From another thread I brought up the Acorns app.


*What is it?

Its a micro investing platform thats funded using money rounded up from card transactions. Every time you use your card whatever is left over be it 99cents or .01 cent is sent to your Acorns account automatically.

If your total from a transaction is $1.09 then .91 is sent to your Acorns account
If your total from a transaction is $1.99 then .01 is sent to your Acorns account.

I also just learned that if you have other invest accounts linked to the main account thats feeding Acorns then anytime money goes from the main account to the investment account a single dollar goes to your Acorns account.

*So, what? This is is like Keep the Change thingy from Bank of America or Wells fargo?

Kinda. The big difference is that the money is placed in the markets across a mix of stocks and bonds. (large+small company stocks, emerging markets, real estate stocks, gov bonds, corporate bonds, international stocks). Rather than have money sitting in a savings account earning a percent of a percent in interest the money is used to earn and grow.


*Can I get under the hood and select individual stocks, funds, etfs, etc?

Not really. You just have to set your risk level. The levels are, Conservative, Moderately Conservative, Moderate, Moderately Aggressive and Aggressive.


*Anything else?

Kinda, I also have it set to drop in 20 bucks each Monday.


*Does it work?

Absolutely, I've been using it in the background since January and I'm just under 1k. Thats $1000 gained doing nothing but setting it up and going on about my life.

I personally believe in "bucketing", thats having your money parked in several places while also earning money in several places. This is the dumbest most easy things to do. It's like giving your future self a gift off GP.


*What else you using?

Betterment, Robinhood plus some other stuff, but we're talking about mobile investing right now.


If you want a invite code let me know or PM me. The invite code gifts you 5 free dollars for getting started.

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