Acorn investing

[S70N3R]

So i checked Acorn invest just because i hear about it every every. The site has like 1$ /3$ and 5$ per month setup for investment. Is there anyone here has invested it and i would like to know what type of earning it gives ?

[RAS_3885]

That appears to just be an easy way for people to automatically invest in the stock market as an alternative to traditional savings. The different price tiers gets you access to more services, such as retirement planning options, debit account access, family plans, etc.

 

The amount of growth you'll see will depend heavily on what types of investments the money goes into, be it bonds, ETFs, mutual funds, stocks, etc. It's unclear without signing up if they allow you to pick where your money goes or if they manage it all automatically.

 

Plus, since it's based on the stock market there's also the opportunity to lose money.

[tikker]

From a glance it looks like they invest in ETFs, so investigate those and check the annual rates on those to get a feel. I'm still very new in investing so don't have a clear answer to this yet, but if I were to hazard a guess I'd say a few % per year maybe? Keep in mind that this is for the long term. It will be a slow growth of wealth over years, not millionaire in a week.

 

Their plans just seem to offer more services the higher you go. In the end it will be you depositing X amount of dollars every month and they'll invest that.