Save Money Automatically In The Next 5 Minutes!
Acorns is an investment solution that is remarkably user-friendly and rather simple for new investors. It is an all-in-one investment platform that may have the key to your success in this career. The Acorns application is designed to keep the user experience of novice investors in mind. It addresses real problems that are not catered by most of its competitors. Unlike most investment platforms in the market, Acorns has a flat-fee structure. This allows you to scale your investment career without having to pay an ever-increasing fee to the platform itself. If you are looking to save some extra bucks while learning more and more about investment on the go, Acorns is probably the most ideal choice.
Pros & Cons
Pros
- Acorns provide you with a minimum-risk investment avenue that most of the new investors are so direly looking for. At the same time, this solution is incredibly more economical than its counterparts.
- It comes along with an automatic savings feature that lets you put your investment decisions on autopilot mode. That way, you do not have to spend days on length when stuck on some seemingly important choice. Moreover, the automatic savings feature can be customized with specific requirements, enabling you to make the most out of what you have.
- As already described, the user interface of the Acorns applications is straightforward. When a user opens the app for the first time, he/she will not be overwhelmed with complicated graphs and a lot of data. More often than not, the navigation around the Acorns app is quite intuitive.
- There is a decent amount of educational content available on Acorns. Here, you can not only make money but also learn how to take your investment skills to the next level.
Cons
- Since Acorns works on a flat-fee structure, it might not be suitable for users who are not into investment for the long run. If you are someone who is not looking to actively grow his/her total balance, then it might seem more costly.
- At Acorns, you are not allowed to perform tax-loss harvesting. Therefore, the user is not able to sell the securities at a loss to make up for the capital gains tax liability.
Features
Now that we have gone through the pros and cons, let us take a detailed look at the available features. Without a doubt, the unique selling point of Acorns is its hands-off portfolio management. There are very few platforms of this class that offer this service in all user packages. Apart from that, Acorns can rebalance your entire portfolio on its own. It helps you to keep all investments on track while maintaining a factor of safety for any unforeseen circumstances. Having such advanced tools, Acorns has made it possible for beginners to enter this opportunistic career without having to deal with the stuff they do not understand.
With Acorns, you are always exposed to a list of sustainable companies that can boost your portfolio, particularly in the early stages. It gives you more confidence in your investment choices, enabling you to make decisions that would ultimately turn up quite big. To secure your financial future and start making money off investments, we recommend signing up with Acorns right now.
Another great feature offered by Acorns is a fully functional checking account. It works just like your regular bank account with direct deposit facilities, debit cards, and fee-free withdrawals from any ATM all over the world. You can link an external bank account to withdraw your earnings; however, there is no need to do so if you open up the Acorns checking account.
Investment Avenues
With Acorns, you can easily diversify your investment portfolio to minimize risk and maximize the probability of success. There is a customized selection of 25 low-end exchange-traded funds that are accessible to all users. They contain more than 7,000 stocks for you to choose from. A user can decide to select each stock manually or leave it up to the autopilot to make sensible decisions based on current market trends and stock performance.
You are also welcome to complete a survey that lets Acorns know about your investment goals and risk tolerance. It enables the system to make decisions that are mostly inclined towards the user’s preferences. This survey factors in several different aspects of each investor. It includes your age, income, net worth, and so much more. Once you start to navigate around the application, you will be exploring a world of new investment avenues that you did not know existed before that.
Pricing
When you are looking for a perfect investment platform that can help you every step of the way, pricing cannot be overlooked. Acorns currently offers two main membership plans for all users.
Personal Plan: It only costs $3 / month and comes with a regular investment account, functional checking account, and a retirement account, if needed.
Family Plan: It costs $5 / month and provides all 3 basic features that are included in the personal plan. Additionally, you can create up to 4 more investment accounts for other family members. All of these accounts can be managed through a single dashboard, just like you manage different screens on Netflix.
Some investment solutions also cost their users when they sign up or access their software. It is not the case with Acorns. The Acorns application is completely free to download from both iOS App Store and Android Play Store. Go ahead and redeem your investment bonus right now from this sign-up link.
Please note that even though you get complete access to all educational material with the personal plan, the family plan has something more. It provides personalized content for your children or anyone who is looking to start investing at a later stage in their life.
Conclusion
Acorns is a perfect solution for new investors who are confused about kickstarting their portfolios. It loads you up with tons of tools that can take care of the common problems most beginners face in this field. This low-cost investment application uncovers a range of opportunities for entry-level investors. Moreover, it is ideal for individuals who know how to invest but cannot spare enough time for it to replace their primary income stream.
