Acorns Investment Income, July Results

Acorns IncomeAnother month, another roundup of how my continuing investment in Acorns is going.  I'm tracking this so that you can see for yourself if this is a smart investment idea.

For those still not familiar,  Acorns is a really simple app that transfers money from your bank account automatically into an investment account.  You can choose what you'd like transferred.  For me, I get it to invest my spare change.  It checks every purchase I make, and rounds up to the nearest dollar.  At that money then gets invested.  For me, I don't even notice this happening, but every month my investment grows.

How was July?

After the Brexit event of June I was worried that things would decline, but the markets have done the opposite.  It just goes to show that if you have a nobel prize winning economist (like Acorns does) on your team, you can still profit if you have a diverse, sensibly balanced portfolio.  And I don't even need to do a thing 🙂

Starting Balance: $406.79
Deposits this Month: $82. 86
Ending Balance: $516.72

Income: $27.07

That's pretty amazing.  But probably it's not a realistic figure as last month I lost quite a bit of value from Brexit.  But that has all been recovered.  At the moment, all my income is automatically being reinvested back into my account.  But once I build this up i'll think about taking some out.  But right now there is absolutely no point in doing that.

I didn't quite deposit my target of $100 per month, but I'll up my game next month.


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