Wouldn’t it be nice to make money passively in your sleep? Well if your looking for the best automatic investing app for iphone / ios we will be exploring why Acorns is your best option. For anyone out there who is either a beginner or experienced investor you can still greatly benefit from using the Acorns app.
For those of you who have never heard of Acorns they currently have a subscriber base of over 3 million people. It is completely free to signup which you can do here. Upon signing up you will be given 3 different ways in which you can invest money into the app. There is credit card roundups which allows you to take spare change to the nearest dollar, recurring deposits which can be set daily / weekly, and one time deposits. From my personal experience using this app I would recommend checking out the recurring method which will get you in the habit of putting money aside regularly.
When it comes down to the actual investing Acorns takes your money and puts it into low risk mutual funds and real estate stocks. Mutual funds consist of large, small, international, and emerging stocks. They will diversify your money based on 5 different settings you can choose from within the app itself. Basically if you want to take more risk you can set your account to “aggressive”, or opt in for “moderate”. I have noticed you can make anywhere from 3-7 percent which is why we think this is the best automatic investing app for iphone / ios.
Whether you are an experienced or novice when it comes to investing Acorns is a great way to diversify your income. It really takes the pain out of having to make decisions on what stocks or mutual funds to buy into. The app itself is also very user friendly and will allow you to login and check your account based on your current investments. Another nice thing is that you do not need an account minimum to get started, but will need to put in at least $5 to start investing.
For anyone looking for the best automatic investing app for iphone / ios Acorns is definitely where its at. This app is probably not going to make you rich, but its a great way for saving / slash investing your hard earned money passively.