Another month and another acorns update. I use the micro-investing app to put my spare change to use. It automatically transfers my spare change into an investment account and helps me save without even knowing it.
I think Acorns is a great way for young people to start saving. It requires no effort and you don't need to worry about making regular contributions.
Here's how my account performed in September:
September 2016 Results:
Starting Balance: $626.41
Deposits This month: $56.75
Ending Balance: $680.49
Income this month: -$2.70
All time income: $24.05
So as you can see, I lost a little bit of value this month. That's to be expected with investment accounts. There will be month where things go down. But I'm still way up overall so I'm quite happy.
You are one of the very few people I know that use Acorns. Nice to see a real world take on this app. I wondered if it was worth getting into or not. I know many who use more traditional investing platforms that are free like Loyal3 and Robinhood. I know it’s slightly different than Acorns as it used spare change and invests those funds but it’s still nice to see all these new platforms pooping up that make investing so much easier. Thanks for sharing.
Thanks for comment. I love all these platforms. I think my main interest in Acorns is to simply try it out and see if it works. I treat it like an experiment.