I want to start off by saying I thoroughly enjoy your videos Brendan. Top notch stuff. You seem to always forget to mention that you can have the monthly subscription fee waived if you have the Mighty Oak card and you’re direct depositing at least $250 a month. This is a huge benefit and should be mentioned. Also, I just got an email notice a couple days ago that Acorns will be bumping up the $5 plan to $6 and they are introducing a 1% IRA match on new contributions so be on the lookout for that.
Love how you break it down. Anyone using Acorns should drop a thank you. You've made a lot of videos on Acorns. Great work man 👏🏻 Oh and they could make a major move if they got Taylor Swift 🤷🏻♂️
I’m seeing all these videos on Tik Tok of various people saying they cannot withdraw their money from Acorn. One girl said she’s done everything short of hiring a lawyer. This makes me concerned when I have money invested with Acorn. She said the BBB has a ton of complaints against Acorn too. I’m wondering if I will have the same issue if I go and try to withdraw a large sum of my money.
I just read the BBB complaints and it seems like a lot of them are around the friend referral program just flat not working. I had that issue 2 years ago too. But I’ve withdrawn from my acorns account several times with no issues personally
@@BrendanEvan Yea I remember seeing one of your videos where you mentioned you did that to do some home repair work. Okay thats good to know you didn't have any issues!!!
I think acorns is more suitable for mostly millennials and generation Z . I’m a millennial and I have been with acorns since I was 22 years old but now That I learned so much over the years of investing if I would go back in time I would have definitely use the original brokerage firms like fidelity
If Acorns added a stock back rewards credit card like Fidelity that would be great. I wish there was a little more time to sign up for the $40 bonus but that's a great deal, basically the first year free. Brendan have you tried setting up direct deposit to waive the fee? It says you only have 45 days after signing up for mighty oak card but I was wondering if the enforce it.
I look at acorn as the safe investor. It's swings are definitely less drastic than my account I invest in myself. I look at it as a safety net incase my other account crashes hopefully acorn will be ok
Obviously, all of these other things would make acorns a different product. The kiddie wheels are needed for the average investor. There are other apps that are more casino like that you are referring to.
Are they reliant on a problematic middle man to process all transactions? We don't know the inner workings of these companies or how competent all their partners are. They need to set themselves up to be robust and consistent, but we can't judge that from afar. (Nor are we able to forecast that if we DID have more info)
If you have the mighty oak card and don’t do direct deposit on it but just have a reoccurring transfer from your checking account can you just do a fund transfer every month from your checking account to pay off the 250 a month to waive the fee?
I believe that works as when I first got the card I was transferring money to my acorns account from my other bank and was transferring money from my other bank app to the acorns account with the routing number and account number and it was showing it as a direct deposit and waived the fee
The increase to $6 also includes a 1% match for IRA later investments, if you max out your Later account it will cover the annual fee. At the $6 tier I hope Acorns adds custom portfolios.
@@Captain-Rex53 It says on Acorns help center that it's 1-3% match for Later accounts. They don't say if the $3 tier is included. We should know by July 1st.
Re. Good Thing 3... Unlike SoFi which has their own mediocre ETF that they use in their automated investing feature. Instead of using proven good ETFs, SoFi uses their mediocre ETFs to funnel more money to themselves.
For somebody who has had a hard time saving money acorn has been great for me. i have over 20k saved on acorn with 125 a wk and 3X on roundups. Up 16% on my investments and goal is to reach 50K.
I wish. If you know how to get paid sponsored videos from them or others I’ll take notes. The only financial motive is affiliate links which are clearly stated at the end of the video.
The customer service is horrible. When they made changes in July they made it so that you couldn’t simple transfer to the program. I’ve tried and keep getting the same automated response with no resolution.
