Acorns vs Betterment

The smartphone has revolutionized to the way we manage our finances such as paying bills to tracking our credit scores. Some of new investing apps have make it easier for novice investors to get their start in the market. Services like Acorns and Betterment Stash let users invest small amounts of money to begin to grow wealth. But how good are these apps at growing your money. Read on the review about Acorns vs Betterment to find out all you need to know about investment apps.

Acorns
Acorns is an app that is designed to help users invest their spare change by rounding up purchases to the dollar. Acorns’ main selling point is how simple it is to choose your investments. To get started, Acorns asks for your age, how long you’re looking to invest, your income, your financial goals, and your risk tolerance. From there, the app recommends one of five portfolio blends. Each portfolio comprises six low-cost exchange traded funds (ETFs). Portfolios range from conservative (with a larger allocation of bonds) to aggressive (with a larger allocation of stocks). Just like any product aimed at convenience, Acorns investing platform comes at a price: $1 per month for accounts with $5,000 or less, and an annual fee of 0.25% of the account value for balances over $5,000. Its best suited for the individuals who struggle to set aside savings each month and want to invest for short-term goals.

Betterment
Betterment is a service that pretty much takes all the guesswork out of investing. Users input their investment goals, and the app suggests individual portfolios based on an investor’s risk tolerance and goals. Betterment uses software and algorithms to manage money by investing it into a blend of Vanguard exchange traded funds (ETFs), including U.S. and international stocks, short-term Treasuries, inflation-protected Treasury securities, and emerging market stocks and bonds. Betterment’s algorithm manages your investments for you and rebalances them over time, making sure you’re properly invested in the right mix of funds. Betterment currently offers a promotion of up to six months for free. After that, fees are relatively low — 0.35% per year on accounts with a minimum monthly auto deposit of $100 and 0.15% for accounts that hold at least $100,000.. It’s best suited for novice investors who are investing for long-term goals like retirement.

AcornsBetterment
- Acorns is an app that is designed to help users invest their spare change by rounding up purchases to the dollar- It’s best suited for novice investors who are investing for long-term goals like retirement.
- Product aimed at convenience, Acorns investing platform comes at a price: $1 per month for accounts with $5,000 or less. An annual fee of 0.25% of the account value for balances over $5,000- Investing it into a blend of Vanguard exchange traded funds (ETFs), including U.S. and international stocks, short-term Treasuries, inflation-protected Treasury securities, and emerging market stocks and bonds
- Become one of the most popular online stock trading and service-branch services in the United States- 0.35% per year on accounts with a minimum monthly auto deposit of $100 and 0.15% for accounts that hold at least $100,000.

Conclusion
It can be the hardest decision to make when it comes to investing choice between Acorns vs Betterment and that’s not even including all the Acorns and Betterment competitors out there. But, you can pick Acorns for your best investing choice because there is no hefty fee in it if you do not contribute at least $100 each month.

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