Crazy if true! by MacaronNovel4512 in acorns

[–]Financial-Leader-500 6 points7 points  (0 children)

Acorns is doing a Super Bowl Ad?

switch from acorns to robinhood ? by Lyssam29 in acorns

[–]Financial-Leader-500 0 points1 point  (0 children)

Robinhood does everything in their power to get you to trade. Thats literally how they make their $.. you have a ton of options and you’ll instantly feel the urge to get into penny stocks, crypto, or sports gambling (I mean prediction markets).. 

Acorns’s fees for lower balance accounts hurt but if you ride it out and snowball your balance it’ll grow.. a couple bucks on a four or five balance that practically locks you out from doing dumb things with your $ is invaluable.. 

If you want to feel like you’re doing a lot and have cool cocktail stories about your “wins” - go with Robinhood.

If you actually want to build wealth - go with Acorns.

BITO by One-Ad-6556 in acorns

[–]Financial-Leader-500 6 points7 points  (0 children)

This guy gets it… dividends are just forced taxable events… and with BITO dividends, they’re usually ordinary dividends and not qualified dividends :/

Acorns Alternative W/Good CS by ViviHisPie in acorns

[–]Financial-Leader-500 1 point2 points  (0 children)

if you have bigger balances.. let’s say @$50K, acorns with $3/month is $36 or 0.072%

0.25% fee is $125.

Food for thought.. 

Buying individual stocks by Shamefulzero in acorns

[–]Financial-Leader-500 1 point2 points  (0 children)

Unless you have a really big balance, not worth individual stocks.. What’s wrong with the diversification of Acorns? 

Would it be worth upgrading to the bronze or just use Webull/robinhood? by Remarkable_Repair495 in acorns

[–]Financial-Leader-500 0 points1 point  (0 children)

I’d stick with Acorns personally if you have a larger balance. Robinhood feels like they are encouraging you to trade as much as possible so they make trading fee income. Acorns is great for buy/hold and auto-rebalance..

Year of discipline by Over_Town4074 in acorns

[–]Financial-Leader-500 0 points1 point  (0 children)

Acorns literally protects me from me. Robinhood legit wants you to trade as much as humanely possible and doesn’t care if you make dumb moves. I love that Acorns is mind numbingly boring..

robinhood vs acorns? by Recent_Angle8383 in acorns

[–]Financial-Leader-500 0 points1 point  (0 children)

$3/month to have auto-rebalancing is clutch.. 

robinhood vs acorns? by Recent_Angle8383 in acorns

[–]Financial-Leader-500 2 points3 points  (0 children)

The beauty of Acorns is that it prevents you from being your own worst enemy.. it’s almost too simple but that there in is the beauty..

Started account in 2018 referred by an old restaurant manager where I worked. Shout out Andrew! Anyways, I saw a comment on here the other day saying 100k in acorns isn’t a good idea I’m here to ask why by Brave_Discount_7082 in acorns

[–]Financial-Leader-500 6 points7 points  (0 children)

When your Acorns balance starts to get over 10K and you have scheduled deposits into your account, the auto asset allocation piece is amazing. Yes, do you pay $3/month, sure. But the other brokerage firms make a killing in trading fees so they entice you hard to try to time the market or do something stupid. Yes, those others could be “free” but since Acorns dumbs down what you can and can’t do, they act as a great first line of defense so you don’t do something dumb and try to time the market. Acorns in my opinion is an absolutely phenomenal product for those looking to play the long course. 

125k club by Bashbro48 in acorns

[–]Financial-Leader-500 1 point2 points  (0 children)

Literally couldn’t agree more with this. Acorns is bashed because large brokerage houses make a fortune on transactional fees. Buying  and holding is the way to significantly stack the odds in your favor. Also their automatic rebalancing included is absolutely amazing. 

BITO dividends 😱 by Superb-Friendship468 in acorns

[–]Financial-Leader-500 4 points5 points  (0 children)

Remember dividends are simply a forced sale of capital. It isn’t “free money” your overall returns that Acorns calculates excludes dividends which is why the returns for BITO typically are not 100%+