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Acorns

Discussion in 'Other Ways To Make Money Online' started by El Pablo, Jan 23, 2016.

  1. El Pablo

    El Pablo
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    ಠ_ಠ

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    Not like other sites we list here, but I've been using Acorns for a few months now and it's a nice and easy way to save money. It basically rounds up all your purchases and invests that spare change.

    Learn all about it here:

    https://www.acorns.com/
     
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    Jaded, jml and clickhappier like this.
  2. Jaded

    Jaded
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    The real themildone

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    That looks interesting, thanks.
     
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  3. TSolo315

    TSolo315
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    SnapNCrackle

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    The problem with Acorn is the monthly fee. If you really are just investing small amounts of money each month (maybe $20-40,) that dollar may very well be most of your profit for that month (or very likely, more.)

    So, if you are going to use their service, you will need an initial investment that is large enough to hopefully offset the fee. They are not actively managing the investments or anything, all of their options are index funds, so the fee is only for the convenience factor of using their app. Their options are limited and they offer very little in the way of advice/other features.

    IMO you would be better off doing it yourself (the rounding thing is a cute idea, but not worth the fee.)
     
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    #3 TSolo315, Jan 24, 2016
    Last edited: Jan 24, 2016