Acorns increasing its minimum monthly subscription fee from $1 to $3!!! Is it worth it?

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UhtX21

New

UhtX21
Aug 30, 2021 22 Comments

I invested around $7000 using Acrons back in summer of 2018 just to try it out. Since then my investment has become $10,800 and I have paid $40 in subscription fees at $1/month.

Now they are increasing their minimum subscription fee to $3/month… I am contemplating if that is worth it?

#personalfinance #investments

TC - $150k

22

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 TOP 22 Comments
  • Apple
    PDX_TPM20

    Go to company page Apple

    PRE
    Intel Corporation
     PDX_TPM20
    Is it worth it? Let me work it.
    I put my thing down, flip it and reverse it.
    Aug 30, 2021 4
  • eBay
    PrPT02

    Go to company page eBay

    PrPT02
    You can opt out and switch to $1. Using since 2016.
    Aug 30, 2021 4
    • Wayfair
      lolmuch

      Go to company page Wayfair

      lolmuch
      Yeah, that's what it says but doesn't ask to you provide anything to support it. Lol
      Aug 30, 2021
    • New
      UhtX21

      New

      UhtX21
      OP
      Yeah … good thing you guys gave it a try … I didn’t lol
      Aug 30, 2021
  • Nutanix
    $GoCool

    Go to company page Nutanix

    $GoCool
    I am using it since 2015 and absolutely love it for the lowest management fee for the automation it provides. $3 is still a good deal because it comes with Acorns spend account that you can use to direct deposit your paychecks and automatically divert chosen percentage (I do 100%) to the investment account. It is also the only robo investor that I am aware (I use Betterment and Wealthfront) that has daily recurring investment. Most have weekly/monthly/biweekly. Overall I think there’s no good alternative out there where you get completely passive investment management by paying $36 a year flat fee. Most charge 0.25+% of portfolio balance.
    Aug 30, 2021 1
  • Amazon
    narf69

    Go to company page Amazon

    narf69
    No, why not just buy spy on robinhood for free. You could use td ameritrade but no fractional shares
    Aug 30, 2021 3
  • No
    Aug 30, 2021 1
    • New
      UhtX21

      New

      UhtX21
      OP
      Lol explain please
      Aug 30, 2021