A micro-investment app for beginners

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For those just getting started on their investment journey, entering the stock market can be a daunting process. But a number of fintech investment apps have beginner-friendly features such as no account minimum, training resources, and simplified interfaces that can make the transition to investing much less daunting. Many newcomers can choose Acorns, which have many of these features.

Acorns is an app designed specifically for beginners who want to get their feet wet in the stock market. It provides access to its robo-advisor platform, tax-deductible IRAs for retirement plus a checking account. Its main micro-investment feature allows budding investors to start small by investing the extra money from their daily purchases.

For example, when you buy a coffee for $ 3.75, Acorns rounds up to the nearest dollar and invests the extra $ 0.25 cents in the market. The idea of ​​microinvestment is that your contributions will increase over time. It is a good strategy for beginners who want to dip their toe in the investment pool before diving all-in.

Below, Select reviews the investment opportunities, features and fees for Acorns to help you decide if this platform is right for you.

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Acorn’s review


  • Minimum deposit and balance

    Minimum deposits and balance requirements may vary depending on the investment vehicle chosen. No minimum is required to open an account, minimum 5 USD to start investing

  • Fees

    Fees may vary depending on the investment vehicle chosen. Monthly plans include: Personal ($ 3 per month) and Family ($ 5 per month)

  • Bonus

  • Investment cars

  • Investment opportunities

    Diversified ETFs, which include more than 7,000 stocks and bonds

  • Educational resources


  • $ 0 minimum deposit to open an account
  • Invest your extra small change from everyday purchases
  • Adapts users’ portfolios around their financial goals, timeline and risk tolerance
  • Automatically rebalances the portfolio
  • Offers Acorn’s Sustainable Portfolios for ESG Investments
  • Access educational articles and videos to learn about investing


  • The monthly fee can be high if you do not invest much
  • Investment opportunities are limited

Investment opportunities



Bottom line

Editorial note: Opinions, analyzes, reviews or recommendations expressed in this article are solely those of the Select editorial staff and have not been reviewed, endorsed or otherwise endorsed by any third party.

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