Acorns Investing Review 2024


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Are you new to investing and have no idea where to start? Do you have limited money to invest, but want to dip your head into the market?

For novice investors, it is best to save and diversify your money when investing. Diversification will allow you to invest in multiple market areas. For example, if large company stocks take a dip, fixed income would be in your favor.

Every young millennial or new investor’s dream is to find the perfect match of where to invest. We want the best bang for our buck. If your strategy consists of the long term only, I would highly recommend Acorns.

Below, I will break down the investing app’s features, along with pros and cons in this Acorns review.

Acorns Overview

Acorns is an automated investing app for those college students or individuals who want to start their investing career from scratch. You can easily invest with a very small amount, $5 or less. 

What attracts eyes to this fascinating app is that Acorns allows consistent funding of your account while building your portfolio. The spare change you have, Acorns takes that spare change and invests it. 

My personal experience resonates with Acorns because I had trouble finding the right vehicle for investing. I had little money to invest, and I did not want any hefty transaction fees. 

Each time I made a purchase on my debit card, Acorns kept track of my spare change. I wanted to reach above the threshold of $5. I waited until I had $20 in change so Acorns could directly invest that amount.

Invest Your Spare Change With Acorns

Put your spare change to use with Acorns. Automatically invest your spare change to save for retirement and other money goals.

We earn a commission if you click this link and make a purchase at no additional cost to you.

Acorns Features

Acorns has several great features that most users will love. Here are some of the best features available with Acorns. 


There is an option to select your type of risk appetite. For example, if you want steady returns over time, then choosing the conservative option would be best. Conservative portfolios contain more corporate and government bonds and less large company stocks.

However, if you define yourself as a risk-taker who wants to maximize returns, choose the aggressive option. Aggressive portfolios are the best option for those starting out and thriving over time. Most of your portfolio will contain large, small, and global company stocks.


One of the best features of this app, Acorns allows roundups to your investments. For example, if you buy a small meal for $8.25, Acorns will round this up to $9 and invest the remaining $0.75 into your account. Once these small amounts add up to $5, then that amount will be added to your investment account from one of your checking or saving accounts

This is what makes the Acorns app so appealing to the newbies.

Retirement Account

There is an option with Acorns where you can sign up for an IRA account. All the spare change you collect, you can add to your IRA account. Selecting an IRA account will benefit you as you approach retirement.

It looks like retirement has become much easier for you! 


There’s a lot to like about the Acorns investing app. Here are some of the benefits of using Acorns for your investing. 

Account Start-Up and Fees

Another excellent feature of this app is the minimum amount to start investing. All you need is the magic number to start investing: $5. The best part? It costs absolutely nothing to open an account. 

Multipliers For Roundups

If you want to get the most out of your investments, you can add a multiplier. For example, adding a 2x multiplier to the previous example will round up your account by $1.5. There is no extra cost for adding a multiplier; you can simply switch it on and off.

User Friendly

Selecting your investments requires no effort. Acorns is automated and preset to your liking. This investing platform will suit those of you who do not like researching and would rather sit back.


Not everything within Acorns is perfect, though. The investing app does have some drawbacks, depending on your specific investing needs. 

It’s Almost Too Little Work

Link an account, answer some questions for a pre-made portfolio, and voila! 

You are done. 

There is no work on your part as the investor to put in. In other words, you cannot instantly look up certain stocks to invest in. If you are the technical type who wants to know what the industry is, the 50-day moving average, and researching fundamentals, this might not be a great fit.

Not Available Outside The U.S. & Australia

Acorns is only available to people living in the United States. For those of you living in Canada, Mexico, or elsewhere in the world, you will have to look elsewhere to invest your money.

Sluggish Returns

To see a decent return, you must use this App for some time. For those of you who enjoy taking risks, seeking lucrative gains, and immediate gratification, then this App will not suit your investing personality. There are alternative online platforms that will suit your needs.

The Final Word

Acorns is spectacular for first-time investors, college students, and non-technical individuals. Each purchase made from your account is rounded up and invested for you automatically. Fees are highly reasonable compared to big investment platforms like TD Ameritrade. More options are available, like Robinhood, if you prefer technical and fundamental analysis. 

Invest Your Spare Change With Acorns

Put your spare change to use with Acorns. Automatically invest your spare change to save for retirement and other money goals.

We earn a commission if you click this link and make a purchase at no additional cost to you.
Acorns Investing Review 2024

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