First edit by adding the new replacements to the "basket". No trade yet
The new stocks will show in the "basket" as zero $ amount.

When the market is open Select and "SELL" each Old stocks with the all selection.
With the cash funds available "Buy" in equal amounts to each NEW stock.


Yeah, but...

That's exactly the steps you would take to do it in a regular non-basket account.

Sell the old stocks.
Figure out how much of each new stock to buy.
You tell it dollar amount to buy.
Now the actual weights have no bearing on the "target weights". The target weights have nothing to do with anything until you rebalance.

How is baskets no any different than a non-basket account?
Oh, it is a one-click to buy or sell multiple stocks.
Market orders only.
Which can only be submitted when the market is open.

Not worth $5/mo for running monthly MI-type screens.
Not even worth it if it was free.
Same work on your part but also comes with more restrictions.

Too bad, I was hoping it made sense to move an account from M1-Finance to FIDO.

Mechanical Investing FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.