What Stock To Invest In

Investing Your Spare Change

Find out what stock to invest in when investing your spare change with this great new easy to use tool while also getting $5 free to start your new stock portfolio. 

What Stock To Invest In - Acorns

Getting started making regular investments is easier now than it has ever been before. When making regular ongoing investments, you're putting your money to work the moment you invest it as opposed to waiting to stockpile a larger sum of cash. With this great new bookkeeping investment tool from Acorns, you can set up a recurring investment for as little as $5 without even thinking about it.

You can do this by simply linking your main debit and credit cards to your Acorns account and each time you swipe, your purchases will automatically be rounded up to the nearest dollar and invest the spare change from the transaction. Many users end up investing more than $500 a year from round-ups alone that might have otherwise been wasted on non-income producing items.

By making these regular investments you can also benefit from dollar-cost averaging, which is purchasing fewer shares when prices are high and more shares when prices are low. This can reduce the overall average cost per share  that you purchase and increase your potential gains.

Another great advantage to investing your spare change utilizing Acorns is that you can earn free "found money". There are many great companies that will deposit a percentage of any purchases made through the Found Money screen app with your linked cards automatically back into your investment account.

This is a great way of helping to grow your investment account that much quicker. This is one of my personal favorite advantages that I use regularly when making online purchases through top name companies such as Groupon, TicketMaster, Macy's, Walmart and many more.

They also offer a valuable investment training library that will help you learn what stock to invest in. It comes with the Acorns Playbook as well as Investing Basics and an Investing Glossary. All of which will help you learn more about what stocks you are investing in inn addition to many new articles from some intelligent investors such as Tony Robbins, Kevin Durant and Warren Buffet.

Start making regular recurring investments with your spare change in big name stocks as Apple, Google, and Facebook along with all the best up and comers. Get $5 free to start your stock investment portfolio here now.

5 Benefits To Investing With Acorns

Investing using Acorns offers several benefits that make it an appealing option for individuals looking to grow their wealth. Here are five key advantages of investing with Acorns:

  1. Easy and Automated Investing: Acorns simplifies the investment process by automating it. Users can link their bank accounts and credit or debit cards to Acorns, and the app will automatically round up their everyday purchases to the nearest dollar and invest the spare change. This effortless and automated approach makes investing accessible to anyone, even those with limited knowledge or experience in investing.
  2. Diversification: Acorns provides a diversified investment portfolio. When users sign up, they answer a few questions to assess their risk tolerance, investment goals, and time horizon. Based on these factors, Acorns allocates their investments across a diversified portfolio of exchange-traded funds (ETFs). Diversification helps spread risk and can potentially lead to more stable returns over time.
  3. Small Investment Amounts: Acorns allows individuals to start investing with small amounts of money. With the spare change roundup feature, even tiny purchases can contribute to an investment portfolio. This makes investing more accessible and achievable for individuals who may not have large sums of money to invest upfront.
  4. Hands-Off Approach: Acorns offers a hands-off investment approach, making it suitable for individuals who prefer a passive investment strategy. Once users set their preferences and funding sources, Acorns takes care of the investment decisions and portfolio rebalancing, saving users time and effort. This passive investing approach aligns with the principles of long-term investing and can help individuals avoid emotional decision-making based on short-term market fluctuations.
  5. Education and Financial Tools: Acorns provides educational resources and financial tools to help users improve their financial knowledge and make informed investment decisions. The app offers articles, guides, and personalized insights to help users understand investment concepts, set financial goals, and develop good financial habits.

It's important to note that while Acorns offers several benefits, it also has some considerations to keep in mind. Acorns charges a monthly fee based on the selected subscription plan, and investment returns are subject to market fluctuations. Additionally, Acorns may not be the best fit for individuals seeking more control over their investment choices or those with specific investment strategies.

In conclusion, investing with Acorns offers easy and automated investing, diversification, the ability to start with small amounts, a hands-off approach to investment management, and access to educational resources. These benefits make it an attractive option for individuals looking to start investing and grow their wealth over time. However, it's important to carefully evaluate the associated costs and consider personal investment goals and risk tolerance before making investment decisions.

You might like these

Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you every month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.

Like Bookkeeping-Basics.net?

New! Comments

Have your say about what you just read! Leave me a comment in the box below.