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-   -   Acorns? (https://www.early-retirement.org/forums/f28/acorns-82596.html)

gcgang 07-07-2016 06:52 AM

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.

MBAustin 07-07-2016 08:59 AM

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.

MRG 07-07-2016 09:46 AM

Quote:

Originally Posted by gcgang (Post 1753175)
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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