In Investment Tip #4, I laid out the investment management industry. Acorns was one of the new investment management companies that I mentioned because of its convenience, low fees, and no minimums — it provides everyone with the opportunity to invest, with as little as $5.
I’ve been using the Acorns app for about 3 weeks now.
- App is easy to use
- Projected value calculation based on age and monthly contribution
- Get $5 for every friend that you invite
- Only 5 portfolios to choose from
- Auto-debit takes 1 business day
- My credit union can’t be linked