Now the cool part is that you choose how they invest your money. You can choose from one of 5 categories, which are: Conservative, Moderately Conservative, Moderate, Moderately Aggressive and Agressive.
I chose to go with moderately Agressive. Acorns invests your money in the following categories and in the following ways if you choose to go with moderately aggressive.
Large Company Stocks- 0.13 cents of every dollar
Small Company Stocks- 0.25 cents of every dollar
Emerging Market Stocks- 0.14 cents of every dollar
Real Estate Stocks- 0.22 cents of every dollar
Corporate Bonds- 0.21 cents of every dollar invested
Government Bonds- 0.05 cents of every dollar
I will update you guys on my progress monthly. The screenshots below are taken from my phone and are of my investments.
So this is in no way a way to get rich BUT it is a way to get your foot in the door of investing especially if you are just starting out like me.
I am just writing this independently, I am in no way being paid by Acorns. Also I am not responsible for any monetary loss you may have by using this app.