Acorns Investing: Is Acorns Investment Robo Advisor The Real Deal?
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- čas přidán 18. 05. 2024
- Acorns Investment App is a popular Robo Advisor that invest your money into low cost ETFs. Acorns Round Up feature lets you invest your spare change so you don’t even need to think about investing. But while it has some nice benefits, there are some limitations and things that could be improved. But
00:00 - Start
00:41 - Types Of Accounts
1:23 - Create Acorns Account
2:14 - Minimums/Auto Invest
2:31 - Round Up
3:42 - Portfolios
5:08 - Funds Used
6:28 - Fees
9:01 - Other Features/Concerns
11:24 - Final Thoughts
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I'm here for the algorithm!! Let's get this ranking!!
Thanks Jake!
Hey, I help on both channels!
That's amazing video you made, great job!!
Thank you for watching!
I had no idea Acorns had a robo advisor... just a questionnaire and 5 levels of investing.
Your reviews are the best man. I've seen other review videos and they don't stack up. I'm gonna pass on Acorns. Thanks for this one. Take care and keep moving forward!
Thank you Joseph! Acorns is something I’m passing on as well! Take care!
Great video Dustin! I've been wanting to check out Acorns for a while to see what its really all about. Sounds like it could be a nice option for some people but there's certainly some other better options out there
Thanks Daniel! It seems there are a few cases it could be ok, but I agree. Definitely better options out there
I tried Acorns, and it was too slow in processing my daily investments. It'd take days or over a week to complete. Switched to Fidelity because I like my purchases being processed not too long after the market closes. You can also have money available to trade immediately while the brokerage waits for your money to transfer completely from your bank account. The $1 a month fee for Acorn was also a deterrent.
Good to know. Thanks for that info!
@@WallersWallet The roundup feature was also sketchy in terms of privacy. Giving a third party access to all your bank account information and transactions... Side note: Your physique (as always) looks good in that shirt.
I tried it once but it didn't work with either of my bank accounts. I'm not the kind of person that needs acorns. But I thought I would do it for a while Just to have some data to show friends that would need or can take advantage of it and I showed them how much they can invest or whatever by doing that. For the round up feachers of course.
1st
🔥🔥🔥
Algorithm comment!!!
Thanks Alvin!
Acorn is overrated. A monthly fee for Roth IRAs and taxable brokerage accounts. Also their aggressive portfolio underperforms a simple 2-fund portfolio like VTI/VXUS, SCHB/SCHF, or ITOT/IXUS.