Portfolios are fine. There needs to be a performance breakdown of the securities in the protfolio. If the portfolio is losing money, you need to know which securities are performing poorly and vise versa. $1/month is fine as long as your investment is less than $5000. This way you save on trading costs if you were to do the investing through a broker. If your portfolio is larger that $5000, then paying 0.25%/year in fees is a bit too much. But, if your investment size is small, this is a good app.
I've used this app for years and, until now, LOVED it. A glitch in my roundup accounts occurred in my bank account and it stopped adding the roundups. I emailed Acorns for assistance but was immediately told my bank wasn't compatible. 😐But I've but using it to do this for years! They told me there was nothing they could do and I can still deposit/withdrawal money. But that's NOT what I use Acorns for!😠 The roundups are what makes Acorns so great! I loved my Acorns account! It has saved my butt in many a tight spots but it is of no use to me now!!😔
TAKES OVER A WEEK TO WITHDRAW. It says 5-7 business days but it will ALWAYS take 7+ days to withdraw. I'm currently on my 9th day waiting on my withdraw as we speak. I understand having to sell shares but then there's apparently an additional 3 day mandatory wait after shares have been sold. If you want quick withdrawing capabilities then use Quapital or Digit. Much much better. However, I do like acorns and it has helped me save quite a bit. Just don't use this as an emergency fund because you won't have access to the money for 7+ days.
Acorns is the perfect solution for entrepreneurs who don't know the stock market well enough to do it on our own but who have the money to invest. It's a great solution for either people who want to invest their pocket change or who wish to be more aggressive for a larger return. There is also less risk since the program constantly monitors and redistributes your investments where they will do the most good. Very impressed with this app and the smart technology behind it.
This app continues to give me problems. My bank accounts have now been disconnected AGAIN and I can not get ahold of any one to help fix the problem. So I can't even withdraw my own money if I want to. Closing all my accounts once this is solved. If someone even helps me.
Love this app! Very easy to use and understand. Great way to save money as well. The only negative is that the "cents" don't come out immediately. It comes out after hitting $5 total. I don't really mind it but sometimes I won't swipe my cards for a while and randomly money will come out my account. Great app overall.
We fixed some bugs to make Acorns work better for you, because small change matters.
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Thanks as always for your feedback. Happy investing!
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