Acorns Review: The Mirco Investing App Suited for Beginners

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Investing is not easy, especially if you have no money. The Acorns app is an investment app geared towards helping young people and young adults invest with little money.

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Acorns is guided by its company philosophy. Acorns are like the seeds that will be planted to grow many trees that will bear fruit in the future.

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What is the Acorns App?

Acorns is a Robo-advisor that takes spare change from credit card or debit card transactions and invests.

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Let's say you buy a coffee every morning. This coffee is $2.37. Acorns then round that up to $3. The additional $0.63 is then thrown into your investment account.

How Does The Automation Work?

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The people who would benefit from this most would be beginner investors, maybe minors, young adults, or even young families.

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– Automation into your investment accounts – Robo-advisor places funds into a diversified portfolio – Easy to use app – Straightforward Pricing

The Pros of the Acorns App:

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Some Cons of Acorns – No tax-loss harvesting – No individual stock investments – Low balance for a higher cost – No personal financial advisors to help out

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