Round-Up investments from your checking account will be swept to your Acorns investment account when your accrued Round-Ups® reach or exceed $5. The Acorns app will round up your purchase to $13 and put the extra $0.50 into your investment account. The premise behind Acorns is simple: the app rounds up purchases made using your credit or debit card so you can invest your spare change into the stock market.įor example, let’s say tomorrow your lunch costs $12.50. Now, if you know anything about how much even a single share of stock costs, then you also know $0.50 usually isn’t enough to invest in much of anything. One of its defining features is that it helps you save and invest your spare change.įor example, if you have $0.50 to spare, Acorns can help you invest that money in a portfolio of ETFs (exchange traded funds). But, first, let’s talk a little bit more about… What Is Acorns?Īcorns is one of the most popular investing apps on the market with over 4.7 million subscribers. Our blog posts may also contain affiliate links that, at no cost to you, may earn us a small commission.īut if you decide you do want to give Acorns a try, we’ll also walk you through how to sign up for Acorns and begin using the platform to invest. For that, you’ll need to speak to a professional financial advisor. It should not be taken as financial advice. Whether Acorns is a good choice for college students and recent gradsĭisclaimer: Now, it’s important you know the information we’ll share here is meant to be educational only.That’s why, in this Acorns review, we’ll be helping you decide whether you want to use Acorns to invest by looking at: It’s also not your only option for a beginner-friendly investing app. So, if the idea of using an investing app like Acorns is exciting to you, we completely understand! The Acorns app makes it easy to start investing with very little money and a basic understanding of how the stock market works. But it’s also one of the best ways to build wealth–especially if you start when you’re young! Let’s be real: Investing in the stock market as a beginner can be… tricky.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |