If you aren’t already familiar with Motif Investing, I would first recommend that you check out my review:
You won’t find any products or services on my blog that I don’t either currently use or have used and would recommend.
Once I did a little research on Motif, I had to give it a try. I’ve always been interesting in index funds and etf’s but couldn’t justify buying them over individual stocks due to management fees. Motif Investing allows the diversity of these funds without the management fees.
What I did was construct a Motif of all 30 stocks in the Dow Jones Industrial Average and weighted them accordingly with their current weights. I do own some of these companies already but there are a lot on the list that I don’t own.
I then made an approximately $2k purchase that looks like this: (You can find this Motif I built here: DOW30 Motif)
The entire purchase of 30 stocks cost me just $9.95! However, since I funded my account with $2k and have made one trade, I’m eligible for a credit of $50. If I make up to 5 trades in 45 days then I’ll receive $150. I figured this was a good enough reason to open an account and try it out.
The YOC for my Dow 30 Motif is currently around 2.3%. I think this is a great way to get additional diversification and add to a lot of companies at once even if you don’t have a huge budget. I may eventually look at adding a basket of bonds or growth stocks.
I’ll be sure and share any other Motif purchases or ideas I have.