So is Acorns worth it? For a user like TakeAHardLook, it certainly seems to be. It’s diverse, almost no cost, and is easy to manage and continually contribute to while the other require rebalancing and meetings and so on. My manager charges 1.14% (in gain and loss years) this is $12 a year. I have 140k in acorns, 225 in another professionally managed account and my Acorns is outperforming. Another user with over $100,000 saved in Acorns chimed in: In the same Reddit thread as mentioned above, another user asked if if makes sense to have a professional manage over $50,000 in savings. As one user puts it, setting round-ups to “10x is the way, it punishes me for spending.” Does Acorns make sense for everyone? This is great example of how powerful the “set it and forget it” approach is for saving and investing. Started small then gradually started increasing to $250/week with 10X round up multiplier. That’s over 26% in market gains! So is acorns worth it? Hard to argue that it isn’t. Since 2016, this TakeAHardLook claims to have saved and invested $52,758 dollars using Acorns, with gains of $10,926. So for every $5 in credit card round-ups, they contribute $50 to their Acorns account toward their financial future. As of this writing, they claim they’re contributing $250/week with 10X multiplier on their round-ups from credit cards. Like many Acorn users, TakeAHardLook started small and then gradually started increasing their contribution over time. According to the post, their portfolio set to moderately aggressive. TakeAHardLook claims to have started using Acorns in June 2016. This is a popular an online community where Acorns users discuss their tactics and gains. Is Acorns worth it?įor many beginning investors, Acorns is paying off by accumulating gains via investments in the stock market and other securities over time.įor example, Redditor recently shared the following milestone to the Acorns Investing subreddit. The micro and robo-investing app boasts over 9 million customers and $3 billion in assets under management, charing a tiered fee based on product: $1, $3, or $5, with assets up to $1 million. If time is on your side, the Acorns aggressive portfolio might be for you.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |