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ETF portfolios are tailored to your risk tolerance and investment goals
Automated custodial investment accounts for kids
You can t invest in specific companies; Acorns assigns and manages your portfolio for you
If you don t invest regularly, monthly fees could be high compared to other automated advisors like SoFi
Acorns is an automated investing app offering personal investment accounts, IRAs, checking accounts , and investment accounts for kids. While the investment platform has a $0 account minimum, you ll need at least $5 to start investing.
As for fees, Acorns offers three plans at various price points: Acorns Lite, Acorns Personal, and Acorns Family. If you re solely interested in investing with a personal investment account, Acorns Lite might be best for you. The account has a $1 monthly fee, but it: (a) invests your money in an ETF portfolio tailored toward your risk tolerance, and (b) uses Acorn Round-Up
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What Is the Best Investment for a Child’s Future? Make a Plan Now
The best strategies for investing in your child’s future might seem unclear.
Financial stress ranked #1 on the American Psychological Association’s annual Stress in America™ survey this year. It has held this position every year since 2007 when the survey began.
It’s natural for parents to want to shield their children from some of this stress by investing money towards their future. However, the best strategies for investing in your child’s future might seem unclear.