I have recently signed up for an acorns account. It’s pretty much a piggy bank linked to your debit card that is invested into portfolios that meet your risk sensitivity and time horizon. I like the idea of the modern day piggy bank, but is this really a good deal? It’s a $1 a month fee for them and they invest in what looks like vanguard funds (VOO, VB, VEA, VWO, VNQ) and bonds - LQD, SHY. My question is if after fees from acorns and the ETFs, am I even making any money? Or am I just paying to have a virtual piggy bank?
Does anybody use this app and can elaborate a little more? Or anybody else who thinks it may just be a bad investment?
Submitted March 04, 2018 at 02:39PM by burchnuts-c137 http://ift.tt/2FfX2Rh
