BEST APP FOR STOCK MARKET KNOWLEDGE PLUS
Family plan for $5 per month: The Family plan includes the three accounts that you get with the Personal plan, plus additional investment accounts for your kids.Personal plan for $3 per month: The Personal plan includes a checking account, investment account and retirement account.
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Investors cannot buy or sell individual stocks through Acorns. The Acorns Invests account is a robo-advisor, which suggests managed portfolios (made up of various ETFs) based on an investor's risk level. You can also set up a recurring transfer (daily, weekly or monthly) from your linked bank account to your Acorns investment accounts starting at as little as $5 a month.
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According to Acorns' website, the average user invests more than $30 per month through the Round-Ups feature. The spare change collected from your linked cards are set aside until you hit a $5 threshold, at which point is then transferred into your Acorns Invest account. Users link their credit or debit card account to their Acorns account, and the app will do a sweep of the accounts when purchases are made to round up the costs to the nearest dollar and then invest the difference. It's a good strategy for newbies who want to dip their toe into the investing pool before diving all in.Īcorns allows users to micro-invest using the Acorns' Round-Ups® feature, which takes users' spare change and puts it into diversified ETFs. Micro-investing simply means you're investing small amounts of money in the market consistently so that over time your contributions add up. It made our list because it's a good choice for novice investors looking to start small through micro-investing.
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Who's this for? Acorns is a financial app that gives you access to a robo-advisor, IRAs and even a checking account.