I Invested $10 Per Day Into Acorns For A Year... Here's The Results
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- Опубліковано 18 лис 2021
- I Invested $10 every day into Acorns for an entire YEAR. Here's what happened & the return I got... Leave a LIKE if you found this video helpful, & consider subscribing for more content just like this!
🔔 SUBSCRIBE HERE ➡️ / @calebismyname
"How OFTEN Should You Invest" Video:
• You Should Be Investin...
In this video I show my exact results from investing in Acorns every day for a year ($10/day). I also go over what my dollars are actually invested in, my returns over time, and different strategies I plan to use to maximize my gains over time. I hope this video gives you a good idea of what you can expect long-term from the Acorns investing platform. Be sure to turn your notifications on for more life advice, financial tips, & psychological strategies to help you grow & optimize your life!
This video is NOT sponsored.
IMPORTANT LINKS:
Acorns
My recommended app for investing and saving money as a beginner!
Referral Link: www.acorns.com/invite/3MAUZL
This app can function as a checking account, investment account, & retirement account all in one! It makes saving & investing money easy, brainless, & automated.
Webull
Open an account and get a free stock! Fund it with any amount and get one more!
Referral Link: a.webull.com/iq6qy6AYuVEsjPZk7F
This app is for more advanced investors, with live trading tools & more chart features.
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My videos & descriptions may contain affiliate and/or referral links, which means if you click on one of the product links or sign up for a service, I may receive a small commission or referral bonus, respectively. This helps support the channel. All links provided in this manner are for products and/or services that I stand behind or use myself. Thank you for your support!
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LEGAL DISCLAIMER:
I am NOT a financial advisor/licensed legal professional of any kind & everything I share is my own opinion & perspective. All investments come with risk & I cannot guarantee any particular outcome. The information presented may not apply to you or your specific situation. Take everything I say with a grain of salt, consult a legal professional, & please do your own research to make the best personal decisions for yourself!
ABOUT ME:
My name is Caleb Clament, here to be your personal guide to self-investing! My goal is to provide you with tips, tools, strategies, & resources to help you invest in yourself, optimize your life, apply yourself as an adult, & grow to be your very best. I've had a great interest in psychology & personal finance from a young age, but some other passions I have include skateboarding, creating music, exploring nature, & reading. I love learning new things & teaching others. I want to see you thrive & achieve your goals!
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Invest In Yourself.
#acorns #acornsinvesting #acornsapp
Caleb, I love your videos! I have learned so much and your explanations are so easy to understand.
Love this comment :) I’m glad I could help!
super informative, I've invested with Acorns for a few years and just wanted to watch this for entertainment value, great job dude
Thanks :) I’m glad you enjoyed! I’ve been using it for around 3 years now and so far I’ve loved it.
Nicely done!
Yeah I've been investing weekly and I'm at $3600 but yeah that's great advice. Think I'll start investing daily like you did. That's a smart move
Yea I find it gets a better average over time, if you’re investing all year long. Congratz on your cash pile so far!
@@CalebIsMyName Thanks and be sure to post more acorns videos too. Every advice helps. Learning crypto as well
Same I want to make more crypto content soon but I have so much to learn as well. I actually posted a new acorns video just a day or two ago if you wanna check it out!
@@CalebIsMyName ok I'll subscribe. Yeah I'm still learning. Not too bad though
Awesome! :) is there any content you’d like to see from me next?
I was looking through your uploads!! I’ll have to watch more of your videos they look great and this one was awesome ! I’m surprised your not way bigger ! Keep it up
Thanks dude! That means a lot :) I’m glad you’re enjoying them!
Excellent gain!
I just started today
I think after watching this video I’m gonna increase to investing more into acorn I set it up to once a week but might make sense to put more in
Nice man! You’ll be glad you did. I’m releasing another acorns related video later today so keep an eye out!
i wanna start investing/make sure money and i’m not sure if i’m going to use acorns yet but this you explained very well about acorn and definitely going to subscribe
Thanks dude! I appreciate that a lot :) feel free to reach out if you have any other questions
Quality video dude! You're going to blow up sooner or later 🔥
Thanks man! 😁
Great Job!
Appreciate it man a lot
Great video and great information. Thanks so very much.
Thanks for the comment! Glad I could help :)
Thank you for posting this! I was concerned with whether or not it made any sense to stay investing in acorns with the state of our economy.. appreciate the insights
Thanks for watching! Glad this helped :) i have a couple other acorns-related vids if you wanna check them out too!
16% is a nice gain, especially for such a passive approach!
Right! I started this account around the bottom of the dip at the start of covid in March 2020 so we’ll see what the next few years hold 😅
Great job! Keep it up.
Thank you!
I love this exchange. Thank you. 😎
Great video ❤
Thanks!
Great vid man
Thanks Yosef!
I set up an account under the moderately aggressive portfolio, up 6% in a couple weeks. Maybe I should have gone full aggressive but I also added the Bitcoin ETF and so far I'm happy with such an easy way to invest passively. The round up feature is great.
Great job! Just focus on the long term game & you’ll be all set! :)
Thanks bro I didn't know you can invest daily appreciate it
Thanks for the comment! :)
Hello Caleb 👋, thank you so much for this video, am so clueless about all of this but want to get started with investing. You really explained in a way that everyone can understand and it doesn't feel so intimidating. I have a question, am 40yrs old, would you recommend an aggressive approach for like 5yrs and then maybe pull back to moderate or conservative? Also how do you set up the daily investing? I was reading the comments about the difference btw Roth, traditional 40 1k, will watch your video.
Thanks for your kind words! To answer, I’d say aggressive or moderately aggressive would be good for now, and maybe pull back closer to the 10 year mark if you plan on retiring in the 65-72 range. If you plan on retiring right around 60 then 5 years might be the safer option. When setting up the Roth (Later) account in acorns it should prompt you to answer a few quick questions about your situation and generally the recommendation it gives for your portfolio would be the best option. :)
To set up daily investing, just click on the recurring investment part and select ‘daily’ at the top instead of weekly or monthly, and then set the dollar amount to whatever works for you. $16 per day will max it out, and $5 per day is the minimum amount it’ll let you enter.
@@CalebIsMyNameThank you so much Caleb ❤❤
Profit is profit no matter how much
Hey, Caleb! Great content! I am just starting out with Acorns and you mentioned that there is a referral link in the description, but I don't see it.
Wanted to use your link as a way to support what you are doing. Can you attach it? Thx
Absolutely! www.acorns.com/invite/3MAUZL :)
I have some wiggle room for about 4 more years and have been putting in $2k a month and it has been going smooth for about 8 months.
I have the Roth IRA. I have it aggresive, with ESG themed. However, I'm not sure if the theme is a good idea and sometimes think about changing it, to the other option. Do you any feedback or opinion on that?
My honest opinion is to just do the normal one, at least for the Later account. For the invest, it’s totally up to you. The main goal is to have as much cash in the S&P 500 (VOO ticker) index as possible. I personally haven’t seen the exact investments under the ESG portfolio but as long as over half of that is VOO, then you’re probably fine. :)
I'm doing 30$ a day in acorns I'm in love with this app!
Now is a good time too! Buy that dip! 😁
Hello Caleb, if the Acorn taking out money from checking account for daily investing, does the bank charge fee for it? Cause it would be 30 times in a month... For Chase bank..
Good question. It really depends on the bank but as far as I know, the answer is no. Withdrawing daily would be the same as just spending on the card daily; there could be a monthly fee, though, with a chase checking account. So make sure you’re avoiding that with direct deposit or by considering switching to a local credit union with no monthly fees. Hope this helps :)
I stopped acorns fees too high.
With robinhood, earning more. Saving more,
No fees
Which acorns tier did you use?
Thanks
Are you using esg or core with do you prefer
I use the core portfolio but I’m planning on switching my invest account specifically to the ESG one soon just to test it out and make a video about it
I have acorns and invest but have no idea what type of account is it ? Is it considered a Roth ? Am I taxed ? Can I not use the money until retirement . I can can only deposit 6k a year ?
The invest account is a non-retirement account so any profit within it will be taxable regardless of when you pull it out (contributions can always be withdrawn tax free). But the Later account can be setup as a Roth or traditional IRA, which I explain what those different accounts are in my Roth vs 401k vs Traditional video on my channel if you wanna check it out :)
With a Roth specifically you can contribute up to 6k per year and you can withdraw contributions at any time, but the profits will be taxed if you withdraw before the age of 59.5. If you hold it all until 59.5 then none of it is taxed :)
Can I ask are you able to withdraw the money that u have from your acorns account out to be able to spend it?
You are, although it takes a few days & you might owe taxes on some of it depending on how much you take out. The whole idea is to not touch it or take it out until you’re retired.
I've heard people say you can make $100.00 a day on acorns. I'm very interested in that aggressive approach. How would I go about doing that?
I can’t see acorns being a money printer like that without having millions of dollars invested but even then there’s no guarantees.
Any idea why my portfolio isn't doing anything? I've got round-ups turned on, I'm making the occasional one-time investment with whatever I can afford to part with, but it's still only worth what I'm putting into it. I'm seeing everyone else planting an acorn and getting a tree, but for all intents and purposes, I just buried my money where nothing's happening with it.
Good question! There’s a decent explanation for this… so currently, and also for the last almost 6 months, the indexes that Acorns uses (VOO, etc) have been trading sideways or down, which is why you probably haven’t seen any substantial change in the value of your portfolio. To give an example, I’ve used acorns for over 3 years now and at one point I was up over $1000, and now I’m up literally only $80 because of the general economic turmoil we’ve seen the last several months.
But have no fear! If you don’t need this money in the next few years, keep investing consistently and don’t think much of your account balance right now. Once the markets recover, you should see satisfying gains trickle in :)
As an extra step, you can check out the VOO 1Y or 6M graph on Robinhood or something and look at which dates you invested the most and compare that to where the index currently is, but you can have peace of mind that you’re not doing anything wrong 🙏🏻 hope this helps
Oh also! The more “aggressive” your portfolio is, the more gains you’d typical see, but also more volatility. So if your portfolio is set to conservative, that could be another reason why you’re not seeing much action
@@CalebIsMyName
Thank you, your reply was very helpful.
Okay, Aggressive... Show me what you got...
@@Bobsheaux which portfolio did you have selected previously? I typically recommend those under the age of like 35 or 40 do aggressive
@@CalebIsMyName
It was conservative at first, then I bumped it up to moderate. That gave me an extra dollar's value... and then it fell back down to where it was before just the next day, and it hasn't moved since. Fingers crossed that putting it in aggressive actually does what it's supposed to. 🤞
When your stock is up then goes down do you lose all that money/shares?
You don’t lose any shares unless you sell them, but the money yes. It’s not lost forever though because the shares can always go back up.
I.m well 20 and just started have no idea what i.m doing but decided to try how fast does this go is my question
You could expect a 10% return per year on average before inflation, but keep in mind these things are meant to be used across several decades. There isn’t really any “fast” investments that are also low-risk
@@CalebIsMyName what about cash app or Robinhood brother
I turned on round ups and invest monthly. I will increase my monthly investment.
Do it man! Remember time in the market is everything 🙏🏻
I been investing with acorn for a year now $25 a day plus the rounds up $5 a week , I’ve put already $13K to the account and I got only $900 return for the whole year , and of course with this crush it took me down to $350. At this point I don’t know if it’s worth it or not, I differently would of make more if I would just invest my money at the market in my own. Don’t get me wrong I like acorn. It just doesn’t make any sense the returns. And I have the aggressive portfolio and still the return doesn’t make any sense
Your returns aren’t really at the fault of acorns. Based on the time frame you’re referencing, those returns would have been pretty normal. We had one of the worst crashes in history, however I think you should be looking more long term.
Judging your overall return on just a couple years or less isn’t the most effective investing psychology, and If you look at a 20 year period with those indexes you’ll feel more confident about it.
Check out my “how often should you invest” video if you wanna learn more on this concept! :)
@@CalebIsMyName I agree with u 100% , it’s for a long term at least 15-20years. But seeing your portafolio and the money u putting in, and compare it to mine I should of have a bit better return that’s all. You were putting $10 a day , and u have $6k and your return is $1K ? And I’ve put for a year $25 plus roundups and I have $13K with $900 return ?
@@Tasosmam37 so the reason for that is probably because you had a good bit of investing before the Covid drop in March I’m assuming? My acorns account I started investing daily at the bottom of the Covid crash which would change the overall result quite a bit
@@CalebIsMyName yeah I think so, I started in the end of 2020 , probably being buying when everything was high and then just dollar cost averaging but still not a happy return.
@@Tasosmam37 yea I’d say stick with it for at least 5 years before changing platforms or portfolios but totally up to you. I’d feel the same as you if my returns weren’t that much like that
Great
That’s acorns ira right? Does you can’t withdraw any of the money til 59 yrs old?
Yes the Roth IRA, you can withdraw any of it at any time but if you withdraw the “gains” before you’re 59.5 you’ll owe taxes on it. For example if you put in 1000 and it grows to 1200, you can take the 1000 out at any time tax free. The other 200 if you take it out before 59.5 you’ll owe taxes on it and potentially penalties.
What do you recommend I’m finally debt free a bit of income left , only rent and insurance are my bills
If you’re debt free start putting away money into an emergency savings and retirement accounts 🙏🏻
@@CalebIsMyName great thanks so much saving up for a new car any recommendations on financing or cash trying to increase credit
@@Dragon-pv5oj best tips are don’t spend more than half your annual income on the car, and try to have half of the cars price as a down payment. So if you make 50k, get a car under 25k, with a down payment of like 12500$, which will keep your monthly payment really low. I’d try financing through a credit union that you have an account with, and try to have your credit score be in the 720-760 range
@@CalebIsMyName great I was thinking credit union as my first choice and thanks for advice might sell currently car or keep don’t know yet
@@Dragon-pv5oj I just did this recently myself! It’s a fun process. Lemme know if you have an other questions :)
Guys please dumb it down for me, is acorns good for saving money? i want to look back in a year time and be happy with my saving results.. i hear people saying about how much they lost… like how? is it worth it?
Acorns is a great app. Anyone who’s lost money, it’s not acorns fault, it’s just the state of the economy right now. But, on the bright side, you should be investing money for the long term (decades) so short term losses don’t really matter. 1 year is too short of a time span to judge the results, but statistically there’s never been a loss in any 20-year period with the main index acorns invests into (the S&P 500). Long story short, if you have more than 10 or 15 years til retirement, I’d definitely recommend acorns, and when people are losing money, that’s the time to invest even MORE because you can buy stock shares as a discount basically. The economy will recover. :)
@@CalebIsMyName ohh okay i understand now! thank you so much for the info :)
is it worth me even having the family account? or individual account?
It really depends on how much money you’re putting in per month/year. I believe I showed this towards the end of the video, exactly how much you need to have in the account to make Acorns “worth it” or have competitive expense ratios compared to other companies.
In my opinion, I wouldn’t go for the family account unless you are putting in crazy amounts of money on a consistent basis OR you are starting with over $10K. If you’re unsure, go with the individual one.
@@CalebIsMyName I'm putting 25-30 a week into weekly withdrawals
@@Gone_Rogue300 nice! I’d say go with the individual, then. And also I’d always pick the later account before the main invest account
@@CalebIsMyName how do I do that? I'm still new to do it.
@@Gone_Rogue300 so you’ll wanna pick the $3/month option, and that’ll give you the “invest” and “later” and “spend/checking” accounts. The Later account can be setup as a Roth IRA, which is exactly the same concept as the invest account EXCEPT you don’t owe taxes on any gains you make within that account IF you wait until the age of 59.5 to withdraw. Whereas the invest account, you’ll owe taxes on any gains no matter how soon or how long you wait.
I personally use the later account as my main bucket for retirement, and I use the invest account for super short-term savings like for emergencies or a weekend vacation, things like that. Lemme know if you have any other questions! :)
How do you get VOO with acorns ? Aggressive portfolio?
All the portfolios include VOO except the Conservative one. Moderately conservative includes 24% VOO, all the way up to 55% with the aggressive one.
Can you take out the whole amount if you wanted to? Or do you have to have it in the there for a certain amount of time?
You can take any of it out at any time, but you will have a small penalty if you take out any of your gains (not principle) before 59.5 years of age for the Roth. Also, with acorns in particular, if you want to withdraw more than 90-95% of your account, it’ll automatically withdraw all of it to account for short term market fluctuations while they sell your shares.
Hows it doing now caleb??
Not bad, it’s been a rough 12 months for the economy but things are starting to look up again!
Hi Caleb, how is the account now? My account lost money :(
I’m down a bit as well, but in the current economy, this is relatively normal. If you don’t plan on retiring for another 10-15 years, there’s no need to worry; markets will recover and now is a great time to buy more at a cheaper price!
@@CalebIsMyName Right on! I think I'll start putting more in there.
Is this an ESG portfolio, or CORE
Core in this video
I’ve started very modest with just the spare change. And maximized everything with 15 dollars a day within the last two years. Total investment about 13 grand with a net gain of 2.3 grand. Idk I think I’m doing alright with it
That’s awesome to hear! I think you’re doing fantastic so far especially considering how terrible the economy has been lol.
Yeah you wanna hear what they did to me OK so they put my account in verification twice and now they closed down my Acorns spend account which is the checking account that is attached to a Current and I got the debit card and I used it yesterday I made four purchases with this debit card and they close down my checking account through Acorns
Hmm that’s really strange. Personally I had kind of a difficult time hooking up my checking account to acorns for the spend card but it eventually worked. Maybe get in touch with customer service and see what they can do?
@@CalebIsMyName yeah I did that and they will not reopen the count so I asked them is there a way of reopening the account and they said no
@@CalebIsMyName Check this out
@@CalebIsMyName Let me show you this is there a way that I can send a picture
@@josiebreasbois2246 Maybe try closing your account entirely and then making a new one?
How’s it doing now?
Honestly this last year it’s been all over the place, up and down. Right now I’ve broke even, no capital gains or losses at the moment since the economy has been so bad.
so I should use the aggressive option?
I’d say to go with whatever it recommends to you based on the questions it asks, but if you want to be super sure, I’d say go with the aggressive portfolio if you’re between the ages of 18 and maybe 35 or so.
The aggressive is best if you have at least 15-20 years until you plan on retiring, any less and you might want to take less risk.
I’m in uk can I invest in same over here
Acorns is only available for US residents at this time, however there’s something called MoneyBox that operates in a similar way & should be available to the UK.
Can you withdraw all that money at once?
Yes! Just takes a couple days.
@@CalebIsMyName ok thank you
@@CalebIsMyName you’re talking about the 6k right? Or the 1k?
@@quancheese6458 you can withdraw all of it at any time but you will end up owing taxes on any “gains” you withdraw. Withdrawing only money you have put in yourself is totally fine to take out any time, tax & penalty free (at least with a Roth IRA)
@@CalebIsMyName okay thanks you 👍🏾
How can i start it....
Download the acorns app using my referral link in the description & sign up :D
Am pakistani ...are they work in pakista.
@@sohaibahmad3015 unfortunately this app only works in the United States :(
@@CalebIsMyName you can recommed me apps like this for safe investment
Smp 500
Should send these results to Dave Ramsay
😂 I saw the video where he totally clowned on acorns lol
That’s why im in a different acorns video 👍
When you pull the cash you will be taxed
Yes, but only on the gains you’ve made. In a Roth you won’t owe if you pull out your original investments, since taxes have already been paid on those.
It’s not 6,000$ max in a ira you’re wrong
It was $6000 when this video was made, but as of 2024 it is now $7000.
I started December 2020 with moderately aggressive. As of today, my portfolio is down 8% all time. 😢
I started mid 2019 and I’m down about 4% all time, down 13% in the last 12 months alone. Feelsbadman 😂 but it’ll recover. I was up 22% at one point. Now is the time to invest as much as possible if you have more than 15 years til retirement!
So u save cues thats what u did
What do you mean?
@@CalebIsMyName I fill like like is just saving account my investing gains are so low like 7 cent's in 4 days most money is the one I put in acorn.
@@adolfomendez2316 it’s very similar to a savings account, except for you have to pay taxes if you withdraw any money that you’ve made, unless you use the Roth & wait til you’re 59.5. The average annual return of these portfolios, at least the aggressive ones, is about 7-9% which is standard. However a savings account’s interest would be MUCH lower of a return, if any.
why is my account down 20% after 3 years, acorns is terrible, Honestly.
That is due to how bad the economy has been the last couple years. Has nothing to do with acorns. Just keep investing consistently & you’ll see it go up as time goes on.
Hello can I have your contacts please I need to know more am new in investment
My Instagram is an option or right here! :)