The simple TRUTH why Acorns Investing is a TERRIBLE idea💰❌

Disclaimer:
Please consult with a professional before taking any financial decision, I am not responsible for any financial decision that you take after you watch this video. This video and its contents is made for entertainment only.

[malvaizn]

He’s not saying $3 is expensive, he’s saying when you’re passively investing 25¢ 30¢ 50¢ a week, a $3 payment will completely delete all that progress.

[suprememagnetic]

If $3 a month is a problem, you need to reevaluate your life

[joeyboombatz]

That’s why you invest more than a quarter.

[archfiendredifiend]

If your going to open and acorns a pint for only round up then that’s the prob. My roundups is 10x and my recurring is 100 a week and my YTD is 600+. I’ve been doing this for little over a year now. The account is doing great.

[Life.WithPay]

Nah, my roundup alone invested was $43.83 in the last 30 days. That $3/month isn’t hiring at anything.

[codymcangues]

$32 in 1 year to help people save. I spend more then that in 1 day on lunch for me and my wife. If $32 is hard on you on the year trust me that is least of your worries

[Zenny_Killer]

Start saving a little by little, by the time you get a little older you will appreciate what you did now. Listen to him or not, it’s up to you. No one makes decisions for you. It’s only you and yourself.

[macD]

I’m up on acorns I invest 15 a day 8500 in 2 years not bad. I’m going to keep at it.

[xbigwormx]

if you're paying $3/month but investing .25 cents to $1 a week yeah no shit it gonna eat up your round up and yes there is no point in investing in Acorns if you're that broke.🤣

[auroramonet.studio]

If ain’t that bad I invested $50 just last week and I have $95.00 with the lowest investment and I use the $1 a month I think. It’s helps me save because find it hard to save it on my own 😂 and when I do their deals they really do pay up. I got $75 for ordering $20 worth of food so really I made $55 extra on top of my $95

[ChrisHernandez-RN]

With the new feature partnering, the rock, as long as you having a minimum of a monthly $250 direct deposit, it waives your monthly fees. So you will basically have access to your acorn account with all full features for free.

[loclam]

For those who silt confusing about acorn checking.This is how the Acorn’s check work: lest imagine thats the acorn check, of a way like you saving bank account, but rather than just a normal savings account it can withdraws your own bank money account on basics weekly or monthly that depends on your chosen setting.Then all of those moneys Acorn’s withdraws from you, it will be transfer towards your Acorn’s card; Any type of spending on that card can be use for investment, if you don’t spend any of cash on that card it will be turn into you second debit card or savings card; anyway if you spending a lot of money on your acorn card It will be use all of those rounds up as to investment. Then transfer those back to you portfolio, that how it work.

[nedbass]

That’s not entirely true. I swipe my primary debit card a lot on a daily basis. Even if Acorns charged 5 bucks a month, that’s 60 dollars a year, the amount of money I have in round ups alone every month is over 200 dollars. For the month of December, my round ups added to 480 dollars..granted I do have my multiplier on 10x

[opayo]

I got around $20 a month just from round ups. So works fantastic for me.

[livinitintexas]

If someone is unwilling to spend $3/month on developing better saving habits then that’s on them lmao

[kratosbecrazy]

You think 36 bucks a year is expensive?

[Cantfrunt]

This is misleading. I’ve been using Acorns since 2017. Up 28% since then, up 12% YTD. I recommend contributing more than just the spare change to maximize the potential and go aggressive on the portfolio. In fact, I don’t even use my debit card ever so it’s all from my contributions that are on autopilot monthly. Acorns as a tool, is great. Everything it offers for $36 a year is nothing. If you’re going to critique a product like Acorns, it’s worth breaking it down thoroughly. Don’t lose dollars counting Pennie’s. All love, no shade.

[williamagaton]

I pay for the acorns premium and they actually waive your membership fee if you use the acorns debit card and set up your work direct deposit through them and recurve monthly at least 300 bucks in the account and it’s free to use there service as long as you bank with them partially like me or fully.

[MDLFE]

If you can earn more than $36/year in earnings, which you can if you change your portfolio in response to varying market conditions, then the fee is a relatively small factor. This helps people save additional funds passively making investing simplified.

[melry]

I opened a checking account with them, with direct deposit and the monthly fee is waived so i am just doing a recurring deposit and round up with no monthly fee