sundays! And yes! A vid on reallocating stocks would also be helpful! 💜

[Jovel_]

I was looking for this, needed this sooo bad. Thank you

[elephantpink]

The only video that made sense. Thank you!!!

[jarc]

You have to report stock sales whether they are gains or losses because the IRS does not know if it is a gain for the seller or not.

[myeternalsin]

This was insanely helpful thank you so much!

[dominiquez]

Priceless! So, when I retire, how do I set a percentage of the total pie to go to my personal checking account?

[bradjbourgeois]

I just totaled my car, so I need to withdraw some funds to buy another one. My auto invest is always off, but every time I have sold in the past (usually by updating my portfolio by changing the stock I want to sell to 0%) it always automatically goes into another stock! How do I keep it in buying power so I can transfer to my bank? My dividends do go into buying power, but there is no way I can accumulate enough to buy a car, lol.

[Trezn]

Well I got a Roth not individual so don’t think this gone work

[ants]

How do we get the green numbers on the bottom?

[silverrush]

My account only says add bank. I do not see the blue transfer icon. Did they change the way to take out money or can I only transfer during NYSE open hours?

[ieronimo]

Is there a fee for sending the money to your checking or savings account?

[magic_fruit_bat]

You should not be on margin. If you need to pay back your margin, selling stocks could be an option. Especially nowadays with the looming recession.