Mutual Fund vs. Acorns

Target / Design
marv8647

Go to company page Target Design

 marv8647
Jan 2, 2020 3 Comments

Is anyone familiar with Acorns as a means to invest? What are the pros and cons compared to funneling money into a mutual fund?

Acorns Vanguard Fidelity Investments
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  • New / Ops
    TheTechRec

    New Ops

     TheTechRec
    I just started using Acorns. It has not been the most profitable way I have used, but there are a few things I like;

    1) I like the round up feature, especially since it automatically invests in partials.
    2) It is managed and making money. Though it is not the highest return I have had, for shirt term management I like it.
    3) Money transfers in and out quickly. For me the purpose of this account is a rainy day fund.
    Jan 2, 2020 1
    • Target / Design
      marv8647

      Go to company page Target Design

       marv8647
      OP
      I never thought of it that wayβ€”you’re so right! Interest on my Acorns account is notably more than it is on my emergency fund.

      What percentage do you like to allocate, or do you just hold your emergency fund plus enough for a vacation or something?
      Jan 3, 2020
  • Twilio
    p@$$w0rd.

    Go to company page Twilio

    p@$$w0rd.
    🍿
    Jan 2, 2020 0