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#51 2016-05-22 18:25:03

House
Moderator/ Legend
From: Stack City
Registered: 2012-04-30
Posts: 9,643
Trades :   232 

Re: Acorns- An App That Invests Your Spare Change

scrooged wrote:
BuggedOut wrote:

Perhaps....

....but, how many people really use electronic payment for a $2.40 coffee (serious question)
.

I could save $365+ pa if I could find a $2.40 coffee.

Why don't you make your own?


WBI- 41.16

"There's no point in paying a mortgage on an asset that is going to fall by 40 per cent or so in the next few years". Steve Keen, 2008.
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#52 2016-11-14 22:13:53

Killface
Silver Stacker
From: Nunya
Registered: 2016-01-06
Posts: 978
Trades :   15 

Re: Acorns- An App That Invests Your Spare Change

Bump: Acorns is offering shares (in Acorns) to Australian residents.  More accurately, shares in a shelf company that will invest in Acorns to the tune of $1M-$6M.  Acorns is not a listed company.

Since launching in Australia 9 months ago, we have enjoyed an overwhelming amount of support from you and thousands of others. Many of you have asked for the opportunity to be able to invest in the Acorns business, so we decided to make that a reality.

If you are interested in investing in the Acorns business, please read the prospectus found here in its entirety before deciding whether or not to invest in new shares. Within the prospectus you will find instructions on how to apply for shares. The minimum application amount for new shares is $5,000.

If you have any questions, please do not hesitate to contact us on 1300 954 678 or at [email protected]

Not for me, I think I'll stick to the spare change thing.


All that glitters is not gold...
...but all that is gold glitters!

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#53 2017-03-01 05:20:31

mmm....shiney!
Silver Stacker
From: 昆士蘭
Registered: 2010-11-15
Posts: 16,000
Trades :   102 
Website

Re: Acorns- An App That Invests Your Spare Change

Acorns has a March promotion, offering $5 to everyone who refers a friend, and $5 for that friend as well.

It's a good product, current returns are about 7.7%, easy way to get access to the share market with only a few $.

So if you're interested here's my invest code: app.acornsau.com.au/invite/E47XCN


The woolgrower's target shall be the good thriving of his flock and its pastures, and so of himself and those whose livelihoods depend on his enterprise.
"The Woolgrower's Companion", 1906.

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#54 2017-03-29 23:50:18

House
Moderator/ Legend
From: Stack City
Registered: 2012-04-30
Posts: 9,643
Trades :   232 

Re: Acorns- An App That Invests Your Spare Change

Totally forgot I had this which has been a nice hidden benefit of this app given the returns. $500 that would have been spent if it wasn't being siphoned off into here $1 at a time. Think it's a moderate risk profile but still very unimpressed with the ~1% return when they advertise around the 7.7% mark.

nNgSZid.jpg


WBI- 41.16

"There's no point in paying a mortgage on an asset that is going to fall by 40 per cent or so in the next few years". Steve Keen, 2008.
Stacker FAQ'S. New threads welcome- http://forums.silverstackers.com/topic- … faq-s.html

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#55 2017-03-30 00:44:39

Killface
Silver Stacker
From: Nunya
Registered: 2016-01-06
Posts: 978
Trades :   15 

Re: Acorns- An App That Invests Your Spare Change

Hmm, don't know what's up with yours, mine shows a much healthier return:

24720_screenshot_20170330-123506.png

I'm using the 'Moderately Aggressive' profile.  To my surprise, these figures are after the account fee has been deducted.

Your deposits aren't mostly recent are they?


All that glitters is not gold...
...but all that is gold glitters!

Stacker formerly known as HoldMeTender

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#56 2017-03-30 01:41:16

House
Moderator/ Legend
From: Stack City
Registered: 2012-04-30
Posts: 9,643
Trades :   232 

Re: Acorns- An App That Invests Your Spare Change

Well then... changing the profile to the same! Good result though, wouldn't have expected that kind of return for an app.

Had a look and had set up weekly deposit of $50 from 3rd March so not really much time to assess the performance.


WBI- 41.16

"There's no point in paying a mortgage on an asset that is going to fall by 40 per cent or so in the next few years". Steve Keen, 2008.
Stacker FAQ'S. New threads welcome- http://forums.silverstackers.com/topic- … faq-s.html

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#57 2017-03-30 01:46:39

Killface
Silver Stacker
From: Nunya
Registered: 2016-01-06
Posts: 978
Trades :   15 

Re: Acorns- An App That Invests Your Spare Change

YMMV cool

Edit: my account has been active for a year, so obviously slow deposits..  It has gone down at times but not significantly... so far...

Last edited by Killface (2017-03-30 01:50:41)


All that glitters is not gold...
...but all that is gold glitters!

Stacker formerly known as HoldMeTender

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