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.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com

By Stock Chat

where the coffee is hot and so is the chat

31 thoughts on “What you must know about acorns investing”
  1. Avataaar/Circle Created with python_avatars Haley A says:

    With all the iced coffee Graham drinks, maybe he should be investing in dental care. Haha just kidding. Lookin good.

  2. Avataaar/Circle Created with python_avatars 944aaron says:

    Anybody here in 2023!??

  3. Avataaar/Circle Created with python_avatars Damion Gordon says:

    Great info. Thank you.

  4. Avataaar/Circle Created with python_avatars Okie homa says:

    Good knowledge but that voice… good god! Get some bass and slow down

  5. Avataaar/Circle Created with python_avatars Ana Carrillo says:

    Is it just as good now, than back in 2019?

  6. Avataaar/Circle Created with python_avatars Jeremiah Olliviere says:

    tap tap tap

  7. Avataaar/Circle Created with python_avatars Cynthia Ababio says:

    I have some few amount saved for my children in fidelity but haven’t invested it yet ,would you recommend I invest it or just let it sit there ? I’m actually a beginner when it comes to investing and all . Please help . Thanks .

  8. Avataaar/Circle Created with python_avatars 𝑅𝑜𝓃𝓈𝒻𝒶𝒹𝑒 says:

    I love Acorn it is so easy to set up thank you for sharing 🙏🏽

  9. Avataaar/Circle Created with python_avatars Da Banana29 says:

    Honestly acorn save me alot of times. I dont really notice it save money and also it invest. I started when i had my first job and when the pandemic hits i remember i have save up on acorn. I so happy with the app. ACORN help me more than my relatives. 😂

  10. Avataaar/Circle Created with python_avatars Justin Ritter says:

    Open the account with at least 3000

  11. Avataaar/Circle Created with python_avatars SambatPhu says:

    it's 9$/month now crazy

  12. Avataaar/Circle Created with python_avatars Edgar Vazquez says:

    So acorn is a good thing cause idk what app or where to go instead of acorns

  13. Avataaar/Circle Created with python_avatars Katie Kraning says:

    Update: in 2023 fee tiers are at $3, $5, & $9. [Not sure how that stacks up to the old $1,2,3.]

  14. Avataaar/Circle Created with python_avatars Asly Desravines says:

    Acorns is only for citizen or any persone with residence can use this app?

  15. Avataaar/Circle Created with python_avatars Dwan Andre says:

    My mother always said; it's better to have it and not need it, then to need it and not have it!!! Acorns is designed to help those class of people that retire solely dependent on social security…which is another form of hell on earth!!! So keep it REAL, you earn a referral commission from acorn's

  16. Avataaar/Circle Created with python_avatars Royal's Mindset says:

    Great video, my experience has been OK with Acorns. It's better than nothing, but I recently took full control of my investing journey. 😍

  17. Avataaar/Circle Created with python_avatars dxvdxnd says:

    When u were explaining ur fav word free and not fee just take out the letter I started laughing so fuckin hard

  18. Avataaar/Circle Created with python_avatars Heather Mastriano says:

    What about the individual investing through acorns. Premium is 12 per month

  19. Avataaar/Circle Created with python_avatars Gregory Patterson says:

    Hey, i have an acorn app, and i have robinhood as well, i would love your perspective, opps i forgot you just gave acorn an ok, do you think i should do vanguard too.

  20. Avataaar/Circle Created with python_avatars Chris Snyder says:

    Would be great if index funds where an option in acorns. One of the subscriptions says that you can chat with someone for help or advice and you actually can't, it's just a few articles. Don't use acorns it will not explain anything relevant to how taxes work with the app.

  21. Avataaar/Circle Created with python_avatars Milton says:

    genuinely thought he was gonna say his most hated word was capitalism

  22. Avataaar/Circle Created with python_avatars MC Yarboro says:

    I have used acorn for few years
    It’s nice for “savings” account but it won’t take you into retirement unless you are way more aggressive.

  23. Avataaar/Circle Created with python_avatars JC Chelsea says:

    Which are your top robo adviser of choice?

  24. Avataaar/Circle Created with python_avatars jacson wall says:

    It costs money in the end for any company to exist and function. $1-$3 a month is chump change for what they do for you. Imo it’s worth it

  25. Avataaar/Circle Created with python_avatars Aquazilla says:

    I already have a 401k and maxing that out every year. Should i be putting money into a roth ira as a seconday account or straight up invest? or do both roth IRA and invest. If both which one should I be putting more money in if I were to be putting 50 dollars a week. Or split it evenly i wouldent be touching these accounts for another 28 years at least

  26. Avataaar/Circle Created with python_avatars Mr.EmoLiveGaming says:

    So you are better off saving 100 dollars a week on the side

  27. Avataaar/Circle Created with python_avatars PoshSloth says:

    Thanks bro. And subbed to TGSS👍

  28. Avataaar/Circle Created with python_avatars mr.meeseeks says:

    The white car behind him is so distracting. The vibes are "trust me bro, I have fancy car."
    But, the information is very helpful thanks

  29. Avataaar/Circle Created with python_avatars Kafi Shufford says:

    Wait so investing in a S&P index fund is considered Aggressive? 🤔

  30. Avataaar/Circle Created with python_avatars Majormadbomber says:

    Before video starts. I am guessing it has nothing to do with Oak Trees! 🤦

  31. Avataaar/Circle Created with python_avatars That Scottish Nerd says:

    Is there an equivalent for UK?

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