Acorns Easy, Simple Way to Investing

[OneTimeforTheMind]

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

https://acorns.com/invite/LPM3T9

Go for it. Another wave to save money and make a return.

 

[OneTimeforTheMind]

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?

Not really, all three are diversified portfolio stock apps.

https://acorns.com/invite/LPM3T9

Its the easy way to invest without losing money.

 

[OneTimeforTheMind]

They are work basically the same.

Same fee structures, etc.

Ditto, same ish same concept

 

[OneTimeforTheMind]

Changed my portfolio to Moderately Aggressive before the gop tax annoucement seeing higher returns already within a month and I havent lost money.

Sign up brehs and brehettes and build some longetivitey wealth https://acorns.com/invite/LPM3T9

 

[An ashy lil fap hand]

Almost 2 weeks in and I really like it. Good way to save and get a little on top. Definitely learning a lot, too. I'm 100 bucks in on aggressive. I said screw the government bonds.

 

[OneTimeforTheMind]

Almost 2 weeks in and I really like it. Good way to save and get a little on top. Definitely learning a lot, too. I'm 100 bucks in on aggressive. I said screw the government bonds.

Its better than a savings account although they say have emergency cash first before you invest.

I am about to go aggressive too and screw the government bonds.

 

[OneTimeforTheMind]

Changed over to aggressive money already went up by a dollar over in a hour.

 

[O.iatlhawksfan]

I love it! Didn't know I could change it to aggressive

 

[satam55]

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

For real? I might have to check for this.

Real talk, there should be a dedicated thread for free stuff & discounts you can get with a student email address.

 

[An ashy lil fap hand]

Anyone used the found money feature? It's where companies invest in you if you buy their products. Gonna try it next time I need shoes or something. The list of participating brands looks cool.

Also made my first withdraw. It was minor. But I wanna know how fast I can get my money back.

Bonus: made my first .01 in dividends

 

[MJ Truth]

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.

 

[mamba]

 

[humble Hermit]

Is this similar to the betterment app?

 

[mamba]

Is this similar to the betterment app?

Somewhat similar in that they invest your money in low-cost ETFs.

For Acorns, you can do an auto recurring investment. But, you can also do the round-ups. In other words, if you spend $40.50 on a Plan B pill for some thot you raw dogged on a Friday night, Acorns will pull $0.50 from your linked checking/savings account and make it an even $41. The $0.50 gets invested in ETFs.

For Betterment, most people use it to do a recurring investment. But, it also has a feature that monitors your checking/savings account and determines a "healthy" level of money for that account and invests the excess. In other words, if you have a running monthly average of $2000 in your linked account and your average monthly outflow is only $700, Betterment will work to invest the excess $1300 on your behalf. It has some good algorithms to monitor this.

Hope that all makes sense. I've been drinking!

 

[Kinguno]

When I lost my job the acorns app paid my bills for four months