Honestly, I love Acorns I’m going to continue using them. But if Acorns isn’t careful, I think Acorns is going to lose the essence of what made them successful.
@@BrendanEvan It seems to me that Acorns Premium is trying take two incompatible ideologies (Robin Hood and Acorns) and trying to get them to interact. If you want my opinion, I think Acorns should have offered budgeting tools to go with the Spend Checking Account similar to what you would see on Digit and/or Qapital. What do you think?
$9 dollars is too much, but I'd sign up for $5. I'm fine with slow and steady compounding. The limited selection of stocks and slow execution doesn't bother me. The 2022 stock market reminded me that quick and speedy decisions aren't always to your benefit. I watch my individual stocks like a hawk on other brokerages, and I glance at Acorns maybe once a week. In the past, I literally would forget about Acorns for months. Since 2015, I'm up 39.52% in Acorns, and the dividends keep growing every 3 months. I could replicate everything on m1 or robinhood sans round-ups, but I feel that Acorns deserves some credit showing that boring investing does work with time.
I’m on the $3 tier. Since I use Apple/Goldman Sachs HY Savings, I’ll stick to that depending on what happens with the Apple Card. I’f the Apple Card and/or the High Yield Savings Account gets discontinued, I’ll upgrade to the $5 tier and move all my money to Acorns. Hopefully by then they’ll open their custom portfolios beyond the Premium Tier.
@@jaytrosvig I went ahead a few weeks later and signed up for the $9 tier. Most of the stocks have been performing well which has made the decision pay off, but $9 is still too high.
Yeah or add some truly awesome features. I think they should include a 1% match on IRA contributions like Robinhood just added! This: ua-cam.com/video/14KXq4fWDEk/v-deo.html
Yeah it’s a bit of a dichotomy to dangle the family stuff and stock trading out so far I don’t think it’s that useful overall though so you’re not missing out imo
9$ a month is insane. I don't think it's worth it. I'm considering it but fees will eat up a lot of the gains. If they gave you instant stock trading maybe
I think it’s 2-3x higher than what we really want. Even still a flat fee is SO much less than a percentage. If you paid a manager 1% (which a TON of people do) they’d be taking more than $9 per month once you have anything over $11k invested.
It's slow, expensive, restrictive, and unnecessarily complicated. 😅 But I'm sure some individuals will appreciate Acorns as an alternative. The more competition, the better.
It is supposed to be for beginners, but it is unnecessarily complicated. Also, $9 a month is $108 a year. There are cheaper alternatives. I think beginners would be better off buying an S&P 500 ETF like SPY or VOO.
Subscribed! Was looking for a video like this to go through it all. Doesn't seem like it's for me, I'll keep going with my current Acorns portfolio and maybe looks elsewhere if I want to start investing in specifics stocks
I love your videos about how you educate about investing but why pay for a platform when so many others are free. Fidelity schwab vanguard m1 finance robinhood weeble. Ease of use of course m1.....acorns hard pass. If I have to pay for a service per month to invest my money might as well hire a stock broker
A broker is still tons more money but that’s a different discussion. Because you’re right that the main feature Acorns charges for is available for free, it’s not the most sensible decision on their part. I think it could appeal to someone who only uses Acorns and doesn’t want any added complexity…maybe?
@Brendan Evan yeah but keeping that 9 dollars a month to invest in 1 stock can be 1 or 2 or sometimes even 3 shares in a small cap company that can be seen as a risky investment but it could also be a fractional share in a ETf that you can dca in...fees are garbage..acorns is garbage in and garbage out. If you want easy pick as expert pie on m1 and dca and be done. If you want another easy one robinhood.. I recommend m1 but personally I like fidelity because of the credit card crypto investment roth ira 529 hsa you name it. Can't go wrong with a big broker. If you want to learn and you are serious about it learn.... channels like yours helped me get started and I got some decent books. I looked at these reviews you guys did on you tube and found my brokers....that's what I would recommend. Find your own journey because evey platform is unique to the individual just like investing
Have you sent more money into the account? I don’t think it will sell your current investments to rebalance. Instead it will just send new money there.
Peeps. $9 bucks a month?! Really?! And we can’t even pick stocks from the, what(?) 3700+ companies in the exchange?! Wow. Totally and utterly, lame. I mainly use Acorns to invest pocket change but if I wanted to use it full time then this would be a HUGE disappointment. 1-3 days just to buy stocks?! My goodness. THANK YOU so much for this video. I waited awhile for this to roll out and boy was I let down. I’ll keep funding my pocket change and let them invest all of it in their predetermined funds. Acorns is not and will never be fidelity or M1 finance so in the end, I don’t care. I won’t be doing it. If I knew how to send you $9 bucks to refund you for this video I would. Anyway, thank you again.
@JDCline1982 I feel like low dollar investors should not be paying $9 a month to invest. That is $108 a year. You would have to invest $10,800 for that to equal 1%. There are cheaper alternatives. I think they would be better off investing in an S&P 500 ETF like SPY or VOO.
Have you ever have this issue to withdraw money in recurring then got delay,it say my acorn account recurring withdrawal already submitted to my bank but when i check it it doesn’t have that amount ?i already waited for 3-6 days withdrawal
Hi, so i cant find anywhere as of how to use the stocks feature, how to trade stocks with acorns, how to on all that with buying and trading stocks, bonds, and etfs and how acorns helps, would you make a video about it? Or point me to where I can find out how this works
@@BrendanEvanYour video on this topic is accurate. I think Acorns is trying to be like Robinhood. The problem is that Acorns and Robinhood are two incompatible apps trying to interact with one another. This premium feature is an example of it. Do you agree or disagree?
I think the Peeps have spoken, $9 a month to be able to choose between 50 stocks in not what Acorns was made for.
I havent Peeps in forever! And I’m already subscribed to your channel!🎉
Keep up the great work
It was exactly as you remember it! Thanks for always being here Alvaro!
I love Acorns but $9 is just too much for a limited stock selection. I use it as a glorified savings account
Honestly, I love Acorns I’m going to continue using them. But if Acorns isn’t careful, I think Acorns is going to lose the essence of what made them successful.
Brendan, do you agree or disagree with my assessment?
Yeah they can’t keep adding cost without features that make it worthwhile.
@@BrendanEvan It seems to me that Acorns Premium is trying take two incompatible ideologies (Robin Hood and Acorns) and trying to get them to interact. If you want my opinion, I think Acorns should have offered budgeting tools to go with the Spend Checking Account similar to what you would see on Digit and/or Qapital. What do you think?
$9 dollars is too much, but I'd sign up for $5. I'm fine with slow and steady compounding. The limited selection of stocks and slow execution doesn't bother me. The 2022 stock market reminded me that quick and speedy decisions aren't always to your benefit. I watch my individual stocks like a hawk on other brokerages, and I glance at Acorns maybe once a week. In the past, I literally would forget about Acorns for months. Since 2015, I'm up 39.52% in Acorns, and the dividends keep growing every 3 months. I could replicate everything on m1 or robinhood sans round-ups, but I feel that Acorns deserves some credit showing that boring investing does work with time.
That would have been better to add it to the $5 tier. Sounds like you’ve got a nice long term perspective!
I agree with you. I bet over time they will include it in the 5 tier. Would've been nice to offer that for existing customers.
I’m on the $3 tier. Since I use Apple/Goldman Sachs HY Savings, I’ll stick to that depending on what happens with the Apple Card. I’f the Apple Card and/or the High Yield Savings Account gets discontinued, I’ll upgrade to the $5 tier and move all my money to Acorns. Hopefully by then they’ll open their custom portfolios beyond the Premium Tier.
@@jaytrosvig I went ahead a few weeks later and signed up for the $9 tier. Most of the stocks have been performing well which has made the decision pay off, but $9 is still too high.
They need to allow us users the option to have dividends deposited into the acorns checking account, that would be great.
Seems like a simple feature to add, they should do that!
I have a feeling eventually they'll need to include it in the 5 dollar tier. 9 doesn't really make sense. Too high.
Yeah or add some truly awesome features. I think they should include a 1% match on IRA contributions like Robinhood just added!
This:
ua-cam.com/video/14KXq4fWDEk/v-deo.html
I love Acorns but they should have this feature at least at the Personal Plus Level. Premium level is mostly useful if you have a family.
Yeah it’s a bit of a dichotomy to dangle the family stuff and stock trading out so far
I don’t think it’s that useful overall though so you’re not missing out imo
I am the acorn follower but in the advertising they didn't give $1 for share and watching
Yeah they took it off as an option somewhat recently
Close my acorn accounts about 2 weeks ago. I had them for over a year and they were not even beating the s&p. Basically a low level savings account.
9$ a month is insane. I don't think it's worth it. I'm considering it but fees will eat up a lot of the gains. If they gave you instant stock trading maybe
I think it’s 2-3x higher than what we really want. Even still a flat fee is SO much less than a percentage. If you paid a manager 1% (which a TON of people do) they’d be taking more than $9 per month once you have anything over $11k invested.
It's slow, expensive, restrictive, and unnecessarily complicated. 😅 But I'm sure some individuals will appreciate Acorns as an alternative. The more competition, the better.
Ha! Yup hopefully the competition creates better services!
It is supposed to be for beginners, but it is unnecessarily complicated. Also, $9 a month is $108 a year. There are cheaper alternatives. I think beginners would be better off buying an S&P 500 ETF like SPY or VOO.
I do not think Acorns is worth their monthly fees. You probably would be better off investing in an S&P 500 ETF like SPY or VOO.
Totally understandable! Thanks for watching!
Thanks!
Subscribed! Was looking for a video like this to go through it all. Doesn't seem like it's for me, I'll keep going with my current Acorns portfolio and maybe looks elsewhere if I want to start investing in specifics stocks
Thanks Joe!
I love your videos about how you educate about investing but why pay for a platform when so many others are free. Fidelity schwab vanguard m1 finance robinhood weeble. Ease of use of course m1.....acorns hard pass. If I have to pay for a service per month to invest my money might as well hire a stock broker
A broker is still tons more money but that’s a different discussion. Because you’re right that the main feature Acorns charges for is available for free, it’s not the most sensible decision on their part. I think it could appeal to someone who only uses Acorns and doesn’t want any added complexity…maybe?
@Brendan Evan yeah but keeping that 9 dollars a month to invest in 1 stock can be 1 or 2 or sometimes even 3 shares in a small cap company that can be seen as a risky investment but it could also be a fractional share in a ETf that you can dca in...fees are garbage..acorns is garbage in and garbage out. If you want easy pick as expert pie on m1 and dca and be done. If you want another easy one robinhood.. I recommend m1 but personally I like fidelity because of the credit card crypto investment roth ira 529 hsa you name it. Can't go wrong with a big broker. If you want to learn and you are serious about it learn.... channels like yours helped me get started and I got some decent books. I looked at these reviews you guys did on you tube and found my brokers....that's what I would recommend. Find your own journey because evey platform is unique to the individual just like investing
I subscribed two ago to Acorns and I haven't seen a change.
Have you sent more money into the account? I don’t think it will sell your current investments to rebalance. Instead it will just send new money there.
Just got my email for customization. Did a search. You popped up. Wow. You answered every one of my questions and more. THANKS!
So glad to be helpful!! Thanks Theo!
Iam not Going to be my individual stocks with acorns I Just rather do it on my own I'll just invest with the portfolio I already have with them
I think I feel the same way
Same
If I signed up for this could I go 50% bitcoin etf?
No the most you can go is 5%
Peeps. $9 bucks a month?! Really?! And we can’t even pick stocks from the, what(?) 3700+ companies in the exchange?! Wow. Totally and utterly, lame. I mainly use Acorns to invest pocket change but if I wanted to use it full time then this would be a HUGE disappointment. 1-3 days just to buy stocks?! My goodness. THANK YOU so much for this video. I waited awhile for this to roll out and boy was I let down. I’ll keep funding my pocket change and let them invest all of it in their predetermined funds. Acorns is not and will never be fidelity or M1 finance so in the end, I don’t care. I won’t be doing it. If I knew how to send you $9 bucks to refund you for this video I would. Anyway, thank you again.
You are way too kind!
It is lame but I think they are counting on inexperienced low dollar investors getting roped in.
@JDCline1982 I feel like low dollar investors should not be paying $9 a month to invest. That is $108 a year. You would have to invest $10,800 for that to equal 1%. There are cheaper alternatives. I think they would be better off investing in an S&P 500 ETF like SPY or VOO.
Nvidia
Not worth it
i think acorns is just for US residents, been trying to make account but not allowed me, I'm in uae😢
Have you ever have this issue to withdraw money in recurring then got delay,it say my acorn account recurring withdrawal already submitted to my bank but when i check it it doesn’t have that amount ?i already waited for 3-6 days withdrawal
No I haven’t seen that but I’ve also not had a recurring withdrawal setup yet
Would it be better to have 3 or 4 custom stocks or 10 custom stocks since it can only add up tonhalf of your portfolio
No one can predict that. It just depends on how well those stocks do and how long you’re invested in them.
I went on there today to take another look, I don't even see the stock option on the app anymore.
🤔 hmmm
Hi, so i cant find anywhere as of how to use the stocks feature, how to trade stocks with acorns, how to on all that with buying and trading stocks, bonds, and etfs and how acorns helps, would you make a video about it? Or point me to where I can find out how this works
Sure! I’ll add it to my list of videos to make!
Made the video for you Elizabeth!
How to Buy Individual Stocks on Acorns: Step by Step Tutorial!
ua-cam.com/video/RWE9HC44tqs/v-deo.html
Question??? I have a amt coming out weekly. When I do individual stocks do I have to add additional funds?
So you’re investing weekly?
If that’s the case it automatically sends some of the new money to the individual stocks you picked.
Thank You for your quick response
Have they added any other new features for the premium?
See these areas of the video:
0:45 Pick your own stocks
0:58 Live Q&A's
1:05 Complimentary Will
1:20 Premium Learn Content
I like this. I will try this out. How you like it?
I’ve only had it for 18 hours, so far no problems but it does seem overpriced!
Are you still with this service with acorns ?
Yup!
@@BrendanEvanThe $9 one?
I’m glad I was able to help!! I told you about it as soon as I learned about it!!
Thanks again for the heads up! Got to make a quick turnaround on this one!
@@BrendanEvanYour video on this topic is accurate. I think Acorns is trying to be like Robinhood. The problem is that Acorns and Robinhood are two incompatible apps trying to interact with one another. This premium feature is an example of it. Do you agree or disagree?