In short
Acorns: Invest Spare Change is a free investment app for iOS made by Acorns. This is a great app for young individuals and others. It helps to save money.
Highlights
Acorns allows me to save money without having to do anything
I'm in love with this app because I love making money
And so far it has been doing well on the moderate portfolio setting
Acorns is a great way to wet your feet in the investing world
I'm loving the automatic fingerprint scan
I love how easy it is to use the app
I love the keep the change feature
I would highly recommend this to others
Still great investment app
Painless and fun way to invest extra money
My acorns account stopped taking out round ups 3 months ago
I strictly place debit card charges only
It's not going to make you rich but over time change adds up
It's said no wifi connection even though my phone is connected
Include my bank account I can't transfer any money to invest
I don't like the fee that is charged to skim money for myself
And customer service is unresponsive
I've left several messages and no return calls
They decide for me and the stock options aren't impressive
Whole app feels chintzy
Description
WELCOME TO MICRO INVESTING
Investing was for the wealthy. Now it's for everyone! Acorns helps you save and invest small amounts regularly into your own diversified portfolio. Start with just your spare change and join over 1 million who have taken steps to improve their future. It only takes minutes!
FEATURES
Painlessly invest your spare change into a diversified portfolio of ETFs of over 7,000 stocks and bonds automatically
Easily invest more - with Recurring Investments (daily/weekly/monthly), One-Time Investments, Referrals, and Found Money!
Watch your progress – check in on your account from anywhere
SIPC Protected – up to $500,000 is protected against fraud so your money is secure
Stay educated – Gain access to our online personal finance publication, Grow Magazine
Withdraw anytime – at no charge.
WHAT THE WORLD IS SAYING
FORBES: “The app makes investing effortless.”[1]
ABC NEWS: “If you set aside just $5 every couple of days you would have set aside $1,000 in a year.”[2]
WIRED: “Acorns simplified the often tedious and complex process of investing.”[3]
US NEWS: “Acorns offers a unique solution to overcoming the mental barrier: ‘I just don’t have enough money to be investing.’”[4]
TRUSTED AND INTELLIGENT
256-bit encryption to keep your information safe and secure
Automatically rebalances your portfolio
Automatically re-invests your dividends for you
Diversified Portfolio includes hundreds of international companies, corporate and government bonds, and real estate.
PRICE
Acorns costs $1 per month for accounts investing less than $5,000. After your account grows past $5,000, the fee switches to 0.25% per year (@$5,000 that’s about $1 a month). That’s like 3 semi-fancy cups of coffee (you know you do it) a year, just to invest in your future.
In order for Acorns to invest your spare change from purchases, which is part of why we charge $1 per month, you will need to connect a bank account. Worry not - we've got 256-bit encryption. That's a nerdy way of saying we're as secure as the people you bank with. Now, stop reading and get invested.
This app is operated by Acorns Advisers, LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of Acorns by Acorns Securities, an SEC registered broker-dealer and member FINRA/SIPC. Investments are not FDIC insured and may lose value. Investing involves risk and investments may lose value, including the loss of principal. Please consider your objectives and Acorns fees before investing. Past performance does not guarantee future results. “Acorns”, the Acorns logo and “Invest the Change” are registered trademarks of Acorns Grow, Inc. Copyright 2016 Acorns and/or its affiliates.
Information about FINRA is available at www.finra.org. Explanatory brochures about SIPC protection are available upon request or at www.sipc.org.
[1] http://www.forbes.com/sites/duncanrolph/2014/09/10/4-online-tools-to-manage-your-money-in-the-21st-century/
[2] http://abcnews.go.com/WNT/video/slow-steady-key-retirement-savings-28043857
[3] http://www.wired.com/2014/08/acorn-app/
[4] http://money.usnews.com/money/blogs/my-money/2014/12/26/wealth-management-tools-for-the-not-so-wealthy
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