What Is Acorns Investments
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What Is Acorns Investments

What Is Acorns Investments

Investing in the stock market can be intimidating and complex, but with the help of Acorns Investments, it doesn’t have to be. Acorns is an automated investing app that makes it easy to start investing with as little as $5. It helps you build a diversified portfolio based on your risk tolerance and uses algorithms to pick investments for you. In this article, we’ll take a look at what Acorns is, how it works, and why it’s such a great option for beginning investors. We’ll also discuss the different types of accounts offered by the company and their fees so you can decide if Acorns is right for you.

What is Acorns Investments?

Acorns is an investing app that allows users to invest spare change from everyday purchases into a diversified portfolio of stocks and bonds. The app rounds up users’ purchases to the nearest dollar and invests the difference into a portfolio of exchange-traded funds (ETFs). Acorns also offer an optional recurring investment feature, which allows users to automatically invest a set amount of money on a daily, weekly, or monthly basis.

The Acorns investing app was founded in 2014 by Walter Cruttenden and Jeff Cruttenden. The app is available for iOS and Android devices and has over 4 million users as of 2019. Acorns have been featured in numerous publications, including The New York Times, Forbes, TIME, and Business Insider.

The Different Types of Acorns Accounts

There are three different types of Acorns accounts: the Acorns Core account, the Acorns Later account, and the Acorns Spend account.

The Core account is the basic Acorns investing account. With this account, you can invest in a portfolio of ETFs that are automatically rebalanced.

The Later account is an IRA that allows you to save for retirement. You can choose from a traditional IRA or a Roth IRA.

The Spend account is a checking account that comes with a debit card. This account has no minimum balance and no monthly fees. It also offers features like round-ups (which rounds up your purchase to the nearest dollar and invests the difference) and Found Money (which invests cash back from select brands into your Acorns account).

Pros and Cons of Acorns Investments

There are a few key things to consider before investing with Acorns. Below we outline the pros and cons to help you make a decision.


– Automatic Investing: One of the biggest advantages of Acorns is that it makes investing automatic. Once you link your credit or debit card, every time you make a purchase, Acorns rounds up the spare change and invests it for you. This means you can start building your investment portfolio without having to think about it or make regular contributions yourself.

– Affordable: Another benefit of Acorns is that it’s an affordable way to get started in investing. There is no minimum balance required to open an account, and the annual fee is only $1 per month for accounts with a balance under $5,000 (or 0.25% per year for balances over $5,000). This makes Acorns a great option if you’re on a tight budget but still want to start saving for the future.


– Limited Investment Options: One downside of Acorns is that there are limited investment options available. Unlike some other brokerages, which offer a wide range of stocks, ETFs, and mutual funds to choose from, Acorns only offers a handful of diversified portfolios made up of ETFs. This may not be ideal if you’re looking for more control over your investments or want to invest in specific individual securities.

– Limited Support: Another potential drawback of Acorns

How to Get Started with Acorns Investments

If you’re new to Acorns investments, here’s a guide to get started. First, download the Acorns app and create an account. Then, connect your bank account to the app so that Acorns can begin tracking your spending and saving. Once you’ve done that, you can start setting goals for your finances and investing money into your Acorns account.

To get started with Acorns investments, all you need to do is download the app and create an account. Then, simply link your bank account to the app so that it can start tracking your spending and saving. From there, you can begin setting goals for your finances and investing money into your Acorns account. It’s really that easy!


Acorns investments have become an increasingly popular choice for those looking to invest with ease and convenience. With Acorns, you can get started as quickly and easily as by making a few taps on your phone or computer. You can even customize your portfolio with the help of their built-in financial advisors, allowing you to take control of your own investment decisions. Investing has never been simpler – why not try out Acorns today?