Lets discuss and review Acorns Investment App, go over all of its features, and whether or not it’s actually a good value – Enjoy! Add me on Instagram: GPStephan

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What is Acorns?
The basic premise is that they’re an app that helps automate your investing. And their most notable feature, in my opinion, would be their “round up” feature – this lets you invest the spare change from what you spend, and you can just “round up” every single purchase to the nearest dollar to invest the difference.

They also give you the option to setup recurring investments on a daily, weekly, or monthly basis… again, the entire purpose of this app is just to help automate regular and consistent investing. They’ll also let you see, real time, what your investments COULD be worth depending on your contributions…so it’s really meant to get you thinking about the long term.

Now in terms of WHAT they invest in, they say “Your investments are then diversified across more than 7,000 stocks and bonds and automatically rebalanced when the market fluctuates.” So basically, they’re investing in broad funds that track the market, very similar to the vanguard index funds I always talk about on the channel.

And when it comes to this, Acorns is what’s called a Robo-Advisor – this has definitely gained some popularity lately with other companies like Wealthfront, Bettermint, and M1 Finance to name a few.

If we go to their pricing tier, we can see that their basic service begins at $1 per month:
With that, you get the Automated investing where they round up the charge and invest the difference

Then, for $2 per month, you get access to all of that, plus Acorns Later – which is their IRA.

And finally…for $3 per month, you’ll get access to their checking account with debit card.

So overall, looking through everything on Acorns and spending way too much time on this…here are my thoughts and what I REALLY think of it:
Acorns simplifies investing and making it incredibly easy, to the point where you don’t need to think about it. The concept of rounding up is clever, it’s gimmicky, and I can see how it works. If Americans aren’t going to think about investment, they can just invest on Autopilot without making any difference whatsoever except for setting up an Acorns account. So from that perspective, I really like it.

HOWEVER…what I consider a negative for Acorns, is that if you just want to straight up invest a small amount of money into an index fund…and what to do it for TOTALLY FREE, you can do that with Fidelity.

If you’re investing with more money, Acorns slowly becomes more and more worth it as the $1 fee becomes a smaller percentage of the total amount you have invested.

BUT…I’ll admit, using Acorns is WAY better than doing nothing. For people who just can’t seem to save and invest any money, or don’t really take an interest to investing…this is BY FAR better than the alternative of just not investing.

Just my opinion, not financial advice.

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What you MUST know about Acorns Investing

Saving and investing money is always a good idea, but it can often feel overwhelming and confusing, especially for beginners. Acorns, a popular micro-investing app, aims to simplify the process and make investing more accessible to everyone. If you’re considering using Acorns to start investing, here are a few things you must know:

1. Micro-investing Made Easy:
Acorns is designed to make investing easy and straightforward. It enables users to invest small amounts of money automatically by rounding up their everyday purchases to the nearest dollar and investing the spare change. For example, if you buy a coffee for $2.75, Acorns will round up the purchase to $3.00 and invest the remaining $0.25. This automated approach makes it effortless to start growing your wealth.

2. Choose Your Investment Strategy:
To begin investing with Acorns, you need to select an investment strategy from five available options. Each strategy is based on a different level of risk tolerance, ranging from conservative to aggressive, and includes a mix of exchange-traded funds (ETFs) that align with that level. It is important to review the strategies thoroughly and choose the one that best suits your financial goals and risk appetite.

3. Cost of Using Acorns:
While Acorns makes investing accessible, it is crucial to understand the associated costs. Acorns offers three pricing tiers: Lite, Personal, and Family. For the Lite tier, which costs $1 per month, only the investment account is available. For the Personal tier, priced at $3 per month, you receive an investment account, an individual retirement account (IRA), and access to personalized financial advice. The Family tier, priced at $5 per month, provides all the features of the Personal tier along with investment accounts for children.

4. Potential for Growth:
Despite investing small amounts, Acorns has the potential to generate significant growth over time. By consistently investing spare change, you can gradually build a diversified investment portfolio. Additionally, Acorns offers an Individual Cash Account (ICA), which lets you earn a variable interest rate on your uninvested cash. Combining the power of investing and earning interest on your cash can help accelerate wealth creation.

5. Easily Monitor Progress:
Acorns provides an intuitive app and website interface that displays your investment progress. It shows the performance of your investment portfolio, tracks your contributions, and gives you insights into your investment habits. Monitoring your progress regularly helps you stay engaged with your investment journey and make any necessary adjustments.

6. Education and Tools:
One of the key strengths of Acorns is the focus on financial literacy and education. The app provides tutorials, articles, and videos to help users understand investing concepts and make informed decisions. Additionally, Acorns offers tools such as retirement and college calculators to help plan for important financial milestones.

In conclusion, Acorns offers a user-friendly and accessible platform to start investing with small amounts of money. It simplifies the investing process, provides different investment strategies, and helps users track their progress. By taking advantage of Acorns’ tools and educational resources, even beginners can gain confidence and take their first steps towards financial growth. So, if you are looking to dip your toes into the world of investing, Acorns could be the perfect starting point for you.