What this feature offers is for you to allocate Shares, Funds etc into groups which you can then allocate a percentage to each desired holding. Then each time you have a deposit of funds into our account either from dividends or deposits you would then split that as much as possible between your desired allocations in the group.
Additionally, M1 finance lets you have multiples of these custom groups added to your portfolio can also have percentages added to them. Allowing you to build a diversified portfolio without having to rely heavily on funds for diversification.
This is exactly what I suggested to Freetrade via the live chat about 2 months ago!
I thought it was an original idea but just today I discovered that Trading212 are now offering this feature and I had to search the forum to see if anyone was discussing this. Little did I know the idea predates even that! I’ve not heard of M1 finance but it sounds sweet. I believe they are US based and possibly only available to US investors, am I right?
Pies would be a great asset to have on the platform and substantially improve the investing experience for a vast majority of people in my opinion.