Robinhood App – Why Acorns BEATS Robinhood

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Robinhood Download Links:

IOS:

https://itunes.apple.com/us/app/robinhood-free-stock-trading/id938003185?mt=8

Android:

https://play.google.com/store/apps/details?id=com.robinhood.android&hl=en

Robinhood Main-page:

https://www.robinhood.com/

Acorns Download Links:

IOS:

https://itunes.apple.com/us/app/acorns-invest-spare-change/id883324671?mt=8

Android:

https://play.google.com/store/apps/details?id=com.acorns.android&hl=en&gl=us

Acorns Main-page:

https://www.acorns.com/

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Robinhood App – Why Acorns BEATS Robinhood

37 comments

  1. Which app would you recommend to someone who wants to learn how to trade and grow some extra $ on the side?

  2. Hey man I like watching your videos. I had 2 questions.

    1) How long have you had the app ?
    2) How much did you actually make ? Is it significant or a few cents here and there ?

    I appreciate any feedback. Thanks.

  3. +sabisreign Hey Sabis! I have had the app for about a year and some change now. When I started using the app I was able to make some extra money through timing dividend payment ownership periods, selling on gain and then collecting dividends. This is probably one of the most reliable methods to use with Robinhood. I hope you enjoyed the video, and have a great day! – Mike

  4. You don’t have to buy individual stocks on Robinhood.

    You can simply replicate the Acorn portfolios by buying the ETF components of the Acorn portfolios.

    Or, you can simply buy an balanced portfolio ETF. For example, iShares offers these. (See: AOA, AOR, AOM, AOK.) Unless you have over $49,000 in Robinhood, then these ETFs are cheaper portfolios since Acorn charges $120 per year ($10/mo) which is more than the iShares’s expense ratio (0.24%) x $49,000 = $117.60.

  5. I misspoke. I misremembered Mike saying it was $12 per month.

    But, it’s actually *$12 per year* if you have less than $5,000 and *0.0025%* if you have more than $5,000. 0.0025% might be ok. But, if you have only $1,000, then $12/$1000 would be around a 1.2% expense ratio. That’s pretty expensive. It’s at least 8 times more expensive than using Vanguard ETFs to build a portfolio.

    I don’t know much about Acorns. I’d guess they are building their portfolios with ETFs. So, that 0.0025% fee is on top of the fees already charged by the underlying ETFs. To be more precise about expenses, we’d need to know more about how Acorns builds the portfolios.

    It’s still cheaper to buy iShares’s portfolio ETFs. But, perhaps Acorns’s other features makes up for the added fees. You have to be the judge. Me personally, I’m super cheapo and don’t pay for things I could do myself. (However, I do pay for things that I think are worth it. For example, I own some closed-end funds that are charging around 2% and some alternative mutual funds that charge over 1.5% since there’s no other way for me to buy these kinds of things.)

  6. Do you have to start out with a certain amount? You know how acorns takes your change and “invests” it how does this one work ?

  7. Hello! There is no required starting amount. You can start with as little as a dollar! This does not use change investing; you have to manually input funds. However, this is simple to do, and can be set up to be done at automatic increments. Thanks for watching!

  8. +km km good point. If you trade then you own your job. If you invest then you own your assets and they work for you.

  9. Robinhood no fees?? dividend capture strategy you can with just a 20k porfolio bring in 200-800$ on the daily

  10. Acorns is good for if you are just starting out and absolutely know nothing about investing. If forces you to constantly put your money into something that grows better than your savings account. But my Robin Hood account earns a lot more because I can be more active about where to put my money.

  11. Hey evilangelrza, I would recommend a free app/website called Wise Banyan. Tell them how much you can afford to put in and how much much you would like to gain, and Wise Banyan does the rest for free! I have Founding Member Status and you can too. Use this code to get signed up https://wisebanyan.com/r/esfjgDLOH
    If you have any questions feel free to email me j.jameshurt@gmail.com

  12. Previous questioned answered with this video. While I’m learning, I could be investing, so Acorns might be best for me. At least for now. Thanks.

  13. Troll/click bait title, you’re just trying to get more views, I actually watched this thinking “really? it beats Robinhood? this should be good” but after watching your video, listening to your points I can tell you don’t even believe that.

  14. Dude informative vids, but please to make it bearable try to not mention okay after every sentence only to be changed in alright, it is so annoying.

  15. And since it was never answered, I would say it is better just to use RH. I never used Acorns, but I did use Stash which is the same idea with the same pay structure and recently switched to RH now that Stash has basically fulfilled it’s purpose (got me into investing, helped me add little by little to my portfolio with fractional shares, helped me learn the basics).

    Now that I learned all it can teach me and grew my portfolio a couple thousand dollars, I moved to RH for the control. If you are using RH as well, I see no reason why you would want to pay the fees for Acorn when you can save money doing it all yourself, which is also more fun.

  16. I have to questions: 1)is it only available in the US or worldwide? 2) do you have to pay them for selling and buying shares?

  17. Can you please do a review of the clink app? I have a co worker that uses it, and loves it, but all of the negative playstore reviews mske me nervous to jump in. The acorns is great and i’d love to find another trustworthy automated app for saving/investing.

  18. I do both. My change is investing. I only invest $50/month deposit, but the extra change adds up.

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