5. Acorns review

Acorns Review 2022: Using Your Spare Change to Invest

For many of us, investing can seem overly complicated and somewhat intimidating if you don’t know the ins and outs. Acorns intend to simplify and demystify this process through a revolutionary mobile app. The Acorns app was created to remove any mental roadblocks or anxiety about becoming a regular investor. Using Modern Portfolio Theory, it recommends optimized portfolios and keeps them on track with automatic rebalancing and dividend reinvestment. Here’s our Acorns review.


  • Painless Way to Save —Since the amounts taken out of your account are small, you won’t notice them missing from your checking account.
  • Hides the Complexities of Investing — You don’t need to understand Modern Portfolio Theory to use Acorns.
  • Start Investing With No Money — Acorns doesn’t require a minimum deposit to start using the service.
  • Easy to Set Up Custodial Accounts — Acorns Early makes it easy to set up a custodial investment account for your children and start investing in their future.


  • Only for “Boosting” Your Savings — Acorns’ savings amounts aren’t really suited to save the 5% to 20% annually you need to put toward retirement or larger goals.
  • Can Lose Principal—It’s possible to lose money with Acorns, although the recommended investments are pretty conservative.
  • Expensive for Small Accounts – Monthly Acorns fees can be high for very small investment portfolios.

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