Duration 6:32

Should I Use The Acorns App For Investing

by Ramsey Everyday Millionaires

124 735 watched

2.3 K

Published 21 Jun 2021

Should I Use The Acorns App For Investing? Listen to how ordinary people built extraordinary wealth—and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, Anthony ONeal and John Delony.

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Comments - 594

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@samuraikatana13 years ago My acorns investment growth over the past year has been 35% my only regret is i didn' t have more to put in. Dave might wanna look into this a little more and revisit the topic. 475
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@jonathanfoster22633 years ago Thehere is you dont have to just put in spare change, you can put in as much as you want into acorns. They also have roth ira' s you can contribute to. I' m maxing out my acorn roth ira. 340
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@Bullin893 years ago I think ur change is better in that app than the coffee mug. 100
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@GardeningforFreedom3 years ago You can put a substantial amount in acorns it' s not just round ups. 68
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@edwest88043 years ago It' s better than her spending that " small amount" on something else she doesn' t need. 123
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@tamzeejohnson74703 years ago Dave dismissed it prematurely because he didnt know the app enough to give an informed answer. He rushed onto what hes most comfortable with. 179
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@yayyareaa29973 years ago I personally love my acorns account!
you literally dont feel the money going in and the growth is pretty good. 48
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@josemoreno39103 years ago Hey dave, although what you said is an aspect of acorns, it is still useful. There are still a lot of people that are first or second generation that did not grow up learning about the investing. 67
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@sterlthepearl10002 years ago Even if a home owners pays off their mortgage, they still won' t own the home. Because in america, if you still don' t pay your real estate taxes every year the state or county can foreclose on the home. 16
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@kbcinmedusn3 years ago I have the acorns app and i can tell you that opting out of the nickel and dime investments is an option and you can basically just invest a larger amount . ...Expand 122
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@BossnurseCouple3 years ago Acorns also can take large amounts to similar to a 401k. Dave needs to read more about acorns. 79
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@Ninabeana13132 years ago You can tell he doesnt know much about these apps, hes become so far out of touch with the modern generation of adults investing. I think he needs to id="hidden7"brush up on a lot of current ways people are saving. Hes been financially secure for so long, he has no idea what were up against in these times. Especially post covid world, its awfully hard out there. Rent is insane and people need 3/4 roommates to even pay the bills! Jobs are getting away with letting people go that arent fully trained and perfect by 3 months. Programs are squeezing money back out of the poor people they just paid it to. Its a very tough and different world out there. I think he needs to do some research about newer ways people are saving, its better to start small then do nothing at all!. ...Expand 27
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@JacksonWelch3 years ago Who remembers when this was chris hogan' s channel? 124
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@OrangeCountyProductions3 years ago Ive used acorns and ive had 8% return average in the past 4 yrs. If you put a weekly reoccurring investment then you get good returns. Ive invested 80k a . ...Expand 67
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@jadiecakes32413 years ago Im using raiz (the aussie version of acorns) to save roundups so i can eventually buy more bulk shares. Its a good way to put money aside when your saving . ...Expand 12
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@barragan_music2 years ago Here' s the thing. I am people like me. And people like me wouldn' t even be investing or even saving of it weren' t for easy apps like acorns. nickels and dimes was a start. Then it wasn' t enough. So i stepped it up, which you can do in acorns. It' s not a joke. It' s better than i used to do. Now i' m debt free, and i have way more put away in various places than i have in my checking account, and it took a long time for me to even imagine something like that. I have a plan for growth. Thanks, apps like acorns. ...Expand 14
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@mileswinslow7553last year I' ve had it for about five years now. I have quite a good chunk of change in it now. It is not my only form of investment. I feel that dave dismissed . ...Expand 17
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@domwings43293 years ago Question, would you still match a 401k if you dont make contributions your whole life? As a government employee i have access to the tsp and the government w . ...Expand 1
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@zacht98053 years ago I think that using it for a side dream is the way to go. For instance i have an account with m1 that i put 20 per paycheck in just for fun that i want . ...Expand 8
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@Tammacazi103 years ago As a student i was grandfathered in so i don' t pay anything for acorns at least right now. I love it and have been using it for a couple years now. 61
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@rickykearns55702 years ago When most people take a decade to save up for a mortgage down payment these days, he could at least say " yes, putting your money in acorns at 5% is . ...Expand 6
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@doducduy963 years ago Im usually for dave but he is so wrong on this one. Its funny that this is coming from a guy who preaches every dollar should have a name and best w id="hidden16"ay to invest is automated investing. A dollar consists of 4 chump changesquarters. 4 everyday transaction and a dollar is put into an automated investing account without you even notice it. And no the fee is not $3/month thats the highest tier if you go with the base tier its $1 a month. I had a total of $4500 contribution in my acorn account since 2017 and it now worths almost $70. Last year my chump changes totaling up to $450 (now worth $580) or $37. 50 average every month automatically invested for me, thats 37. 50% contribution of the $100 a month from age 20 to age 65 will make you a millionaire talking point of dave. I cant believe dave discourages acorns its like the perfect piggy bank for the people that he wants to help. ...Expand 21
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@AnOriginalYouTuber3 years ago Even rich people have regrets in not investing in stuff. 17
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@wackyworldz2 years ago I' m considering getting an acorns account solely for the round up feature.
i' m already maxing out my roth ira every year, anything above thanks for making the video!. ...Expand 14
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@PhongNguyen-nz9kz3 years ago I think dave needs to do a little research on acorns. I put 10, 0 a year into acorns. That 6k in a roth ira and 4k into a regular account. Acorns has id="hidden18" the same mutual funds/etf that dave ramsey teaches and have performed extremely well with low expense ratio. This was a disservice to the lady. ...Expand 11
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@Scottdrruryiphone3 years ago Ramsey knows what he knows and shows contempt for other things. Ramsey would do well to get some education. Acorns has wide and deep appeal. It' s legit. . ...Expand 40
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@Omikoshi783 years ago It is difficult to get a man to understand something when his salary depends upon his not understanding it. 18
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@bravotrades56142 years ago I like how dave says he puts extra cash in an s&p500 fund to keep it liquid. But says acorns is bad, when it puts extra cash into vanguards s&p500 fund voo. 5
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@koreeeyk3 years ago Acorns help me raise a lot when i didn' t have a substantial amount to invest but now that they' re tripling their fees i don' t know if i want to stick around. 2
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@lombardo1413 years ago If you have no experience in investing i think its a good idea. 11
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@deadreckoningoutdoors3 years ago I just use it for the round ups, i know its high fees its just for the convenience and have a few bucks on the side. 25
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@nateholio13 years ago Yeah, dave doesnt understand acorns. You can put any amount of money you want into acorns. 10
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@Sfount3 years ago I use it more of just a way for saving where im not really thinking much about it. My husband and i are great savers but i like acorns because each w id="hidden22"eek i have them take $20 and put it in my acorns account. I empty it every 6 months. About $500 in june that we use for vacation for food, entertainment, fun money about $500 in december for christmas. It is not our only savings for vacation or christmas but its kind of nice to use it like fun money or a cushion that i never miss. Its like the cup of change but i never pay in cash so its earning me more than i would ever earn with change!. ...Expand 13
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@gnaef083 years ago Dave: " acorns isn' t going to make you rich"
comments: " i like dave, but i disagree
2 months later
dave: " i don' t care what you think, acorns is stupid! "
everyone else including me: still watches, likes, subscribes, and comments. ...Expand 12
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@Ostro19803 years ago I invest in my 401k and acorns. I put 6% in 401k and 3% in acorns. Should i just have all 9% in my 401k or do something else with the other 3% thanks.
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@ywamdan4083 years ago At first i was glad someone asked this question, but i dont agree with his answer, first off, youre better off putting your change into the sp500 tha id="hidden25"n not, also acorns is whatever you want it to be, i invest most of the money i make into it and its been great. ...Expand 5
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@letsbuildasnowman70583 years ago I am just glad dave ramsey pronounces itclay newcomb would be proud. 16
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@eliananyanya4 months ago How much would you have to invest in acorns invest and acorns later to make the $3/month fee worth it?
ive been comparing using acorns vs an s&p 500 index fund for. Vanguard or schwab.
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@aSAMr-exe2 years ago I' m glad i read the comments because the way he cut the caller off without hesitation rubbed me the wrong way. I will continue researching acorns! 3
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@vjiggy8110 months ago I have 12k in mines. Been investing since 2017. 2, 600 is profit. So about 10k that i put on my own. Not sure what dave is talking about. So far i like . ...Expand 5
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@AlexRodriguez-cn1ys3 years ago Rounding up your change on debit purchases is just a feature that acorns offers. You can put in whatever amount you want on a daily or weekly basis. I . ...Expand 4
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@Chris_p_bacon863 years ago Im 35 havent started investing havent had a good job until recently (construction) how to i go about starting this stuff to be set for when im 60 ish id="hidden30"to retire? Is that even possible? None of this stuff makes sense theyre talking about? Where do i start?. ...Expand
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@j.g.mcbell94943 years ago Literally 5-10 years ago there were articles making fun of all the baby boomers who bought forested land as a long term investment. They couldnt sell the lumber.
just had to ride it out. 2
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@Freddyyyy26611 months ago Started out with acorns but i use a better platform now. I challenged myself to put away 50% of my monthly income into stocks which is quite easy since . ...Expand 37
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@gabrielzarzuela773510 months ago I understand his point of view. What he meant to say is that at the long run, investing those dimes and nickles you would normally put on acorn, you should that doesn' t mean acorn is useless. It' s just a matter of prioritizing your money. ...Expand 1
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@edisjd2 years ago Index funds are better than mutual funds, less fees which makes a huge difference in long term. 1
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@kamalchandramoney35413 years ago Acorn app is unavailable in my region. What can i do? Will vpn help.
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@RavnerRavner3 years ago Asking dave ramsey if you should use one of his smartvestor pros, is like asking a fox to count how many hens are in the coop. Be advised he gets a kickback anytime someone does. 17
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@juanduran43073 years ago Golly, before he comments so sure about something, he should' ve of really be sure what he is talking about. It' s not only the spare change, but the recurring investments. 3
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@emanuelbandrabur53383 years ago Can you max out both roth and 401k? Or if i contribute $6k to roth then i can only do $13k on 401k? 1
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@DioDiablo7023 years ago Does dave and his team actually do extensive research into these apps. 17
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@CaseyBurnsInvesting3 years ago If your account is under like 6k, your expenses are low, and youre already investing its a waste of time. 17
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@itsfinee71432 years ago As warren buffet said " saying you have a mutual fund tells me you know nothing about. 2
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@JoeIgnizio2 years ago My acorns is at 8% return seems like it' s not a bad place to put some money if you want to be able to get to it. 1
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@supersurgelawncare3 years ago Ive made $492 since january on acorns, adding $20 per day + round ups. Its that a good return? 9
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@DGregster7 months ago Does dave not realize that acorns isn' t only round ups? That' s just one of the many features. They have roth ira or traditional ira and they max . ...Expand 4
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@carlapowers69573 years ago Acorns also has a retirement account-i have a roth ira with them. 15
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@lt.langle2 years ago Every penny counts. She should be doing it because you would just land it in the coffee cup until you had enough to invest anyway. When she could luck out. Sunstone could rob the change that you save. 2
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@wesleylozano58583 years ago I got an acorns app advertisement at the end of this video where dave criticizes the acorn app.
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@booneflm2 years ago I use acorns an robinhood for different reasons an i invest way more in acorns and let the experts handle the hard work. I been getting great returns, he really just don' t understand acorns business model. 3
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@ericalmighty153511 months ago Ive been using it for 6 months, i just canceled my account because i want to focus more on my actual portfolio. I look at it a few times and it would h . ...Expand 1
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@fennecbesixdouze17943 years ago " match beats roth beats
" ok, rock paper scissors, right"
no, not rock paper scissors. Traditional does not in turn beat match. 5
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@SoSaysYou3 years ago Most of y' all in the comments are weird. The lady is already following the 401k, roth, ira plan so using acorns is not necessary for her. Although . ...Expand 4
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@frankshanks97262 years ago Pay attention to what people are saying! You completely missed what she said. She doesnt just put the change in. She puts several hundred into it every m . ...Expand 2
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@claymiller3874last year Im all for dave but he needs to maybe reconsider large and small platforms. 1
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@idkidc9566last year I am 16 and want to do stocks but my mom wont let me open a custodial account and idk what to do.
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@JoshuaMReyes-gw8rk3 years ago So what if you put in $100/ day into acorns? Not sure if dave knows how acorns really operates. 7
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@welshmichael3 years ago Ive used acorns for the past year and have consistently gained 10-12% on my money. 3
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@MrNurserob4 months ago I dont think he understands that people can put in set amounts per week, bi-weekly, monthly, etc. Im putting $600 per month divided weekly into acorns set . ...Expand 1
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@gureno193 years ago Accorns is great as a digital " loose change" jar, that invests against the stock market to help grow that digital jar.
additionally you . ...Expand 5
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@demarcoandrade42573 years ago Lol i feel that anything new that comes out dave is going to dismiss it. I believe that their is more than one way to skin the proverbial cat. If it makes . ...Expand 1
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@sinailemor4673 years ago He has some good information, but he doesnt listen well. He regularly cuts people off. Maybe i notice it because being interrupted when im trying to explain is a huge pet peeve of mine. 6
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@turntprophet7960last year You would think someone like ramsey would be supporting something that saves nickels and dimes and invest that into the market. All of that adds up in acorns also offers ira and roth ira and you can deposit whatever you want. A dollar, 100, 26. 93, your call. ...Expand 1
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@romienomie5 months ago I love dave but the acorns app works well. I have been putting 20 bucks a week in and it grows steadily. Wish i could put in more and looking into dividend investing as well. 1
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@keepitreal89392 years ago If you plant nothing, you get nothing. I hope dr researched acorns and revisits this call. 1
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@user-dj8ot7di3y3 years ago Dave at made me blast coffee out of my mouth all over the place. aaaahahahaha
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@ldubc86603 years ago I cant stand ppl that think they know it all. If your not knowledgeable on certain things just dont speak on it. Acorns is an awesome investing tool. 5
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@ericmaldonadolevelupmotiva3598last year Your earning more with your spare change than he is in his coffee cup! I like dave and i believe he means well but i dont appreciate it when he cuts p . ...Expand 1
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@Lilbit22153 years ago Last week i looked in my acorn account and found $250 in it. I have no idea where it came from. I didn' t even set an automatic payment where they take . ...Expand 3
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@JohnnyD53 years ago This video shows how old dave ramsey is, lol. I literally invest thousands of dollars into acorns every month and my investments, dividends, and appreciation . ...Expand 4
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@movewithpurpose36510 months ago I have to say, this is not great advice. Acorns is incredible and you can even be an affiliate. 2
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@goodelvah5223 years ago Dave needs to educate himself lol, acorn is more then just roundups, he also bashed bitcoin years ago as scam. 2
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@isaiahmartinez20613 years ago I wouldn' t call it a joke, i have acorns and this past year i' m up 20% granted it' s still not a large amount in there. I treat it more as a savings account for stuff. 5
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@andieb36323 years ago I guess my question is it better to keep my money in bank or acorn? 1
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@g0b1n_buck3t63 years ago Dave ramsey is the joke and he sounds like a get rich quick scheme. Invest for the long run and for your future. I made over $2k in over 2 weeks because . ...Expand 2
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@jdunlap0072 years ago Like a old timer football fan complaining about how much he hates this new spread offense hooey. I am that old timer.
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@marthahernandez37272 years ago Yes you guys are right i have use acorns for 1 year and i love it i have save im getting more then what banks give. 4
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@PoseyTV13last year I disagree with him! Nothing is wrong with using acorn! Its made for spare change round ups etc. Hes a multi millionaire now so im sure he wouldnt think $ . ...Expand 1
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@alinatamashevich33543 years ago If you uber or ride in your bentley, you are still welcome at the party. 1
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@jeffreyabbey95923 years ago Acorns is another tool. Another stream.
why not add it to mutual funds 401ks
the roi isn' t nothing. It' s something!
i love it. 2
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@alia77503 years ago Dave is such a boomer bet the reason he hates these apps is because he cant even use a phone. 8
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@adamtheanalyst3 years ago I know this will get lost in the comment section but sometimes at night i go to my backyard and roll over in the dirt and pretend i' m a big carrot . ...Expand 25
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@choephel45653 years ago What about investing $100/ month in acorn? Is it good investing? 2
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@djpuplex3 years ago Why not just do a three fund portfolio. I love how dave dismissed anything other than high fee mutual funds, and those smart vestor pros that give him . ...Expand 7

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Should I Use The Acorns App For Investing

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