Is Acorns legitimately a good way to start investing? Are these

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>>1178304
Woops posted the wrong image

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bump

Baseballs serious look it up

Looks like a scam

The fuck is this shit

Srs

>>1178304
They charge you 0.25% per year for the privilege of buying 6 ETFs (which themselves have built-in fees of 0.05-0.20%).
Fucking highway robbery.

Open an account at Vanguard and buy the same ETFs yourself and save money. (Literally free if you buy Vanguard's ETFs)

>>1178525
What's vanguard's catch?

>>1178535
By investing with them you agree to allow Jack Bogle to ask you for a favor at some point in the future and you have to do it no matter what

>>1178540
kek

But, seriously the catch is they don't provide active management unless you have a lot invested. They are low cost because they are DIY.
Also they hope you buy their ETFs and mutual funds instead of the competitor cause "muh market share".

>>1178535
None. It's build on Ben Graham's look on investing and follow the movement of the general market (US Bonds, International Bonds, US Stocks, International Stocks, I think they have REITs and cash too and a lot of others) . Eventually no activly managed portfolio beats the market. Your only responsibility in this approach is to choose the weight of every ETF in your portfolio to personalize your exposure. I held vanguard REITs at some point iirc. I guess don't pick only vanguard ETFs just in case but essentially there is no catch. You just have to wait a long time to see profits.

>>1178544
Also they are not setup for active traders. They want people who take long positions.
Example: In my cash account, they restricted me for three days in advance of settlement because of a possible freeride violation. This despite the fact that I had already setup an automatic sale of a fund for the express purpose of covering the stock purchase.

>>1178525
That's only after 5000, if you're just using it for short term investing it great, because it's free for students

I used them for a week. Decided its better to just use Robinhood with some stocks I like.

>>1178535
You can't automatically round up your transactions. You have to actually think about your investment.