![]() This feature is rapidly gaining popularity amongst young users, who find it surprising to see how much they can save/invest. For instance, if you went to buy groceries and the bill was $55.70, it automatically “Rounds-Up” to the nearest dollar ($56) and invests the difference of $0.30 (spare change) into a portfolio of exchange-traded funds (ETFs). The trendiest feature that Acorn offers is that it allows users to invest whatever spare change they have from buying anything. The app lets users set up accounts in less than five minutes and follow the automatic investment options associated with a Robo-advisor to allow their users to invest weekly, fortnightly, or monthly in their choice investments. As of 2023, Acorns has +4.5 million customers and +$6 billion in assets under management.Īcorns has managed to address all the significant hindrances most new investors face in investing. We will keep you updated about any such plans if they come up.ĭo you want to know the most suitable alternatives for Acorns in Europe? We have got you covered!Īcorns is a modern financial services company based in California that offers micro-investment opportunities through a Robo advisor model. The only exception is US Army personnel serving abroad, who can use their Acorn account anywhere in the world.Īs of now, Acorn has not yet publicized any projects for expanding beyond the US. To use the Acorns app or open an account with it, you must be a US citizen or a permanent resident over 18 years old. ![]() Yeah, but only if you live in the US… Acorns is not available anywhere in Europe at the moment – if you are from the UK, France, Germany, Ireland, or any other European country, you cannot open an account. We know what you are thinking: “So, isn’t Acorns a good solution?”. Luckily for your wallet, the days of paying a human advisor are becoming an “old thing” as technology has advanced, as proven by the creation of Robo-advisors that are available to help investors make smart decisions and the most profit from their investments. However, it may be hard to do it traditionally since a random financial advisor may charge 1.5% or more of your total investable asset. ![]() Investing aims to create long-term income and grow as much as possible over time, earning you passive income.
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