I want to start off by saying I thoroughly enjoy your videos Brendan. Top notch stuff. You seem to always forget to mention that you can have the monthly subscription fee waived if you have the Mighty Oak card and you’re direct depositing at least $250 a month. This is a huge benefit and should be mentioned. Also, I just got an email notice a couple days ago that Acorns will be bumping up the $5 plan to $6 and they are introducing a 1% IRA match on new contributions so be on the lookout for that.
Love how you break it down. Anyone using Acorns should drop a thank you. You've made a lot of videos on Acorns. Great work man 👏🏻 Oh and they could make a major move if they got Taylor Swift 🤷🏻♂️
I think acorns is more suitable for mostly millennials and generation Z . I’m a millennial and I have been with acorns since I was 22 years old but now That I learned so much over the years of investing if I would go back in time I would have definitely use the original brokerage firms like fidelity
Obviously, all of these other things would make acorns a different product. The kiddie wheels are needed for the average investor. There are other apps that are more casino like that you are referring to.
Re. Good Thing 3... Unlike SoFi which has their own mediocre ETF that they use in their automated investing feature. Instead of using proven good ETFs, SoFi uses their mediocre ETFs to funnel more money to themselves.
If Acorns added a stock back rewards credit card like Fidelity that would be great. I wish there was a little more time to sign up for the $40 bonus but that's a great deal, basically the first year free. Brendan have you tried setting up direct deposit to waive the fee? It says you only have 45 days after signing up for mighty oak card but I was wondering if the enforce it.
For somebody who has had a hard time saving money acorn has been great for me. i have over 20k saved on acorn with 125 a wk and 3X on roundups. Up 16% on my investments and goal is to reach 50K.
I look at acorn as the safe investor. It's swings are definitely less drastic than my account I invest in myself. I look at it as a safety net incase my other account crashes hopefully acorn will be ok
If you have the mighty oak card and don’t do direct deposit on it but just have a reoccurring transfer from your checking account can you just do a fund transfer every month from your checking account to pay off the 250 a month to waive the fee?
I believe that works as when I first got the card I was transferring money to my acorns account from my other bank and was transferring money from my other bank app to the acorns account with the routing number and account number and it was showing it as a direct deposit and waived the fee
Are they reliant on a problematic middle man to process all transactions? We don't know the inner workings of these companies or how competent all their partners are. They need to set themselves up to be robust and consistent, but we can't judge that from afar. (Nor are we able to forecast that if we DID have more info)
The increase to $6 also includes a 1% match for IRA later investments, if you max out your Later account it will cover the annual fee. At the $6 tier I hope Acorns adds custom portfolios.
@@Captain-Rex53 It says on Acorns help center that it's 1-3% match for Later accounts. They don't say if the $3 tier is included. We should know by July 1st.
I wish. If you know how to get paid sponsored videos from them or others I’ll take notes. The only financial motive is affiliate links which are clearly stated at the end of the video.
I want to start off by saying I thoroughly enjoy your videos Brendan. Top notch stuff. You seem to always forget to mention that you can have the monthly subscription fee waived if you have the Mighty Oak card and you’re direct depositing at least $250 a month. This is a huge benefit and should be mentioned. Also, I just got an email notice a couple days ago that Acorns will be bumping up the $5 plan to $6 and they are introducing a 1% IRA match on new contributions so be on the lookout for that.
Love how you break it down. Anyone using Acorns should drop a thank you. You've made a lot of videos on Acorns. Great work man 👏🏻
Oh and they could make a major move if they got Taylor Swift 🤷🏻♂️
I think acorns is more suitable for mostly millennials and generation Z . I’m a millennial and I have been with acorns since I was 22 years old but now That I learned so much over the years of investing if I would go back in time I would have definitely use the original brokerage firms like fidelity
Can Acorn be use internationally?
Is this only for Roth IRA 😢, can you do this for a non retirement account
Obviously, all of these other things would make acorns a different product. The kiddie wheels are needed for the average investor. There are other apps that are more casino like that you are referring to.
Re. Good Thing 3... Unlike SoFi which has their own mediocre ETF that they use in their automated investing feature. Instead of using proven good ETFs, SoFi uses their mediocre ETFs to funnel more money to themselves.
If Acorns added a stock back rewards credit card like Fidelity that would be great. I wish there was a little more time to sign up for the $40 bonus but that's a great deal, basically the first year free. Brendan have you tried setting up direct deposit to waive the fee? It says you only have 45 days after signing up for mighty oak card but I was wondering if the enforce it.
For somebody who has had a hard time saving money acorn has been great for me. i have over 20k saved on acorn with 125 a wk and 3X on roundups. Up 16% on my investments and goal is to reach 50K.
Sounds like it's working well for you!
@@BrendanEvan yes its been good so far, I let them do their thing with the investing , I just add to the pot every week👍
I look at acorn as the safe investor. It's swings are definitely less drastic than my account I invest in myself. I look at it as a safety net incase my other account crashes hopefully acorn will be ok
If you have the mighty oak card and don’t do direct deposit on it but just have a reoccurring transfer from your checking account can you just do a fund transfer every month from your checking account to pay off the 250 a month to waive the fee?
I believe that works as when I first got the card I was transferring money to my acorns account from my other bank and was transferring money from my other bank app to the acorns account with the routing number and account number and it was showing it as a direct deposit and waived the fee
It’s great but does it have the same weakness yotta did?
Are they reliant on a problematic middle man to process all transactions? We don't know the inner workings of these companies or how competent all their partners are. They need to set themselves up to be robust and consistent, but we can't judge that from afar. (Nor are we able to forecast that if we DID have more info)
celebrity face.
Margot Robbie
Do video on ESG vs Core brother
Lol Turbo!!
I tried the link but it does not seem to be working properly.
Thank you for letting me know! I will see if I can fix it
It seemed to work for me, but try this anyway: www.acorns.com/brendan/
do you think it'll still be worth it with the increase in july to $6?
How do you know there will be an increase??
I got an email new $6 starts in July
The increase to $6 also includes a 1% match for IRA later investments, if you max out your Later account it will cover the annual fee. At the $6 tier I hope Acorns adds custom portfolios.
Is this for the $3 tier ?
@@Captain-Rex53 It says on Acorns help center that it's 1-3% match for Later accounts. They don't say if the $3 tier is included. We should know by July 1st.
Thiis is clearly a paid ad for Acorn. Was not expecting this from you dude. Nothing useful here other than you will generate some cash for you.
I wish. If you know how to get paid sponsored videos from them or others I’ll take notes.
The only financial motive is affiliate links which are clearly stated at the end of the video.
Did you skip over the fees? And the negatives
@@fondy000 I believe he went over the fees/subscription fee
@@vononthemoon I was addressing the critical comment