Answer: Acorns is an app designed specifically for novice investors looking to get their feet wet in the stock market. It offers access to its robo-advisor platform, tax-advantaged IRAs for retirement, plus a checking account.
Is the Acorns app legit?
Answer: Acorns is a good app that's particularly useful for new investors and can help people learn about the benefits of saving and investing, even in small amounts. With a minimum investment of just $5, investors can begin to build a portfolio of ETFs that meets their financial goals.
Is Acorns worth it for beginners?
Answer: Acorns will be a good low-cost way for you to start investing. Once you see how much fun it can be to invest, you'll want to learn more. Find a Different App If: You want a broad variety of investment options — and a lower fee rate on smaller balances. You might like Wealthfront or Betterment better than Acorns.