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Acorns?
Old 07-07-2016, 07:52 AM   #1
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Acorns?

https://investorjunkie.com/37962/acorns-app-review/

Anyone familiar w Acorns?

I've been discussing investing with my 15 year old daughter, she showed me this. It's basically a Vanguard lifestyle portfolio with a greater of $1/month or 0.25% fee, which is waived for students, that allow you to invest your "spare change".

I'm not clear how you get them your "spare change", but if it gets a kid to make regular investments, it could be worth the fee.
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Old 07-07-2016, 09:59 AM   #2
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I read about it a few months ago, but haven't looked into it in detail. Sounds like an interesting concept to get young people started with investing.
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Old 07-07-2016, 10:46 AM   #3
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Quote:
Originally Posted by gcgang View Post
https://investorjunkie.com/37962/acorns-app-review/

Anyone familiar w Acorns?

I've been discussing investing with my 15 year old daughter, she showed me this. It's basically a Vanguard lifestyle portfolio with a greater of $1/month or 0.25% fee, which is waived for students, that allow you to invest your "spare change".

I'm not clear how you get them your "spare change", but if it gets a kid to make regular investments, it could be worth the fee.
I thought the spare change came from the app investing your change from any transactions i.e. rounding up.

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