Acorns – Legit Investing? [Reviews For 2019]

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I’m here to share my honest review of Acorns and give you all the details you need to make a decision.

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Acorns Reviews

Investment is a complex term especially for those who find it hard to understand the market conditions and earning potential. In this article, we will discuss an app, acorns app that gathers attention due to an easy and hassle-free investment process. Acorns app optimizes the portfolios and also helps to track the investments. You will get the details in the following acorns reviews which is of course not the first review of this type I have done.

Recently I have been reviewing numerous investment companies and shared my honest opinions on the likes of Edward Jones, Roofstock, Realty Mogul, RealtyShares and even books such as Rich Dad Poor Dad.

What is the Acorns App?

The acorns app is designed to make the investment easy and regular. It is a smartphone app made to Round-up the investments to the nearest dollar. All you need to do is to link your checking account and credit card; acorns will take care of the rest. This new innovation makes investments simple and effortless.

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The acorns app can be the best option for the tech-savvy young generation. The entire process will be done by a smartphone. You will also find a web-based version for desktops. If you are looking for a safe and regular investment option without any experience of the industry, you should think of acorns.

Features of the Acorns App?

It has all these features to make investment easy both for beginners and experienced. You can start with a minimal investment like $1. You can start with no investment if you are below twenty-four years of age. It is compatible with Android, Apple, and iOS. Some other features are followings.

Round-up: The Round-up feature will be there to round-up each credit card transaction to the nearest dollar.

Deposits: You can think of recurring daily, weekly, even monthly investments depending on your preference.

Found Money: Whenever you use Acorns-linked debit or credit cards at selected retailers, the retailer will invest a little into your investing account. Moreover, when you shop with the found money partner of acorns, some extra money will be added to your acorns account. The partners are Blue Apron, Warby Parker, Apple, and a few other popular names.

Learn & Grow: These two features are there to help the investors to get the answers of some basics through FAQ. There will be also some interviews, news, and other how-tos for the benefit of investors.

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Potential: It will enable the users to see the impact of a theoretical investment.

Round-up multiplier: This is a new addition. It will allow users to multiply the extra investment from two to ten instead of rounding up to the nearest dollar.

Gift Cards: The users can buy $25 digital gift cards to enable the family and friends to get started with acorns app.

Later: The users will be allowed to invest in a specifically designed retirement account with an additional cost of $1 per month.

Acorns spend: This feature will enable the users to check the account with debit cards. You can instantly check the round-ups, automatic retirement saving, and even extra saving through the found money.

In addition, you do not need a deposit or a minimum account to maintain or withdrawing the funds. You can start with $1 per month for the first $1 million. If you want to use it for more time, you will have to spend an extra $1 per month until your investment reaches $1 million.

Acorns app gets its fee from your funding sources instead of your investment. The returns will be guaranteed. Acorns app focuses on the bond and stock markets. In addition, this app is young generation centric. If you are a student, you can open an account with no fee. But make sure that you have a valid education address or an employment status to get this facility.

How to create an acorns account

It is easy and straightforward. You can start by signing up on the web. You can also download this app for free from the Amazon, iTunes, or Google Play Stores. As mentioned earlier, the app is compatible with Android, iOS, and iPhone devices. It has a three-step signing process. You can start by entering your PIN code and then choose a Round-up account. Now connect your checking account and finally create an investment account.

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Pros

• An easy way of saving and investment
• No complexities to open and invest
• Start investment with minimal investment
• No fee for college students

Cons

• You can lose your principal
• Cannot save a huge

Acorns app is an easy and simple way of investment for all age groups, especially for college students and the younger generation.

It can be a good start with a minimal or no investment. You are not going to spend a huge. So, there will be no fear of losing your money.

All in all the Acorns App has it’s pros and cons that you need to be aware of but it is a legitimate app and company so you don’t need to worry in that respect.

Make an educated decision before you decide to put your money at risk, it won’t be for everyone that is for sure.

Before you leave

If you’re tired of scams and want a real solution for making money online check out my recommendation below.

It’s helped me earn over $300k in the last 12 months alone:

Go here to see my no.1 recommendation for making money online

(This is a 100% free training)