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Does anyone use the acorn app?
Posted on 1/15/16 at 4:41 pm
Posted on 1/15/16 at 4:41 pm
Thinking about doing this but I'm skeptical. Especially with the market the way it is.
2
Posted on 1/15/16 at 4:50 pm to tigersownall
I just use the app as more of a rainy day fund. Sure, it might lose some money. But the way it skims a few bucks out of my account every few days I never really notice it. Otherwise it would just be money I would have spent on something else. I hadn't checked it from first setting it up a little over a year ago, and I have a little under $800 in the account. Don't know or care what the ROI is for something like that though.
Posted on 1/16/16 at 2:07 pm to tigersownall
I've been using it since March or April. It does the rounding withdrawals and I made a recurring $25/week deposit, so I'm close to $1000 in it. It hasn't been doing great recently (obviously) and their $1/month fees are a lot in the beginning until you get a decent amount saved up. I just put mine on the most aggressive portfolio they had and hopefully when the market swings back it'll have some decent gains. It's an easy, low-risk way to play around with investing. Like the poster above me mentioned, it's such a small amount you hardly even notice, so why not give it a try.
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