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/biz/ - Business & Finance

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463895 No.463895[DELETED]  [Reply] [Original]

A few of my friends have been trying to coax me into using Acorns after they tested the beta for a few months.

I have never invested anything before and frankly all the information is a bit boggling.

My biggest concern is: Is it possible to lose more money then I put into it?

I love comfortably for 25, but don't have an enormous cushion to fall back on financially. Investing spare change here and there appeals to me, but I don't want to be slammed later on down the line with sudden debt.

Can anyone enlighten me?

>> No.463896

>>463895
This is genius and it looks great but...any idea on whos behind the scenes?

>> No.463904

Jeff Cruttenden
Co-Founder & COO

Jeffrey Cruttenden co-founded Acorns to simplify investing and connect it to everyday life. In college, he noticed that most of his classmates that had an interest in investing couldn't come up with a lump sum to meet minimum balance requirements. Jeff graduated magna cum laude and Phi Beta Kappa with a B.A. in Mathematics from Lewis & Clark College. Jeff serves as COO of Acorns.

Walter Cruttenden
Co-Founder & CEO

Walter Cruttenden is a financial markets innovator. He founded and served as CEO of Cruttenden Roth, now Roth Capital Partners. Walter also founded and served as CEO of E*Offering, the investment banking arm of ETrade. E*Offering became the number one provider of online IPO’s before its sale to Wit Capital and ultimately to Schwab. Walter co-founded Acorns and serves as its CEO.

They also have a novel prize economist on staff, will have to dig for his name again.

>> No.463905

Nobel*

Also, is this kind of long term investing would you stand to lose more then just your money you invested?

>> No.463928

lurking

>> No.464626

Bump

>> No.464629
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464629

>>463905
You cannot lose more than 100% of your investment.
>>463896
>>463904
>pic

>> No.464632

>>463895
>shillin on 4chan.

Ignore. It's a new form of marketing.