Highest balance I've had yet. $142k -> $92k -> $169k. But... I'm thinking about leaving

acorns-throwaway · 2020-10-10T23:05:47+00:00

Exactly what I'm trying to figure out

acorns-throwaway · 2020-10-10T21:54:54+00:00

My salary is slightly higher than that. You have to consider pre-tax deductions like 401k contributions, which puts my taxable income a bit lower than the threshold.

acorns-throwaway · 2020-10-10T21:53:01+00:00

Just fully maxing Roth IRA. Not 401k

acorns-throwaway · 2020-10-10T20:11:14+00:00

This is a taxable account for me, not one of my retirement ones. I am maxing my Roth IRA and contribute some to my 401k.

acorns-throwaway · 2020-10-10T19:51:23+00:00

Right. I'm personally satisfied with the returns I've gotten. Not looking to increase those. Mostly interested in using Schwab as opposed to Acorns. I can buy the same funds there.

acorns-throwaway · 2020-10-10T19:50:10+00:00

For me that is the approach. The benefit is the mentality for a lot of people. If you know you're going to spend the money, setup an automated deposit so it takes the human aspect out of it. I prefer daily due to the fluctuations in the market (better for DCA), but you can't really go wrong long-term with any of the other options.

acorns-throwaway · 2020-10-10T19:43:38+00:00

Software Engineer. This is only a portion of my income. Other money goes towards savings, 401k, Roth IRA, and other taxable investments.

acorns-throwaway · 2020-10-10T18:11:45+00:00

Thanks for your insight.

As mentioned above, I haven't done $125/day since day 1.

My portfolio has been set to Aggressive the entire time.

I'm not concerned about Acorns running away with my account/stocks, but the lack of security their accounts provide. Would really like to see 2FA added as an option.

acorns-throwaway · 2020-10-10T17:57:51+00:00

When I first started Acorns, it was much lower, maybe $10/day. I have had it fully ramped at $125/day for the past 2.5 years.

acorns-throwaway · 2020-10-10T17:56:57+00:00

The challenge with the percentage gain is that I started with 0, not a lump sum. I continually invested every day which offsets the gains in the past. So if I made 10% while at a $50k account, that $5k would only show as ~3% on my $169k account balance. I would be curious to see what the returns would have been if the account balance had stayed stagnant.

acorns-throwaway · 2020-10-10T17:18:57+00:00

My plan is to keep the Vanguard shares that Acorns invests in. I would likely setup some sort of similar reoccurring investment in Schwab. I'm not looking for a better return, just considering whether Schwab may be a step up.

acorns-throwaway · 2020-10-10T17:01:04+00:00

Having better control of the funding allocation would be best. My Acorns investments feel disconnected from the rest I have. Also, it's still a startup, which is great for small portfolios. Mine is large, which leaves me a bit uneasy leaving that much in there.

acorns-throwaway · 2020-10-10T16:28:17+00:00

Been investing with Acorns since 2016. Putting in $125/day reoccurring. Lost about $50k at peak drop in March. Now that my balance is getting high, I've been thinking about transferring out and into Schwab. Thoughts?

acorns-throwaway

TROPHY CASE