Acorns
Acorns is a micro-investing app that allows users to invest their spare change from everyday purchases. It automatically invests small amounts into a diversified portfolio of index funds to grow users' money over time.
microinvesting
spare-change
index-funds
diversified-portfolio
Acorns: Micro-Investing for Small Changes
Automatically invest spare change from everyday purchases into a diversified portfolio of index funds, growing your money over time with Acorns micro-investing app.
What is Acorns?
Acorns is a popular micro-investing app launched in 2014 that makes it easy for anyone to invest their spare change. The core idea behind Acorns is to help people invest small amounts over time to build wealth. Here's how it works:
- Link your credit/debit cards and Acorns will automatically round up your purchases to the nearest dollar and invest the spare change
- You can also set up recurring daily, weekly, or monthly investments if you want to invest more than just your spare change
- The money you invest goes into a diversified portfolio of index funds curated by their team of financial experts. This makes investing simple for beginners
- There are no trading fees and the management fees are very low, making Acorns an affordable hands-off investing solution
- You can track the performance of your investments easily via the app and watch your wealth grow over time through the power of compounding
Overall, Acorns makes investing accessible for anyone by taking the complexity and stress out of it. The simple automated investments allow anyone to put their spare change to work and build long-term wealth.
Acorns Features
Features
- Round-up spare change
- Automated investing
- ETFs and index funds
- Goal-based investing
- Found Money cashback rewards
- Acorns Spend debit card
- Acorns Later retirement accounts
Pricing
- Free
- Freemium
- Subscription-Based
Pros
Easy way to invest small amounts
Hands-off approach
Low fees
Educational resources
Cons
Limited investment options
No control over specific investments
Requires linking bank account
Monthly fee for higher tiers
Official Links
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