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If one outperforms and notionally grows to be 30% of the overall portfolio and you rebalanced the main portfolio you will reallocate the extra 5% to the other portfolios to rebalance the entirety to 25% each.

Yup. That's why I said that an MI person probably doesn't want to rebalance at the top-level portfolio.


I don't recall what the minimum account/trade size is at M1 but it is fairly small.

$100.


You may want to experiment with a small test account. Unfortunately M1 does not offer paper trading.

But it does offer the next-best thing--at least for setting up your portfolio(s). Nothing trades on weekends or evenings, so you can fiddle with defining and setting up your pies & slices & portfolios then. And then delete or disable everything before the Monday open.
I had to do this a couple of times before I came to my understanding of how this pie/slice/portfolio thing worked.

Or....Minimum initial deposit is $100. And minimum stock purchase is $1. You can deposit $100 and piddle around setting up things and see how it goes. And if you don't like the way things work, just sell everything and take back the cash. The most it will cost you is $100, and most likely you'll get all or almost all of your money back.
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