Acorns- An App That Invests Your Spare Change

Discussion in 'Wealth Creation & Management' started by House, Jun 27, 2015.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Performance seems to have declined a bit over the past 12 months. Maybe it reflects the health of the share market? Mine is the aggressive portfolio.
     
  2. Killface

    Killface Well-Known Member Silver Stacker

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    I don't watch mine closely enough to know, but it seems to have been fairly consistent. I suppose yours would be more volatile.

    I'm keen to commit a bit more to the account in the hope my returns continue as they have.
     
  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    When I get a chance I'll post the returns
     
  4. Jaded5542

    Jaded5542 New Member

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    Look at the long term, my investments have grown steadily since i started.
    Ive switched from the aggressive to the emerald profile when it was released, cos you know bonds.
     
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  5. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I didn't even know there was an emerald till you posted. Is that a new portfolio?
     
  6. House

    House Administrator Staff Member

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    Pretty sure it was there when I joined. At the bottom;

    IMG_8610.jpg
     
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  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I think it's new.
     
  8. Jaded5542

    Jaded5542 New Member

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    It's new, like a month or 2 old.

    14th of June to be correct.
     
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  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I see ING is doing the round-up bit too, haven’t paid much attention to it though.
     
  10. reaver

    reaver Active Member

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    First deposit ($500) went in on 28/08. I'm on the Aggressive portfolio
    I have a monthly deposit setup for $20.
    acorns_returns_20171020.jpg
     
  11. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    I forgot about this till the above post.... Do people still recommend siphoning off some spare cash to this?
     
  12. House

    House Administrator Staff Member

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    Depends what you want from it and how you handle your cash. I use it to accumulate a few thousand and every quarter use that money to buy index funds or LIC’s. Easy way to build up a portfolio with money that would have otherwise been spent.
     
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  13. reaver

    reaver Active Member

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    Or just sat in a savings account
     
  14. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Thanks for that. To be honest I just want it be another way to make my money work a little harder than other means other even the same is fine as diversification comes into it as well. But I will be doing the same thing and taking it out periodically and putting it towards something else.
     
  15. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    EDIT. got my answer.
     
    Last edited: Oct 21, 2017
  16. ego2spare

    ego2spare Active Member

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    i want to be 100% on board with this app so bad. but i cant get out of my head that its just a new app and apps come and go like the tide. if i have 50k in it and it folds.... who do complain to?.. but i do like how the banks are catching on. at least u will have somone to go and shout at.
    also on my phone i notice alot of glitches on the app and i dont want TOO much of my money on an up and coming glitchy app....
     
  17. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    This might answer your question.

    https://acornsau.com.au/security/

    You can thank me googling it for you by using my code and giving me $2.50 :D

    https://app.acornsau.com.au/invite/AY6JKY
     
    Last edited: Oct 21, 2017
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  18. reaver

    reaver Active Member

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    I'm happy with the experience of Acorns so far. I read the security statement and privacy policy and nothing jumped out at me. The questions at sign up may seem a bit invasive but its nothing different to what a financial adviser or portfolio manager would ask. Answer truthfully, and it helps them plan the bulk of their investments for the best returns.
    The investment options or 'levels of risk v. reward' are quite similar to my superannuation, they give you a few simple to understand options of how to invest your money and you can manage the whole thing with a few taps.

    From what I read the confidence in share markets is pretty good at the moment (by no means am I an expert, take this with a grain of salt and do your own reading) so I think I will up my investment from a few hundred to a few thousand and report back here on the performance.
     
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  19. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    I have a question for those who have been using acorns longer than myself in relation to the "Found Money' (or partnerships) that give you a certain percentage or give you 2,3,4,5 times your round up.

    I have my joint credit card and my personal account set up with acorn and my wife have the joint account and her personal account set up too.
    So the question is. If I shop at Dan Murphys for example, which gives you 5 times your round up and I pay by credit card. Will I get X5 to my account and my wife gets X5 to her account.... Essentially doubling the bonus?
     
  20. reaver

    reaver Active Member

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    Market returns on Friday $284 (includes reinvested dividends)...
    Market returns today...
    Screenshot_20180206-204345.png
    Easy come, easy go.
     
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