Acorns Easy, Simple Way to Investing

[OneTimeforTheMind]

Who are using it? What has your growth been like?

If you want to try tap the link brehs and brehettes
https://acorns.com/invite/LPM3T9

1$ a month, use spare change app rounds up your debit credit purchases. Easy way to save and make a little return.

You cant lose your money when its diversified portfolio too.

Dr. BOYCE WATKINS talks a lot about this?

 

[Silkk]

I like it

 

[OneTimeforTheMind]

I like it

Same here...it is tempti g to invest all my round ups. Was amazed at how muvh money i had in the bank i had to wait to be given back to me frim roundups in tbe past few weeks

 

[Renkz]

Same here...it is tempti g to invest all my round ups. Was amazed at how muvh money i had in the bank i had to wait to be given back to me frim roundups in tbe past few weeks

How much

 

[OneTimeforTheMind]

A G

 

[OneTimeforTheMind]

How much

At least a couple hundred...usually it just ends up getting spent...

 

[MJ Truth]

How does it work and have any of y'all had any negative situations with it?

 

[mamba]

How does it work and have any of y'all had any negative situations with it?

The app essentially automatically rounds up any purchase you make to the nearest dollar and invests the delta to get there.

In other words, if you buy a pack of extra small rubbers for $7.50, Acorns will pull $0.50 from your linked bank account to round up to $8.00. It takes that $0.50 and invests in ETFs according to your risk profile.

You can also setup recurring investments.

I have a $5 daily recurring investment on top of the roundups. I have a few thousand dollars in my Acorns account. Earning a lot of dividends, which get reinvested.

 

[satam55]

Just something to note, there are a couple of similar competitor apps to "Acorns". There is "Stash" & the other 1 is "Clink".

 

[Neuromancer]

The app essentially automatically rounds up any purchase you make to the nearest dollar and invests the delta to get there.

In other words, if you buy a pack of extra small rubbers for $7.50, Acorns will pull $0.50 from your linked bank account to round up to $8.00. It takes that $0.50 and invests in ETFs according to your risk profile.

You can also setup recurring investments.

I have a $5 daily recurring investment on top of the roundups. I have a few thousand dollars in my Acorns account. Earning a lot of dividends, which get reinvested.

sounds like Stash.

 

[mamba]

sounds like Stash.

They are work basically the same.

Same fee structures, etc.

 

[Neuromancer]

They are work basically the same.

Same fee structures, etc.

Makes sense. I need to become a smarter investor.

 

[el_oh_el]

I'm going to check this out. Good lookin out OP

 

[nomoreneveragain]

I'm gonna use my student email and sign up for Acorn. Since it'll be free for 4 years

but is any one platform better than the other? e.g stash or robinhood?

 

[Dat Migo]

I'm gonna use my student email and sign up for Acorn. Since it'll be free for 4 years

but is any one platform better than the other? e.g stash or robinhood?

Stash is for etfs and robinhood is for stocks.