Fewer asset classes than other robo-advisors.Monthly cost seems low but can be significant until users have a more sizeable balance.Remains one of the best investing apps for beginners after being on the scene for nearly a decade!.Shares educational resources and financial planning tools.Versatile account options to help you save and invest for any stage of life.Here are the pros and cons to Acorns: Pros This allows users to invest with just the leftover change from everyday purchases, in addition to the more traditional recurring contributions. Acorns is a robo-advisor that specializes in micro-investing. Investing apps make it easy to get started investing, and Acorns allows anyone to get started with just pennies! That’s right. Acorns supports Roth IRAs, traditional IRAs, SEP IRAs, as well as UTMA/UGMA and checking accounts.Acorns offers three different low-cost tiers of service, depending on the types of Acorns investments you need.Acorns is a robo-advisor that creates an expert portfolio based on your unique needs or allows you to customize your options.Acorns popularized micro-investing with their round-up feature.Acorns is one of the best investment apps for beginners.
As an added benefit, Acorns can also help you start investing on behalf of your children. Of course, you can also set up recurring contributions.Īcorns allows you to invest in a variety of ways, including traditional taxable investment accounts and retirement accounts, such as Roth IRAs. Once that spare change totals $5, that money is invested into your account. You can set up the round-up feature, which means that Acorns will collect spare change from purchases that you make using linked cards. This tool is especially powerful because there are multiple ways that it keeps your investments working behind the scenes. While the app excels as the best investment app for beginners, Acorns can work for investors at any level. *This post may contain affiliate links, please see my disclosureĪcorns is a micro-investing app designed to help people grow their financial dreams.