![]() There are several ways you can invest money with Acorns: One-Time investments, Recurring Investments, Round-Ups and Found Money. If you want even more detailed information, you can download the Vanguard prospectus. If you click on each one, you’ll see a graph showing the market gains/losses, along with more detailed information about year-to-date returns. It’s a mixture of large company stocks, emerging market stocks, government bonds, international large company stocks, small company stocks, real estate stocks and corporate bonds. Here’s an example of what the portfolio (managed by Vanguard) looks like: I chose Moderately Aggressive – “A moderately aggressive portfolio is most appropriate for those with longer time horizons, young in age, and a higher risk tolerance.” There’s a questionnaire they use to recommend the best investing strategy for you, but you can choose whichever portfolio you want. When you sign up to Acorns you’ll be asked to choose a portfolio type Conservative, Moderately Conservative, Moderate, Moderately Aggressive or Aggressive. I’ve been using the Acorns app for the last couple of months, so I thought I’d give you the lowdown on how it works and what I like about it. It’s designed to make investing easy, so you don’t really think about it, it just comes straight out of your account. A friend of mine recommended Acorns, which allows you to invest your spare change, as well as investing money on a regular basis with recurring payments. As I got wiser to the concept of investing, I started experimenting with stocks, cryptocurrencies and various spare change apps. I started to look for extra ways to make money and began reading about investing. The Acorns app is available to download for free in both the App Store (for iOS), where it has 4.7/5 stars, and on Google Play (for Android), where it has 4.6/5 stars at the time this article was written.In my 20s I just spent whatever money came in, but when I reached my 30s I became more financially conscious and decided that perhaps it was time to think about, you know, actually saving for a house. Its educational resources include a “Money Basics” blog and Grow + CNBC website. If you're set on really learning the ropes of the stock market, Acorns offers custom financial literacy content on the go. You can even opt to create an ESG portfolio which will be composed of ETFs that provide exposure to more sustainable companies.Īcorns also provides a checking account which has many of the features of a traditional bank account including, direct deposit, mobile check deposit, a debit card and fee-free withdrawal from over 55,000 Allpoint ATMs around the world. Round-Ups makes it easy to put investing on autopilot, and because your contributions can be so small with this tool, it makes investing accessible for almost anyone. Acorns will automatically rebalance your portfolio for you to keep your investments on track. Investing +More All Investing Best IRA Accounts Best Roth IRA Accounts Best Investing Apps Best Free Stock Trading Platforms Best Robo-Advisors Index Funds Mutual Funds ETFs BondsĪcorns stands out for its hands-off managed portfolio and Round-Ups feature that automatically helps you grow your money in the market. Help for Low Credit Scores +More All Help for Low Credit Scores Best Credit Cards for Bad Credit Best Personal Loans for Bad Credit Best Debt Consolidation Loans for Bad Credit Personal Loans if You Don't Have Credit Best Credit Cards for Building Credit Personal Loans for 580 Credit Score Lower Personal Loans for 670 Credit Score or Lower Best Mortgages for Bad Credit Best Hardship Loans How to Boost Your Credit Score Taxes +More All Taxes Best Tax Software Best Tax Software for Small Businesses Tax Refunds Small Business +More All Small Business Best Small Business Savings Accounts Best Small Business Checking Accounts Best Credit Cards for Small Business Best Small Business Loans Best Tax Software for Small Business ![]() Personal Finance +More All Personal Finance Best Budgeting Apps Best Expense Tracker Apps Best Money Transfer Apps Best Resale Apps and Sites Buy Now Pay Later (BNPL) Apps Best Debt Relief Best Mortgages for Average Credit Score. ![]() ![]()
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