The internet has no shortage of possible options if you have some money that you would like to invest. Investment used to be reserved for fund managers and stock traders alone, but now investment options have sufficiently opened up for anyone through online means and direct-trading platforms – including you.
A lot can be said for investing in exchange-traded funds (ETFs): ETFs are popular because they put your investment into several companies under the same umbrella, it’s not just one single stock investment at once.
Acorns is a personal fund manager that does the job of a traditional stock trader but allows the user all the control they could ever want over their portfolio.
Their Sustainable Portfolio is one of many options you can find through Acorn.com membership – and it’s already received a lot of press since its introduction.
The Acorns Sustainable Portfolio promises to be one of the best exchange-traded funds for eco-sustainable investments. Companies are said to offer high returns, low-risk, and the potential of sustainable investment.
But should you put your money towards the Acorns Sustainable Portfolio? And is it worth it?
There are a wealth of exchange-traded funds that support the environment: Acorns could be the one you’re looking for – but it’s not for everyone.
Here’s an introduction to investment with the Acorns platform, and a closer look at what the Acorns Sustainable ETF really has to offer you.
Table of Contents
- An Introduction to Acorns
- What is Acorns?
- How does Acorns work?
- What’s a sustainable portfolio?
- What are Acorns sustainable portfolios?
- How do Acorns Account work?
- How do Acorns investments work?
- Is Acorns investments legit?
- Is Acorns Investments safe?
- Why use Acorns at all?
- The Pros & Cons of Acorns
- Pros of Acorns
- Quick Investment
- Low Account Minimum
- Reputable Platform
- International Reach
- Easy to Use
- Easy Withdrawal and Deposit
- Automatic Trading Options
- Support Feedback
- Cons of Acorns
- Needs a Crash Course
- Account Fees
- Limited Options
- There Are Other Sites
- Acorns Sustainable Portfolio: Is it Worth It?
An Introduction to Acorns
Acorns is an investment platform where you can exchange-traded funds (ETFs), but also a fund-broker: most of the statistics are automatic, and users can just log in to see what’s happening in the world of their portfolio right now.
It’s in real-time, guaranteed accurate, and one of the most popular means to invest in an ETF.
Here’s an introduction to the Acorns platform first.
What is Acorns?
Acorns is a financial institution that offers a personal investment platform, with a focus on ETF trading.
Users load their funds to the Acorns platform, and then make their investments either based on personal choice or system recommendations – and Acorns is designed to be, pretty much, this simple.
Basic information is all that Acorns requires from the user. Trading knowledge is not stated in their website terms and conditions, but you can assume that it’s a good idea to read up on what basic stock trading terms (such as ETF!) mean first.
The whole point of platforms like Acorns is to bring investment to a single device (or person): you don’t need four consultations with a bank or fund manager to make your investment, but get to view your own statistics and invest with a click.
How does Acorns work?
Acorns is an investment platform, but Acorns also works as an app if you want to download it on a device for faster access. The first step is to create an acorns account: from there, users can move straight to trading once they’ve made their first deposit. Since it’s a trading app, you can’t trade with anything.
Funds that have been deposited into the Acorns escrow account can be invested anywhere: Acorns suggests options that are doing well and has put together some of its own ETFs that could make good investments.
There’s no middle-man, there’s no consultant, there’s only data and the user who decides to invest (or not) based on what they see for each ETF. Investment, in the end, is totally within the user’s control.
One of the best things about Acorns’ portfolio is that you can go straight to their diversified portfolio suggestions even if you know nothing about stocks – and their suggestions are likely to be well-performing, prosperous ETFs.
What’s a sustainable portfolio?
Sustainable portfolios are not a new thing, but many people have just come to hear of them now. A sustainable portfolio refers to the eco-friendliness of the entire ETF: what do the companies that are part of this ETF do for the environment?
An eco-friendly portfolio promises that it won’t invest any of its funds in sin stock industries like tobacco, weapons, or oil. The carbon footprint of the companies contained in sustainable portfolios is also, overall, less.
Sustainable portfolios are an increasingly popular choice for investors who care about the environment, or for older ones who want to change their portfolio’s focus.
If you don’t invest in an eco fund, you have no idea where your money goes (or what it funds along the chain). Sustainable portfolios give users more control.
What are Acorns sustainable portfolios?
Acorns is a platform but is also a type of virtual fund manager that hosts their own exchange-traded funds for users to choose from. Acorns investment portfolio contains hand-selected companies that are almost guaranteed to do well – and most of them can be said to make a good bet.
Specifically, choosing an Acorns sustainable portfolio takes you to the options that Acorns has put together. Their sustainable portfolios have a clear focus on the environment and thus make for a more “green” investment.
Having access to Acorns investment account can cut out a lot of the hard work. There’s no need to find funds yourself, but you can choose from what’s available right in front of you.
How do Acorns Account work?
Acorns accounts have a specific type of ETF offered by the Acorns investment group. These offer users a basic selection of four options to invest from, which each contain hand-selected companies that all fit the same sustainable theme.
Investment in one of these ETFs is as easy as following a few steps on the platform. Users are asked to select their fund choice, and then select how much they would like to invest: click and click.
Acorns have made ETF investments that simple.
How do Acorns investments work?
Acorns is a combination of a trading platform and an investment app.
The same platform allows users to keep track of their investments, make more investments, or cash out their money when their investment has hit the heights they hoped for.
Acorns investment account gives the user total control, even of how much they want to invest at a time. Their minimum is set low enough so that anyone can join with just a few dollars to invest.
Is Acorns investments legit?
Yes, Acorns.com is legit. It’s a registered brokerage platform, and a licensed company registered to operate.
It’s one of the most common questions that people have about the Acorns platform. All the registration details are displayed openly, and anyone can look up Acorns to make sure they are a registered stock trader.
They match all the signs of a legitimate, verified trader.
Is Acorns Investments safe?
As a website and trading platform, the answer is yes. Acorns.com uses the same cybersecurity techniques to secure its site as most banks: that’s the kind of answer you want when you quiz a website about its level of security.
Are the trades you can make through Acorns investments safe? The truth is that no trade is completely “safe” or guaranteed to perform well – but at the same time, ETFs are less likely to tank or perform badly than individual, potentially scandalous single-company stocks.
Why use Acorns at all?
There are other investment platforms out there, like RobinHood: so why should you choose specifically Acorns for your ETF funds?
Acorns have a good reputation that you can verify. Even though reviews say that Acorns isn’t for everyone or some people say that Acorns have drawbacks, you have the basic guarantee that it’s a legit site.
One of the reasons you might want to consider getting an Acorns account is their prequalified lists of ETFs that have been reviewed and certified and most of them have a good investment performance.
See Related: Impact Investing Online Course
The Pros & Cons of Acorns
Pros of Acorns
Acorns investment account offers the user the option of quick investment in their chosen ETF. It doesn’t take days to process payments or make trades: everything is instant and can be done from the moment you’ve signed up and made your first deposit.
Can your bank get your money into the stock market this fast through their in-house investment options? In most cases, the answer is not – and that’s why people prefer investment platforms like Acorn.
Low Account Minimum
Acorn has a low account minimum rate.
With just a few dollars necessary, you don’t need to shell out hundreds of dollars – or even ten – to start your first trade.
A low account minimum means that Acorn investments are accessible to pretty much anyone out there.
Many traditional stock investment platforms have a very high account minimum rate, or exorbitantly high fees in order to make trades. Acorns don’t, and that’s one of their best selling points.
If you sign up with Acorns, you have the guarantee that you’re putting your money in with a platform that has already had the time to build up a good reputation. Acorns are verified and registered, and it has a track record of trading success as a reputable platform – that’s exactly what a lot of traders need.
If you have to go looking for other investment platforms, you could be exposed to scams and fraudsters who don’t necessarily follow the law. Why take that risk when you can try out a platform that’s already been tested and reviewed as reputable and real?
Acorns have international reach and don’t just focus on local investment like some other platforms (for example, Mainvest). It’s a good investment for anyone who wants to make investments to strengthen their portfolio – and their overall international reach.
International reach is something that a lot of investment platforms don’t offer, or at least don’t offer as well as you can expect from Acorns. It’s one of the most important reasons why they’re considered a top investment provider.
Easy to Use
Acorns aren’t difficult to use: ease of use is the whole point of the platform. All users have to do is create their account and they can start trading.
Ease of use is one of the most important pros here: how long would you use a trading platform that wasn’t easy to navigate? Well, not long. But Acorns works great from PC or mobile, and that’s why a lot of people have come to prefer it.
Other competitive platforms are often criticized for their hard-to-use interface or factors like lag affecting the ability to trade.
Easy Withdrawal and Deposit
One of the benefits of the Acorns platform is instant deposits: if you want to start trading now, your funds will show from the moment they are transferred – and there is no temporary hold like some other platforms to delay your trading.
Withdrawal is just as easy with Acorns. Once you’ve made the money you want on your investment, you cash your account out with a single click. Money will show in your account via wire transfer: it’s that easy.
Support is available for users who experience trouble with deposits or payouts.
Automatic Trading Options
Acorns can be set to trade automatically, although users don’t have to, and can also set the system to make all trades user-decided instead. This helps to make Acorns a more versatile investment platform: not many investment apps and sites still have an autopilot option.
Acorns offer a support inbox and call line for users who need help at any point. They get extra points for quick feedback: if you have any questions, you can easily get hold of someone from Acorns tech support to help you out – and it takes minutes instead of days.
Competitor sites are known to be slow with feedback, and some are outright scams that won’t return your calls at all. Acorns have been around (and reputable) for years.
See Related: OpenInvest Review
Cons of Acorns
Needs a Crash Course
Acorns are easy to use, but you’re still going to need a short crash course on the platform if you have no experience in stock or fund trading. While this isn’t a drawback that speaks about the effectiveness of the platform, it’s something all new users are urged to consider.
Never go into an investment platform completely blind. View at least a couple of YouTube videos, get to know the platform a little better – then make your first trade.
There’s good news and bad news here: the bad news is that Acorns charges account fees in the first place, but the good news is that these account fees are kept very low.
If you don’t mind paying for good service, Acorns is worth your money – and charges much less per-month fees than the average bank account.
Acorns give the user instant access to a wide variety of different ETF options and “hot” stocks to trade in – but it’s not an unlimited way into the investment world. When it comes to Sustainable Portfolio options, Acorns is limited to four main ETFs where you can put your money.
For many, a more diverse ETF selection is preferred. Other stock platforms could be more attractive if this is the case.
There Are Other Sites
Acorns aren’t the only investment platform of its type: admittedly, there are other sites – and it’s very possible that you could try one of these sites and find that they work better than Acorns, at least for you.
Acorns work well, but it’s worth saying that Acorns doesn’t work great for everyone – and is excellent for some others.
Acorns Sustainable Portfolio: Is it Worth It?
Acorns have gotten a lot of press in the past few weeks, and it’s steadily gaining speed on conversation boards like Reddit. Is Acorns legit? That’s one of the most important questions to get the answer to before investing any of your money with them.
The good news?
Yes, Acorns is a completely legitimate platform for investment trading: it has a good reputation and can prove that it’s been in the business of investment for years with the right licenses and registration.
But is Acorns for you? That’s up to you: if sustainable ETF investment with a click is what you’re looking for.
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