Today Acorns (internal link) announced a new service, Acorns Later – investing in a tax advantaged account according to your profile. Basically, Acorns will peruse your profile and ask some questions and recommend either a Traditional, Roth or SEP IRA. This IRA can be funded from recurring payments (like Betterment (internal link), or any other IRA servicer) or incidental investments you choose to make. The cost of Acorns Later is $1.00 per month. I already invest in IRA’s from Aspiration, and Betterment which, given the amount of money I have invested, have much preferable cost structures. Still, Acorns works well for some, and I have generally been very happy with their performance. My Acorns investment account is an aggressive one,Read More →

Acorns (internal link) announced new “found money” offers today from Mod Cloth, The Body Shop, Michael Kors. Vitamin World and KiwiCo. Investopedia (external link) defines found money as: “A sum of cash or financial account that the holder controls, has forgotten about, then rediscovered. Found money can refer to something as simple as leaving cash in a warm coat and finding it the next season, or a utility deposit that was uncollected after moving to a new address. Each state operates an unclaimed property agency to connect forgotten funds with rightful owners and many belong to a national database.” On Acorns, found money is essentially a rebate, except, rather than find money you previously held, here, the partner companies invest aRead More →

Summary The beginning of 2018 saw a lot of volatility in the financial markets. While the quarterly reporting investment accounts will not be shown in this report, Acorns (which reports monthly) will be – and is indicative of that volatility. Acorns fell sharply this month (though it is still in the black overall). Over-all, February was a slow month, though it did show a return of trading on /r/giftcardexchange – a Reddit community for trading unwanted gift cards. Passive Income This month the Acorns account lost a significant amount of money. While this is unfortunate, it is also expected and since Acorns is a long-term investment account, I’m confident that it will perform above inflation in the long run. AcornsRead More →