Acorns

Invest your spare change easily

Vorteile:

The best part of Acorns is that you won’t even notice the money missing out of your bank account. It just rounds your purchases up to the next dollar and it takes that change and invests it. It is a super easy way to invest money painlessly. You also sometimes get retailer kickbacks, which is always appreciated.

Nachteile:

The cost per month is 3 to 5 dollars so if you have a small balance in there, it can wipe away any profit you make.

This Is a Phenomenal Way For Beginners to Learn & Invest!

Kommentare: Acorns is one of my favorite beginner investment apps due to the option it gives you to make smaller investments, which are easier to commit to when you're just starting out and want to see how things turn out with much less risk than traditional-sized investments. You can even choose to simply invest the spare change after every purchase you make through Round-Ups. It can be an incredible learning tool with high-quality information that's easy to understand and digest. The app is very motivating to use and rewards you along the way with deals from thousands of exclusive brands. With the premium option, you get access to the children's program, which can help you educate your kids early on the importance of growing their money. It provides them with their very own GoHenry card, allowing you to monitor their accounts and set spending limits if needed. You cannot go wrong with Acorns, especially since it's been backed by celebrities like [sensitive content hidden] If you've always wanted to get into investing but didn't know how, I encourage you to download this app!

Vorteile:

I think the way they have simplified investing into a shorter, more condensed, and easier process is phenomenal on many levels. One major barrier that stops many people from pursuing investment opportunities is a lack of understanding of the risks and benefits. They also offer a comprehensive library of knowledge where you can learn about various investment strategies, tips for growing your money, how to save properly, and more!

Nachteile:

You may be required to pay more hefty fees for smaller balances.

Avoid this App - Terrible customer service - they blocked my account access for over 10 days now

Vorteile:

It is easy to use but limited, affordable fees.

Nachteile:

1) there is no way to have a trust as contingent beneficiary2) if you have a technical issue every time you communicate with a representative it is a different person that responds and they font review the prior notes/communications which causes confusion and days go by between their responses. 3) They have had me locked out of my account for over 10 days now with zero access to view my funds because they cant seem to read their own notes, or listen on the phone, to realize their mistake. This company has over $80,000 of my money. I tried to switch my linked bank account to one of my business accounts, they LOCKED my account and wanted extra confidential bank and other documents emailed to them, outside of their app, to an unknown email which i was uncomfortable with. So I told them to cancel the request to switch the linked account and just keep things as they always were and UNLOCK my account immediately. I was told it would take FOUR days to unlock the account. It has been over 10 days now, STILL locked out of my account. No matter how many times i repeat myself I keep getting form response emails from them from different representatives still asking to get confidential documents to switch my linked account. And these people have access to FIVE of my bank accounts already.

An Easy Way to Begin Investing.. Acorns!

Kommentare: I am generating a savings account that I don't even have to think about it. It's a no brainer for me. I never pay with cash so I would never have change left over from a purchase to save in a jar at home. Before I knew it.... I had $300 in my Acorns account that I cashed out to spend on a vacation!

Vorteile:

Acorns is a functional app on my phone that is customizable to meet whatever goals you have. It is the digital way of collecting change back from paying with cash and putting that change in a jar at home. I love how its a "don't even have to think about it" type of application. Each swipe of my card is rounded up to the nearest dollar and then deposited into my Acorns account. Think of it like a savings account.

Nachteile:

I probably don't utilize the application to the full extent... so I don't have any cons for the way I use the application.

Acorns is great for personal & business use!

Kommentare: Great experience and can’t imagine not using Acorns.

Vorteile:

Love the ease and it’s so great that it automatically puts money in your account by rounding up. I’ve saved tons!

Nachteile:

Nothing at all! It’s easy to use, not a big learning curve at all either.