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19399700 No.19399700 [Reply] [Original]

Would it be idiotic to just throw a couple hundred bucks into an Acorns account and see what happens? I don't really want to get deeply into trading but I've heard the general returns on Acorns can be mediocre. Are they better if you invest more than just spare change?

>> No.19399713

>>19399700
If you put your head in between the bun's it would be a textbook example of an idiot sandwich.

Buy link and stop whining.

>> No.19399724

>>19399713
No crypto and no Vanguard or TD etc etc

>> No.19399796

bump

>> No.19399889

more bumps

>> No.19399985

Why doesn't this get any attention on here? Would it really be that worthless?

>> No.19399993

Just buy bitcoin

>> No.19400030

>>19399993
lick my balls

>> No.19400038

>>19399700
You'd be just as good off buying CDs and treasury bonds. I used acorns for a while and unless you put in seriously substantial amounts you will make nothing off of it. Get a robinhood acount instead and treat it like a savings account

>> No.19400057

>>19400038
Can you just toss money into a Robinhood account like Acorns? The thing that's appealing to me is the hands off approach

>> No.19400064

>>19399700
Acorns returns aren't *terrible*, but they're not difficult to beat if you just put a little effort into picking the stocks/funds yourself. I was using it for a while just because it was easy to chip in a bit every single day, but the lack of choice is a bit frustrating. I've found M1 to be a close enough substitute for that recurring investment functionality, but with more control, which is nice.

>> No.19400081

>>19400038
And what type of substantial amounts? Like, $100 at a time? $500?

>> No.19400102

>>19400057
You can set up automatic deposits and then just buy etfs which is more or less what acorns is but they skim off most of your profit.

I don't buy ETFs but people always talk about vanguard and looking at its 5 year its up 42%. I dont know if they pay dividends but if they do that'd be easy to compound up.

>> No.19400109

>>19400064
With M1 are you still manually selecting the investments? I think part of my hesitation is just that I have doubts about the long term prospects of this crabwalking economy; if I got something like Acorns and saw it start to generate some gains I'd be more willing to look into investing myself

>> No.19400116

>>19400081
Back when I was using it it looked like I needed at least 10k in my account before I was making enough a year to even justify the account. I work in food so obviously this was not a feasible strategy for me.

>> No.19400124

>>19400102
Don't you need $950 to start buying ETFs?

>> No.19400137

>>19400116
Why is that?? Isn't the monthly fee $1? You can't make more than $12/year without investing over $10k?

>> No.19400169

>>19400137
I'm not sure about exact numbers but I think the profit was so low that it'd be safer and simpler to just use a high yield savings account. But even that doesn't beat inflation which is why I decided against acorns in the end too.

>> No.19400177

>>19400124
Also sorry I missed this one. I think they just work like stocks where you need to pay whatever the price of it is. Like VOO is around $250

>> No.19400179

>>19400109
>With M1 are you still manually selecting the investments?
Yeah, you assemble your own basket of stocks and funds.

>> No.19400189

>>19399724
>no crypto
Why?

>> No.19400226

>>19400189
I don't want to mess with anything volatile or exotic. I want something that's simple like Acorns because I have money to invest but I don't want to get wrapped up in day trading or obsessing over stock tracking

>> No.19400228

https://www.google.com/amp/s/amp.baka.com.au/money/investing/millennial-investors-are-getting-ripped-off-by-acorns-20170907-gyckfb.html

Here's a good article talking about what I mean. It's not as bad as I described so maybe it would work for you if you're willing to let them hold at least 1500

>> No.19400245

>>19400226
So just buy LINK and hold it. Its literally the best performing asset of any asset class. No thought has to go into it other then how many dollars you want to put into it.

>> No.19400246

>>19399700
>see what happens
>put 200 bucks
>earn 10% year
>now you have 220 bucks
>pay fees
>now you have 198 bucks
well done

>> No.19400251

>>19400228
I don't have a problem investing $1500 but what would the potential returns on that even be?

>> No.19400256

>>19399700
binance occasionally has good annual savings returns for crypto. I think the was one for 15% annualy for locking in ur tether balance for a certain amount of time. it's always changing, and I'm not entirely sure, but if you lock in a substantial amount, you can theoretically get a good return at the end of the year if you just lock tether in

>> No.19400263

>>19400251
I read that earnings are around 6-7% /year
At this point get your money into some lending platform and you can get to 10-12% year

>> No.19400273

>>19400246
The fee is $1/mo so wouldn't it be $208? Also that was just a starting number, I would continue adding to it

>> No.19400293

>>19400263
>>19400256
Am I wrong to think putting $5k into investments to end up with $5500 a year later seems like a risky way to make $500? 10% doesn't seem like a lot to let people fuck around with your cash

>> No.19400343

>>19400273
I don't know, there are other fees to be calculated, if it opens / closes trades on stocks.
On lending platforms you can read about the projects and choose if put your money in or not.
You can distribute your $1500 into several lendings too.

Right now i would suggest to buy some stocks and keep them, you will earn more than 10% for sure.
If you don't know what to take, just pick P&G, Coca cola and other strong brands.
That's it.

>> No.19400399

>>19400343
You think it's an alright time to buy in even with all this insane shit happening? I know in the very long term it will probably be fine but I don't know if I can afford to lose my ass for 5-10 years before that happens

>> No.19400431

>>19400399
It's a brilliant time to buy, we're almost out of the shit and there are many undervalued companies.
Since you don't know how to trade don't throw money into risky situations.
P&G literally invented the stock market, they pay a 2.66% dividend too

>> No.19400447

>>19400293
if that's ur goal, it doesn't seem risky at all.
you could probably make more than 10% if you do what I suggested in my earlier post
currently the lock in price for tether is ~6% for 90 days. but like I said, it's always changing, and once the 90 days is up, you can lock in ur balance for 15% if that's what's available at the time.
Please someone let me know if my understanding of binance saving accounts is wrong, but it seems to me like a risk free way of making cash, no trading involved.
I imagine if u lock in like 100k, u could average more than 10% annually at the end of the year and basically make like more than 10k without doing anything

>> No.19400468

>>19400431
*2.66% every 4 months, this means that they pay a 7.98% dividend every year, not to mention the stock price rising.

>> No.19400503

>>19400431
>we're almost out of the shit
Nigga do you not watch the news. Revolution is coming.

>> No.19400513

>>19400468
>>19400447
So what would you say to do if I've got a maximum of like $500 to invest immediately? All in on P&G and Coca Cola?

>> No.19400569

>>19400513
>Coca cola
>P&G
>Pepsi
>XOM (a little more risky, high div) (put less here)

Think to other well known strong brands and see if they pay dividends.
Avoid digital and new shit, they are almost again at the top and don't pay dividends.
Avoid airplanes, no shit for a newbie

>> No.19400588

>>19400431
>we're almost out of the shit
famous last words

>> No.19400605

>>19400588
>>19400503
What's the worst that could happen if I put money into the stock market right now? It goes bust in a few months and I have to wait ten years to get my money back?

>>19400569
Alright good deal, I'm assuming there's an easy way to tell who pays dividends

>> No.19400627

>>19400605
just do some research, can't spoonfeed you
Remember: you're investing, not trading, this means that you buy and forget your investment for a year

>> No.19400729

>>19400513
>>19400605
If you're looking for stock picks in particular, I feel I need to add: one of my biggest investing regrets, even moreso than selling bitcoin too early, was selling Starbucks.

>> No.19400749

>>19400729
Sure I'll definitely take some suggestions. I'll probably mull stuff over and put some money into it on Monday if the weekend doesn't fuck shit up.

With Starbucks, Coca Cola and Pepsi on the list I feel like I'm back in my middle school stock market sim. I guess those stocks always did do well

>> No.19400802

My raiz account (acorns) has performed stupidly well in the corona climate, I set it up in feb with $500 AUD with a $25 dollar monthly addition plus my roundups linked to my spending cards and paypal, I went with the 'Emerald portfolio' all sustainable industries and ethical etfs/gov bonds etc it has %5 in crypto too. I've had a steady gain of 8-10% the whole time and currently on $937.35 with my own contributions being just above $800.00 so thats not the worst for a 5 month run of doing absolutely nothing. You can minimize fees by setting your round up amount to >$30.

>> No.19400844

>>19400802
And those Emerald portfolio etfs/govt bonds are things I can't just buy outright, correct? That doesn't sound too bad and seems similar to the dollar amounts I'd be playing with

>> No.19400856

>>19400844
You can buy the ETFs yourself absolutely, however I found because I wasn't investing large amounts I couldn't meet my brokers min spend.

>> No.19400864

Any aus bros use CMC markets brokerage?

>> No.19400868

>>19400856
Yeah I don't think I'll be looking to invest hundreds at a time or anything. $25 seems like a good average, maybe $100 on a good day

>> No.19400878

>>19400868
yeah brilliant man, if you're looking for a low fee solution to enter the market in a way then its brilliant, thats what it was for me, I'm still sitting in alot of cash and considering putting it all into Raiz until I feel more comfortable picking stonks myself.